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Govt Aims to Recover Rs500B in Tax Disputes Amid Fiscal Deficit

05-Mar-2025
Prime Minister Shehbaz Sharif has instructed authorities to accelerate the resolution of pending tax cases in courts, setting a target of Rs500 billion in recoveries by June.Addressing a cabinet meeti...
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Govt Aims to Recover Rs500B in Tax Disputes Amid Fiscal Deficit

Govt Bank Borrowing Drops 84 percent, But Fiscal Pressures Persist

05-Mar-2025
Government borrowing from banks has plunged by 84% in the first seven and a half months of the current fiscal year, dropping to Rs658 billion from Rs4.044 trillion recorded in the same period last yea...
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Govt Bank Borrowing Drops 84 percent, But Fiscal Pressures Persist

Pakistan to Enforce Tough Real Estate Tax Laws Amid IMF Loan Talks

04-Mar-2025
The International Monetary Fund (IMF) has pressed Pakistan to step up its crackdown on tax evasion in the real estate sector as part of ongoing discussions to unlock a $1 billion installment from the ...
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Pakistan to Enforce Tough Real Estate Tax Laws Amid IMF Loan Talks

Major Customs Shift. Lahore to Handle Valuation, Easing Burden on Traders

04-Mar-2025
The Directorate of Valuation, Pakistan Customs, has committed to shifting valuation assessments from Karachi to Lahore, offering much-needed relief to the trading community.During an address at the La...
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Major Customs Shift. Lahore to Handle Valuation, Easing Burden on Traders

KP Revenue Soars. 200 percent Growth in Mineral Royalties Reflects Strong Financial Reforms

04-Mar-2025
Khyber-Pakhtunkhwa has witnessed a staggering threefold surge in mineral royalty revenues this fiscal year, highlighting substantial strides in economic reform and revenue enhancement.This development...
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KP Revenue Soars. 200 percent Growth in Mineral Royalties Reflects Strong Financial Reforms

ATM Cash Shortage Hits Pakistan as Ramadan Begins

03-Mar-2025
As Ramadan commenced, a widespread cash shortage hit ATMs across Karachi and other cities in Pakistan, leaving frustrated customers scrambling for withdrawals. The crisis emerged as citizens rushed to...
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ATM Cash Shortage Hits Pakistan as Ramadan Begins

Supreme Court Panel Recommends ADR System to Resolve Tax Disputes Faster

03-Mar-2025
A Supreme Court-commissioned committee has proposed the introduction of an Alternative Dispute Resolution (ADR) mechanism within the Federal Board of Revenue (FBR) and provincial tax authorities to ac...
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Supreme Court Panel Recommends ADR System to Resolve Tax Disputes Faster

FBR IT Wing and PRAL Under Fire for Tax Invoice Fraud Allegations

03-Mar-2025
The Multan Tax Bar Association (MTBA) has raised serious allegations against the Federal Board of Revenue’s (FBR) IT Wing and Pakistan Revenue Automation Limited (PRAL), accusing them of enabling frau...
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FBR IT Wing and PRAL Under Fire for Tax Invoice Fraud Allegations

Pakistan Confident in IMF Review. $1.1B Tranche Expected Soon

03-Mar-2025
The government remains confident about securing a positive verdict in the International Monetary Fund’s (IMF) initial assessment, which will unlock a $1.1 billion disbursement as part of the $7 billio...
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Pakistan Confident in IMF Review. $1.1B Tranche Expected Soon

TCP Faces Rs308 Billion in Outstanding Receivables Amid Financial Strain

01-Mar-2025
As of February 28, 2025, the Trading Corporation of Pakistan (TCP) is facing an alarming Rs308 billion in outstanding receivables, primarily due to delayed payments from several government agencies, i...
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TCP Faces Rs308 Billion in Outstanding Receivables Amid Financial Strain
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