The Federal Board of Revenue (FBR) has announced plans to launch a nationwide crackdown against wealthy individuals suspected of tax evasion and misdeclaration of assets […]
Tag: Tax
FBR Audit Capacity: Recruitment of 1,600 Auditors to Strengthen Tax System
The Federal Board of Revenue (FBR) has announced a major step toward strengthening its tax enforcement mechanism by enhancing FBR audit capacity. To achieve this, around 1,600 new auditors will be recruited
High Court Halts FIA Stop List: Contempt Petition Filed Against FBR Officials
The High Court recently heard a contempt of court petition against FBR officials regarding the imposition of travel restrictions in a high-profile tax fraud case involving fashion designer Naomi Ansari. The case has drawn significant
YouTuber Dikki Bhai Case: Cybercrime Investigation and Money Laundering Allegations
The YouTuber Dikki Bhai case has recently caught national attention as Saad-ur-Rehman, popularly known as Dikki Bhai, faces serious allegations of money laundering. Judicial Magistrate Naeem Wattoo extended
Colombia halts coal exports to Israel over Gaza war.
Colombia’s coal exports fell by nearly half in July compared to the same month last year, official data revealed Wednesday, as the country grapples with […]
G20 Launches Extraordinary Committee to Address Global Wealth Inequality
Global Wealth Inequality has officially taken center stage at the world’s most influential economic forum, following the announcement of an “Extraordinary Committee of Independent Experts
11th National Finance Commission: President Zardari Approves New Member for NFC
The 11th National Finance Commission (NFC) has officially undergone a major development as President Asif Ali Zardari approved a change in its composition. This decision came after the Government of Balochistan
FBR’s New Tax Rules Target Pakistan’s Online Businesses
The FBR tax rules for online business are undergoing major changes as the Federal Board of Revenue (FBR) has issued a draft amendment to the Income Tax Rules 2002. This move is designed to bring Pakistan’s rapidly growing digital economy under the tax net and ensure compliance
Pakistan GDP Growth Likely to Miss Target, Warns SBP
The Pakistan GDP growth outlook for the current fiscal year appears weaker than government expectations, with the State Bank of Pakistan (SBP) projecting a slower expansion than the officially targeted 4.2%