Pakistan Taxes
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World Bank Asks Pakistan To Bring Tax Reforms, Remove Sales Tax Exemptions
The World Bank has asked the Pakistani government to make tax reforms and remove the exemptions on duties and sales tax, Pakistan-based ARY News reported.
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Pakistan Aims To Generate Billions In New Taxes To Help Seal IMF Deal
Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.
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Imran Khan Gets Luxury Tax Notice Worth Lakhs For Lahore House
Pakistan's former premier Imran Khan received on Monday a luxury tax notice of PKR 14 lakh for his Lahore residence from the Punjab provincial government, media reports said.
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Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
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Pakistan Must Do More To Ensure Foundation For Strong Growth: IMF Managing Director
Pakistan has to do more to ensure that the foundation for strong growth is in place, taxes are collected and are fairly distributed, and those who have more, pay more, IMF Managing Director Kristalina Georgieva has said.
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Pakistan Hikes Tax On Luxury Goods And Services To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
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"Function As A Country," IMF Tells Cash-Strapped Pakistan
Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund has said, amid looming fears of a default.
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Pak Minister Says Will Impose 170 Billion In Taxes As IMF Deal Stuck
The Pakistan government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme, Finance Minister Ishaq Dar said on Friday
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"At End Of Road": Pak Stares At Economic Collapse As IMF Officials Visit
Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of elections due in October.
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Pak To Impose Taxes Worth Rs 200 Billion To Comply With IMF Terms: Report
Pakistan has prepared two draft ordinances to impose Rs 200 billion in new taxes, days after it accepted International Monetary Fund's (IMF) demands to resume a stalled loan programme, an official said on Saturday, reported Dawn.
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People Behind Leak Pak Army Chief's Tax Records Identified: Report
Assuring a "logical conclusion" for the report related to the leak of Army chief General Qamar Javed Bajwa's income tax records, Finance Minister Ishaq Dar shared that people behind the leak have been identified.
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IMF Agrees To Resume Pakistan Loan After Fuel, Tax Hikes
The International Monetary Fund (IMF) said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
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Pakistan Stock Exchange Sinks Over 2,000 Points On "Super Tax"
The Pakistan Stock Exchange plunged by more than 2,000 points or nearly 5 per cent in just 22 minutes of manic trade at noon on Friday after Prime Minister Shehbaz Sharif announced a new "super tax" on large-scale industries that spooked investors.
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Pakistan To Ban Officials From Buying New Cars To Secure IMF Bailout
Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit.
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3 J&K Businessmen Raided For Alleged Trade With Pak, Hiding Income
The Income Tax Department on Wednesday conducted raids against three "prominent" businessmen based in Srinagar and Kupwara in Jammu and Kashmir on charges of tax evasion linked to the cross-border trade with Pakistan, which was suspended by India last year, officials said.
-
World Bank Asks Pakistan To Bring Tax Reforms, Remove Sales Tax Exemptions
The World Bank has asked the Pakistani government to make tax reforms and remove the exemptions on duties and sales tax, Pakistan-based ARY News reported.
-
Pakistan Aims To Generate Billions In New Taxes To Help Seal IMF Deal
Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.
-
Imran Khan Gets Luxury Tax Notice Worth Lakhs For Lahore House
Pakistan's former premier Imran Khan received on Monday a luxury tax notice of PKR 14 lakh for his Lahore residence from the Punjab provincial government, media reports said.
-
Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Pakistan Must Do More To Ensure Foundation For Strong Growth: IMF Managing Director
Pakistan has to do more to ensure that the foundation for strong growth is in place, taxes are collected and are fairly distributed, and those who have more, pay more, IMF Managing Director Kristalina Georgieva has said.
-
Pakistan Hikes Tax On Luxury Goods And Services To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
"Function As A Country," IMF Tells Cash-Strapped Pakistan
Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund has said, amid looming fears of a default.
-
Pak Minister Says Will Impose 170 Billion In Taxes As IMF Deal Stuck
The Pakistan government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme, Finance Minister Ishaq Dar said on Friday
-
"At End Of Road": Pak Stares At Economic Collapse As IMF Officials Visit
Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of elections due in October.
-
Pak To Impose Taxes Worth Rs 200 Billion To Comply With IMF Terms: Report
Pakistan has prepared two draft ordinances to impose Rs 200 billion in new taxes, days after it accepted International Monetary Fund's (IMF) demands to resume a stalled loan programme, an official said on Saturday, reported Dawn.
-
People Behind Leak Pak Army Chief's Tax Records Identified: Report
Assuring a "logical conclusion" for the report related to the leak of Army chief General Qamar Javed Bajwa's income tax records, Finance Minister Ishaq Dar shared that people behind the leak have been identified.
-
IMF Agrees To Resume Pakistan Loan After Fuel, Tax Hikes
The International Monetary Fund (IMF) said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
-
Pakistan Stock Exchange Sinks Over 2,000 Points On "Super Tax"
The Pakistan Stock Exchange plunged by more than 2,000 points or nearly 5 per cent in just 22 minutes of manic trade at noon on Friday after Prime Minister Shehbaz Sharif announced a new "super tax" on large-scale industries that spooked investors.
-
Pakistan To Ban Officials From Buying New Cars To Secure IMF Bailout
Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit.
-
3 J&K Businessmen Raided For Alleged Trade With Pak, Hiding Income
The Income Tax Department on Wednesday conducted raids against three "prominent" businessmen based in Srinagar and Kupwara in Jammu and Kashmir on charges of tax evasion linked to the cross-border trade with Pakistan, which was suspended by India last year, officials said.
