Mubarak Zeb Khan

Senate panel terms budget against national interests

Says IMF-driven taxation measures to fuel inflation as almost all essentials to get costlier. Updated 23 Jun, 2024 12:34pm

Weekly inflation posts fourth consecutive increase

Finance Bill 2024 proposes a series of indirect taxes expected to fuel inflation in the coming weeks. Updated 22 Jun, 2024 07:57am

Senate body against hiking sales tax rates for retailers

Opposes raising taxes on stationery, hospital equipment; Shibli Faraz denounces additional taxes on salaried class. Updated 22 Jun, 2024 10:16am

Senate panel grills FBR chief over ‘punitive taxation’

Vawda spars with Zubair Tiwana over tax hike on imported cars; telecom sector unhappy with SIM-blocking policy. Published 21 Jun, 2024 07:57am

FBR devises new appeal system for tax disputes

Extends deadline to Sept 16 for transferring pending cases to ATIR. Updated 20 Jun, 2024 07:43am

Textile exports surge 18pc in May

However, textile and clothing exports posted a paltry growth of 1.41pc to $15.24bn in 11MFY24. Published 16 Jun, 2024 07:03am

Analysis: Ignoring inflation won’t make it go away

The aggressive taxation regime the govt seeks to put in place makes keeping inflation down to 12pc in next FY seem like an unachievable target. Updated 16 Jun, 2024 09:37am

LSM records fifth straight expansion

Big industry production contracts month-on-month in April Published 15 Jun, 2024 07:39am

Drug prices to rise as 18pc sales tax imposed on raw materials

Decision will also make surgeries, equipment more expensive. Published 14 Jun, 2024 07:53am

Sweeping tax measures target salaried class, real estate and other assets

Govt expects to net Rs1.76tr from new measures; significant increase in tax rates for the salaried; new tax rates for property transactions. Updated 13 Jun, 2024 08:17am

Economic Survey 2023-24: Pakistan loses a record Rs3.9tr to tax exemptions

Cost of tax breaks climbs for sixth consecutive year; surge comes mainly due to Rs1.338tr waiver on domestic, imported petroleum products. Updated 12 Jun, 2024 10:32am

Situationer: Ambitious taxation target: tall order for a low-growth economy

Taxing "all sectors, all sources of income" will take more than just prudent planning. Updated 12 Jun, 2024 08:10am

Govt allows sugar export

Commerce minister informs National Assembly no decision has been made. Updated 11 Jun, 2024 08:10am

Situationer: Govt walks tightrope as IMF demands tough adjustments

Since 2018, Fund has shifted its focus from budget deficit to ‘primary balance’. Updated 09 Jun, 2024 11:14am

Budget 2024-25: KP seeks inclusion of 91 projects in PSDP

KP CM sends letter to PM Shehbaz; the estimated throw-forward cost for these projects is Rs1.327 trillion. Updated 09 Jun, 2024 11:04am

Tomato, onion fuel weekly inflation

There appears to be a strong emphasis on indirect taxes, particularly sales taxes, in the upcoming budget. Updated 08 Jun, 2024 07:59am

FBR to miss FY24 target by Rs175bn ‘due to stay orders’

Govt plans to raise tax rates and withdraw exemptions. Updated 07 Jun, 2024 09:11am

32 MoUs signed with Chinese firms

Board of Investment minister Aleem Khan and commerce minister Jam Kamal meet with CEOs of major Chinese enterprises. Updated 06 Jun, 2024 08:56am

FBR busts network of tax fraudsters

Fake invoices cause loss of over Rs21bn to national kitty. Updated 05 Jun, 2024 08:49am

Inflation falls to 30-month low of 11.8pc in May

Records month-on-month decline of 3.2pc, largest in 47 years Published 04 Jun, 2024 07:23am