islamabad - The constitutional ambiguities have stopped the caretaker government from issuing the presidential ordinance for imposing new taxes.President Asif Ali Zardari on Wednesday signed the ordinance allowing caretaker government to impose new taxes at the time when new government is all set ...

FAISALABADThe All Pakistan Textile Processing Mills Association criticised the caretaker government’s decision to adopt new measures through a presidential ordinance to generate additional revenue by imposing taxes on textile industry without taking all the stakeholders into confidence.APTPMA ...

WASHINGTON : The Afghan government has levied “illegitimate” taxes on contractors working on US-funded reconstruction projects, possibly disrupting US military operations, a watchdog said Tuesday.Kabul’s Ministry of Finance has violated agreements with Washington that are supposed ...

lahore - Punjab Revenue Authority (PRA) despite hiccups being created by other tax jurisdictions, was struggling hard to implement Punjab sales tax on services effectively.This was observed at a meeting organised by the PRA to give presentation to the caretaker Chief Minister’s adviser on ...

Minister of State for Finance Saleem Mandviwala told the Senate on Thursday, while replying to a question, that the number of taxpayers had come down from 1.6 million in 2009-10 to only 0.81 million in 2011-12, even though 3.39 million people possessed NTNs. He said that notices had been issued, ...

ISLAMABAD - Pakistan Institute of Development Economics (PIDE)’s recent survey noted that federal budget 2012-13 would have a detrimental effect on firm businesses blaming taxes on raw materials, inflation, and energy crisis.Though businesses continue to operate in a challenging environment ...

KARACHI – Finance Minister Dr. Abdul Hafeez Shaikh has assured foreign investors that no new taxes would be imposed in the next budget. Talking to members of Overseas Investors Chamber of Industry (OICCI) during his visit to the Chamber Monday, he said that after the NFC award, there has ...

KARACHI - Pakistan International Airlines informed the passengers that Civil Aviation Authority Pakistan (CAA) has levied new taxes and increased the existing airport charges on airline ticket per passenger effective January 1, 2012, PIA spokesman said here on Friday.He said that these additional ...

RAWALPINDI - Scores of residents of Rawalpindi Cantonment Board (RCB) Wednesday took to streets against the injustice and erroneous policies of Executive Officer (EO) of the cantonment board.They gathered outside RCB Office on Mall Road and agitated against the EO for not listening to the demands ...

OUR STAFF REPORTER JHANG - The representatives of various religious, trade and political organisations of Daska have rejected raise in power and gas tariff and 'oppressive taxes levied on the poverty-hit people and demanded their immediate withdrawal or be prepared for protest sit-ins and ...

ISLAMABAD - Federal Board of Revenue (FBR) has recovered Rs 356 million taxes under its current drive for broadening of tax base as 26,740 new returns have been filed in new drive during the previous financial year 2010-11. Federal Board of Revenue had initiated a drive for broadening of the tax ...

OUR STAFF REPORTER ISLAMABAD - The Federal Tax Ombudsman (FTO) has refunded taxes worth Rs 44.1 billion during 2009 to May 2011 period. The figures were presented in the first meeting of the recently constituted Federal Tax Ombudsmans Advisory Committee which was held here with Federal Tax ...

KHANEWAL - The Excise and Taxation Department, Khanewal has so far recovered a record sum of Rs102.037 million in taxes during the current financial year, Ikramul Haq Babar, the excise and taxation officer, said. Talking to this scribe, he said that the department was given a target of Rs 119.7 ...

ISLAMABAD (APP) - The economic experts of Pakistan Institute of Development Economics (PIDE) have urged the textile sector of the country to pay all its taxes accordingly in order to bridge the tax gap of Rs500 billion which remains uncollected every year. "The textile sector, which has made a ...

LAHORE (PPI) - The artificial limbs are not reachable for the disable persons due to high cost while the manufacturers are paying over 40 percent duties and taxes over the import of material being used in artificial limbs. Special people who are already living below poverty line have to pay all ...

