Prime Minister Yousuf Raza Gilani paid a tax of  Rs82,973 during 2008-09. The annual declaration of assets filed by the PM to the Election Commission did not mention the liabilities of Rs45 million ...

Pakistan has dismissed the World Bank pressure for implementing the tax administration reforms saying the government is already in the process of taking steps in this direction. Finance Secretary Salman Siddiqui has ...

The federal cabinet gave on Wednesday a go-ahead to levy at least two new taxes in the next budget to increase revenue. The decision was taken at a meeting of the cabinet presided over by Prime Minister ...

In a move which will have severe repercussions for Pakistan’s rice exports, India has scrapped its export tax on basmati rice and cut the floor price for overseas shipments, the trade minister said, as the government cautiously ...

One of the major revenue generation measures would be the ambitious target of over and above Rs 150 billion for withholding tax (WHT) during the remaining months of the current fiscal year. Sources told Business Recorder on ...

Tax recovery during the first four months of the current fiscal year increased by 28 percent. Statistics made available here showed that the total revenue on account of taxes during July-October of the current fiscal year-2008 aggregated to ...