Tax
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Pakistan
Pakistan Sets Strict Tax Collection Targets to Curb Cash Economy Under IMF Pressure
**Islamabad:** The federal government has decided to reduce the cash economy and increase documentation under pressure from the International Monetary…
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Pakistan
PM Orders Reduction in Tax Rate for Salaried Class
Islamabad (Qudrat Daily) — Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has announced that Prime Minister Shehbaz Sharif…
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World
UK Introduces New Sugar Tax to Combat Obesity Crisis
The United Kingdom has launched a new set of measures aimed at tackling rising obesity rates, announcing a sugar tax…
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Business
Pakistan Government Increases Withholding Tax for Non-Filers, Raises Limit to 75,000 Rupees
In a recent move aimed at increasing tax revenue, the Pakistani government has raised the withholding tax rate on cash…
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Pakistan
Salaried Class Leads in Tax Contributions with PKR 499 Billion Paid in 11 Months
The salaried class in Pakistan has emerged as the highest contributor to tax payments during the first 11 months of…
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Business
Pakistan Considers 2% Tax Hike on Profit Income from Bank Deposits, Savings Schemes in Upcoming Budget
ISLAMABAD:In an effort to provide **relief to salaried individuals and other sectors** under the supervision of the International Monetary Fund…
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Pakistan
No New Tax on Solar Panels; 25% Income Tax Relief Announced for Teachers: FBR Chairman
ISLAMABAD:Chairman of the Federal Board of Revenue (FBR), Rashid Mehmood Langrial, has clarified that no decision has been made to…
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Business
Islamabad: Despite an Increase in Tax Rates, FBR Collects Rs. 169 Billion from Property Transactions
The Federal Board of Revenue (FBR) has collected Rs. 169 billion in withholding tax (WHT) on real estate transactions during…
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Business
IMF Reduces Pakistan’s Annual Tax Collection Target by 64 Billion Rupees
Islamabad:The International Monetary Fund (IMF) has reduced Pakistan’s annual tax collection target by 64 billion rupees. According to sources, the…
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Business
IMF Rejects Request for Tax Exemption on International Investment Projects by SFIC
Islamabad:The International Monetary Fund (IMF) has rejected the request made by the Special Investment Facilitation Council (SFIC) for tax exemptions…
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