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Tag: Income Tax Ordinance

Business
  • Web Desk Karachi
  • Mar 06, 2025
IMF considers lowering tax collection target amid economic slowdown

Any potential decrease from the original target of over Rs12.9 trillion hinges on the Finance Ministry’s capability to cut expenditures to ensure adherence to the IMF’s overarching programme goal of achieving a primary budget surplus of Rs1.2 trillion this fiscal year

Business
  • Web Desk Karachi
  • Dec 16, 2024
Salaried class boosts tax contributions to Rs200 billion amid growing FBR shortfall

The FBR fell short of its tax collection goal by Rs341 billion, and the gap is expected to widen by the end of December.

The Federal Board of Revenue (FBR) dismissed online rumours claiming that it will impose taxes on the prize money won by Arshad Nadeem, who won gold medal at 2024 Paris Olympics.
Pakistan
  • Web Desk
  • Aug 11, 2024
FBR confirms no tax on Arshad Nadeem’s prize money

The FBR confirmed that the prize money will remain tax-free.

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