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Finance Bill Likely to be Tabled Before Senate Tomorrow

President of Pakistan, Dr. Arif Alvi, has convened a session of Senate at the Parliament House on Tuesday at 4:00 pm, according to a notification.It is expected that the Finance Supplementary Bill 2021 and the State Bank of Pakistan (Amendment) Bill 20…

K-Electric Tariffs Expected to Rise by Rs. 4.8 Per Unit

The cost of quarterly adjustments for Karachi is expected to be as high as Rs. 4.80 per unit.National Electric Power Regulatory Authority (NEPRA) reserved its decision after hearing K-Electric’s request for an increase in the per-unit price of electric…

Ministry of Finance Reveals Progress on IMF Loan Program

The Ministry of Finance has issued an official clarification in response to a news article published in daily Dawn, titled “Govt in no hurry to pass mini-budget before IMF meeting.”In a short statement, the Finance Ministry remarked that the article is…

FBR to Audit Hascol and Its Senior Management

The Federal Board of Revenue (FBR) has decided to initiate an audit of income and sales tax along with related financial affairs of Hascol Petroleum Limited and its top management.According to a report by Business Recorder, the inspection or audit of t…

Here’s How Much PM Imran Khan Paid in Taxes in 2019

Prime Minister Imran Khan has paid Rs. 9.85 million in taxes, according to official numbers. Opposition leader Shahbaz Sharif paid Rs. 8.2 million in taxes. Asif Ali Zardari paid Rs. 2.2 million, while Bilawal Bhutto Zardari paid just Rs. 0.535 million…

FBR Launches Parliamentarians’ Tax Directory for 2019

The Federal Board of Revenue (FBR) launched the Parliamentarians’ Tax Directory for Tax Year 2019 in a special ceremony organized at FBR Headquarters on Monday.Federal Minister for Finance and Revenue, Shaukat Fayaz Ahmed Tarin, who was the chief guest…

Here’s How Much Income Tax CM Usman Buzdar Paid in 2019

The Chief Minister of Punjab, Usman Buzdar, has just paid Rs. 2,000 in tax out of a total income of Rs. 0.938 million.According to a revised tax directory issued in principle by the Federal Board of Revenue (FBR), Buzdar has just paid Rs. 2,000 in tax …

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