The Need for Tax Simplification

Taxation is a very important tool that is used to meet the expenditures of a country. The tax system in Pakistan is very complex and it operates in a hybrid system i.e. FBR (Federal Board of Revenue) collects taxes on goods while provinces are responsible for providing services for tax collection.

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How Pakistan can increase tax income

The general consensus amongst many financial analysts and economists is that Pakistan’s tax net is extremely small, which means that the amount of tax that the state should be receiving is very little compared to what it can receive.

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NAB arrests Aleem Khan

The National Accountability Bureau (NAB) on Wednesday arrested Senior Punjab Minister Aleem Khan for owning assets beyond his known sources of income and an offshore company.

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Duty payment system on mobile phones initiated

The government today issued new procedures for regularization and registration of unregistered mobile phones through a system of paying duties and taxes online.

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Pakistan assures IMF of tax collection

Business Desk Pakistan has assured the IMF that it will increase its tax net to include revenues from Pakistani residents

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Q1 shows no hope in rise of revenue. Falls Rs56 billion short of target

Business Desk Tax collection has proven to a bane for the government yet again with the tax target falling far

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