Pak Economy

Important information about Pakistan economy

Banks to provide customers account data to FBR

UPDATE: as reported in the other media, non filer account holders having 50 million rupees in their accounts will be sent letters, not 500000 as reported by the News and daily Jang. بینکوں نے ایف بی آر کو 17 جون تک ود ہولڈنگ اعداد وشمار دینے کی حامی بھرلی، 5 […]

Cycle of borrowing

By Tasneem Noorani THE PTI government is caught between the devil and the deep blue sea. When they procrastinated on signing up with the International Monetary Fund, there was unanimous condemnation, and their star finance minister was sent home. Now that they have signed up to the program, there is […]

Online facility gives relief to taxpayers

Associated Press of Pakistan ISLAMABAD: The online facility for tax registration has reduced the number of complaints due to the minimum human involvement in the procedure and provided ease to the new fillers who were hesitating due to the procedures of tax registration system.  An official of Federal Board of […]

Highlights of Amnesty/Assets Declaration Scheme 2019

Islamabad: Federal cabinet has approved Tax Amnesty/Asset Declaration scheme 2019. The aim to launch this scheme is not to collect money but to generate revenue for reviving national economy. Pakistani citizens, except for public office holders and their dependents could avail this scheme to declare all previously undisclosed assets either […]

Highlights of Supplementary finance Bill of 2019

Pakistani Minister of Finance Assad Umar has presented the Finance Supplementary Second Amendment bill 2019 in the National Assembly today. Highlights of the finance bill are as follows 49 per cent tax on small and medium enterprises reduced to 20pc. Interest on agricultural loans reduced from 49pc to 29pc. Introduction […]