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Tag: Income Tax Ordinance 2001

Pakistan
  • Web Desk
  • May 04, 2024
President Zardari approves “Tax Laws (Amendment) Bill 2024”

The bill is designed to introduce amendments to existing tax and duty regulations and will targets key sections of both the “Sales Tax Act 1990” and the “Federal Excise Act 2005”.

The FBR has fallen short of its revenue target with a shortfall of over Rs48 billion in the first ten months of the current fiscal year.
Pakistan
  • Web Desk
  • May 01, 2024
FBR falls short of revenue target by Rs48 billion

The revenue department only managed to scrap together Rs7,366 billion against the target amount of Rs7,414 billion.

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