The government has extended the deadline for filing income tax returns for the tax year 2024 until October 31, providing an opportunity for those who did not file their returns before October 14. The previous deadline was October 14, but banks in Islamabad and Rawalpindi were closed for three days, causing issues for taxpayers who completed their returns, Federal Board of Revenue Chairman
The government is preparing a transformation plan for all public sector universities to become self-sustainable corporate entities. This plan aims to free up public resources for investment in compulsory and elementary education, based on the advice of international lending agencies. Informed sources told Dawn that the Ministry of Finance has engaged with relevant stakeholders — the Higher Educ
Russia, which chairs the Brics group this year, has called on its partners to create an alternative to the International Monetary Fund (IMF) to counter political pressure from Western nations ahead of the Brics summit later this month. Russian Finance Minister Anton Siluanov, who is hosting the meeting, said the global financial system is controlled by Western countries and that the group, whic
The Intelligence and Investigative Department of the Federal Board of Revenue (FBR) has detained five people engaged in the issue of fake and flying invoices, which caused billions of rupees in losses to the national exchequer. The top tax authority has intensified its crackdown on the organised mafia and beneficiaries involved in sales tax fraud in accordance with the FBR’s enforcement initiat
Pakistan Stock Exchange (PSX) made a marginal recovery in late trading on Friday as it crept up 30 points due to a strong earnings outlook for banking and auto sectors. Earlier, trading got off to a positive start, with the KSE-100 index reaching its intra-day high of 85,750.18 points. However, the early momentum petered out as the index slipped below the 85,000 mark, hitting the intra-day low