Latest News

Dry milk importers manoeuvring to 'enjoy' zero-rated regime

PAR May 21, 2015 0

The Finance Ministry is reportedly under pressure from companies importing skimmed milk powder and whey powder and are manoeuvring to include dry milk...

LSM growing small; seen smaller

PAR May 21, 2015 0

Economic growth for the fiscal year ending June 2015 is estimated to be 4.24 percent by the National Accounts Committee (NAC). Thats marginally up fro...

Delay in ICT LG bill passage hinders ministry, CDA working

PAR May 21, 2015 0

Islamabad - Delay on part of the Senate in passing ‘The Islamabad Capital Territory Local Government Bill, 2015’ is causing hindrance in disposing of ...

SIALKOT City News

PAR May 21, 2015 0

SIALKOT: Industrialists and exporters of Sialkot Wednesday criticised the Federal Board of Revenue (FBR)’s proposal to increase sales tax ratio from 2...

Dar forms committee to triple tax base in next two years

PAR May 21, 2015 0

KARACHI: The government has planned to streamline its direct and indirect taxes and broaden the tax base manifold in the next two years to improve eff...

REAL ESTATE INVESTMENT 101 – A beginners’ guide to the basic stuff

PAR May 21, 2015 0

I’ve been working in real estate for several years now and while most things around me are in a constant state of flux, there are a few things that ar...

After 2 failures, govt sets another ambitious growth target

PAR May 21, 2015 0

After missing GDP growth target in consecutive two years, the PML-N government has once again set an ambitious growth target of 5.5 percent for the ne...

MPs demand pro-growth budget

PAR May 21, 2015 0

With next year’s revenue target set at Rs 311b and PSDP at Rs 580b, GDP growth target set at 5.5pc PML-N’s Daniyal Aziz says Finance Ministry sabot...

Banks disbursed Rs368.7 billion in agriculture credit during the first 10 months of the current fiscal year, which constitutes 73.7% of the annual target of Rs500 billion.

PAR May 21, 2015 0

According to latest data released by the State Bank of Pakistan (SBP), the agriculture credit provided in July-April was 28% higher than the disbursem...

Pakistan Weather Updates As on 19th May 2015

PAR May 21, 2015 0

Synoptic Situation: Yesterday’s westerly weather system lying over upper parts of the country today lies over its upper and central parts and is likel...

Wagha LFU collects only Rs 34 million as taxes on imports in 15 days

PAR May 20, 2015 0

LAHORE: Pakistan has collected Rs 34 million as taxes in the first 15 days of May, while total taxes to the tune of Rs 137.4 million were collected in...

FBR to scrutinise income tax returns filed by Axact from 2009 to 2015

PAR May 20, 2015 0

KARACHI: The Federal Board of Revenue (FBR) has constituted a special team comprising officials of Regional Tax Officers (RTO) in order to scrutinise...

Post Clearance Audit detects violation of customs rules in 12 cases

PAR May 20, 2015 0

KARACHI: The Customs Directorate of Post Clearance Audit (PCA) has detected 12 cases pertaining to the violation of customs rules and SROs and made au...

Faisalabad: Investigation & Prosecution Unit recovers millions of rupees sales tax

PAR May 20, 2015 0

FAISALABAD: The Investigation and Prosecution Unit of the Regional Tax Office, Faisalabad, was established in March, 2013, at the Second Floor of the...

Budget 2015 outlook

PAR May 20, 2015 0

Broad contours of FY15 budget highlights discussed with the IMF shows that fiscal consolidation efforts will continue in the upcoming fiscal year as w...