ISLAMABAD  - Federal Board of Revenue Chairman Ansar Javed Wednesday denied the news that government has increased the standard rate of general sales tax (GST) by 1 per cent through presidential ordinance."There are several such ecommendations but President did not issue any ordinance that ...

LAHORE - Fertilizer manufacturers have invested $2.3 billion in the country based on the government approved policy designed to encourage investment in the sector but authorities did not honour their gas supply contracts with the industry. The industry representatives said that out of the total ...

Federal finance minister Abdul Hafeez Sheikh has confessed that there are some serious discrepancies in the taxation system of the country while he also said that the implementation of the reformed GST would not add to the already prevailing wave of inflation, a private TV reported on Monday. The ...

The Economic Coordination Committee (ECC) of the Cabinet, which met under the chairmanship of Syed Naveed Qamar, Federal Minister for Privatization here today, decided to exempt GST on the Ethanol component of Ethanol-10 blended fuel in the country. The ECC also gave approval to the revision of ...

Pakistan would have to withdraw subsidies being given to the energy sector by the end of the current month. According to the laid down conditions in the Pakistan-IMF agreement for $7.6 billion loan, Pakistan in collaboration with the World Bank would have to abolish subsidy to the energy sector by ...