With a four-year delay, the Federal Board of Revenue has set a July 1 deadline to implement the decision to connect professional services online with tax machinery across the country. The first draft rules for the plan were published on Dec 22, 2023. These proposed rules were later changed by another notification SRO428 of 2024, which established a precise time frame for implementing the decisi
Prime Minister Shehbaz Sharif while taking notice of delays in the implementation of Trace and Track System (TTS) in tobacco, sugar, cement and fertilizer industries on Monday ordered immediate action against tax defaulters and evaders. The premier issued directives to the authorities concerned to form a committee to identify the hurdles in the implementation of TTS and those involved in tax th
Adviser to the Khyber Pakhtunkhwa chief minister on finance Muzzammil Aslam on Monday raised an alarm, warning that the new IMF bailout package, laced with “harsh conditions”, would unleash a tsunami of inflation and exacerbate public suffering. The PTI leader suggested the government refrain from hastily signing an agreement with the lender and instead involve the federating units to negotiat
ISLAMABAD: The review of IMF’s standby arrangement (SBA) is complete, and Pakistan is now seeking another IMF programme with the aim of “permanently resolving its fiscal and external sustainability weaknesses, strengthening economic recovery, and laying the foundations for a strong, sustainable, and inclusive growth”. This is expected to be the 25th IMF programme. Can an IMF programme “perma
Chief Executive Officer, Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari on Saturday showed his interest in increasing the footprint of the fund in Pakistan’s power generation and housing sectors. Both the countries would further enhance bilateral cooperation by initiating technical level discussions, according to a press statement issued by the Economic Affairs Division. A QFFD