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Business

Web Desk Karachi
Feb 20, 2025

Banks contribute Rs72 billion to FBR under new income tax ordinance

During the session, Finance Minister Muhammad Aurangzeb underscored the government’s commitment to increasing the taxation on bank profits to meet its financial requirements, stating, “Banks must contribute to supporting the government.”

Business

Web Desk Karachi
Jan 28, 2025

93.7pc of property transactions in Pakistan below Rs5 million: FBR

Of the total transactions for the 2023-24 fiscal year, only 3,250 (or 0.2 percent) exceeded a taxable amount of Rs50 million, while transactions valued at up to Rs5 million accounted for 1,589,328 (93.7 percent) of the total.

Business

Web Desk Karachi
Jan 13, 2025

FBR Chairman vows to collect Rs13,500 billion, slams tax evading culture

He also condemned the pervasive culture of tax evasion in the country, pointing out that those advocating for reforms in the system are often the very individuals who are evading tax payments.

Banks contribute Rs72 billion to FBR under new income tax ordinance

93.7pc of property transactions in Pakistan below Rs5 million: FBR

FBR Chairman vows to collect Rs13,500 billion, slams tax evading culture

Power minister orders inquiry into out-of-merit electricity purchases by DISCOs

Peru defence minister resigns after delay in F-16 fighter jet purchase

Zalmi vs Kings: Peshawar Zalmi crush Karachi Kings by 7 wickets to retain top PSL spot

Islamabad on edge as Red Zone stays closed, other routes reopen

Iran seizes two vessels in Strait of Hormuz amid escalating tensions