LAHORE (PPI) - Almost 9 million people of the country are disabled but they cannot get standard artificial limbs particularly for knee, ankle and hip limbs on cheap rates as government has imposed 40 per cent taxes on the import of raw material being used in manufacturing of limbs while sole school ...

The Prime Minister Syed Yousaf Raza Gilani has said that there is no foreign influence on the government to impose taxes while the decision of RGST was taken after taking all the four provinces into confidence, report said on Saturday. Talking to the media men in a private hospital in Lahore after ...

US Secretary of State has reiterated her earlier remarks that Pakistan must boost taxes on the wealthy and reduce its reliance on foreign aid to recover from the devastating floods. After meeting the European Union Foreign Policy Chief Catherine Ashton in Brussels, Clinton said Pakistan should make ...

KARACHI- Imposition of Agricultural Income became a bone of contention between the two major coalition partners, PPP and MQM with legislators of former opposing and latter supporting the levying of the tax in their speeches made on the floor of the Sindh assembly during the debate on the provincial ...

RAWALPINDI (APP) - Chairman Federal Bureau of Revenue (FBR) Suhail Ahmed on Thursday said the economy was showing macro-economic stability as inflation was under control and exports, imports and foreign reserves were increasing. I see very positive economic recovery signs and the economy is ...

KARACHI - The steel importers showed dissatisfaction over the issue of increasing taxes on import of finished steel products and recommended few considerations for steel industry in coming National Steel Policy. While talking to The Nation, All Pakistan Steel Melters Association Chairman Azizur ...

ISLAMABAD Aiming at economic revival and protection of industry, the PPP Government on Saturday presented a Rs 2.9 trillion consolidated budget with a deficit of Rs 722 billion (4.9 per cent of GDP) and growth target of 3.3 per cent for the 2000-10. Total consolidated expenditure for the fiscal ...

KARACHI - A Single Bench of Sindh High Court (SHC) Justice Attar Saeed disposed of the petition moved by National Commodity Exchange Limited (NCEL) and Karachi Stock Exchange (KSE) against issuing notices to pay taxes by Income Tax Department. The Income Tax Department official appeared before the ...

KARACHI - The tax threshold system might be abolished in coming days and the existing taxpayers would not be burdened with more taxes in new budget. The Federal Board of Revenue is unlikely to impose tax on major crops in the coming budget. Director General Regional Tax Office, Karachi, Israr Rauf ...

KARACHI - The Sindh government has collected only Rs16.2 billion in terms of tax and non-tax provincial receipts during eight months (July-February) of current financial year 2008-09, officials told The Nation. The provincial government of Sindh set the target of raising provincial receipts (tax ...

LAHORE (APP) - Traders and business community in the wake of global recession Monday demanded the government not to levy new taxes or broaden the tax base in the coming annual national budget to save the indigenous industry from total closure. The demand was put forth to Abdul Wadood Khan, Advisor ...

KARACHI - Despite the registration of a huge number of 179 hotels with Sindh Excise and Taxation Department across the province, the government is not collecting sufficient amount of money in this head. According to details provided by the E&T Department, there are a total of 179 registered hotels ...

House Speaker Nancy Pelosi appears to differ from Barack Obama on at least two issues _ rolling back tax cuts for the wealthy and investigating the Bush administration. But the two Democrats agree on the need to address the soaring cost of entitlements such as Social Security and Medicare _ the ...

Secretary Information PML(N) Ahsan Iqbal reacting to the IMF loan agreement said that failure of the government plans 'A' and 'B' was a moment for thinking as due to getting loan from the IMF, taxes would be increased and the people have to bear this burden. While talking to a private TV channel, ...

ISLAMABAD - An endorsement of Pakistan's economic stabilization package by International Monetary Fund will almost certainly lead to more taxes and a further interest rate hike, at a time when the government is already doing away subsidies on oil and electricity. The IMF issues a Letter of ...