According to the latest update, the Punjab PDWP has approved six development schemes and projects for various districts of Punjab. As per the most recent update, six development proposals, including emergency services, sports, roads and bridges, and irrigation sectors, are listed and have been approved by the P&D (Planning and Development Committee). Read More:...
The FBR (Federal Board of Revenue) has informed the IMF (International Monetary Fund) about the new tax policy. This includes a comprehensive strategy to register one million non-filers income tax returns using the Board’s central database and third-party data. The first meeting, which took place at the Ministry of Finance, was attended by the IMF technical team, FBR Chairman,...
According to the latest update, the Federal Board of Revenue (FBR) is planning to establish 145 district tax offices in Pakistan to expand the country's tax base. Finance Minister (FM) Shamshad Akhtar gave his approval to the action, which was labeled a restructuring measure. The FBR announced that district officers from across the country will be in charge of these offices....
The Federal Board of Revenue (FBR) has announced that non-filers will face disconnection of mobile SIM, electricity, and gas connections to hold them accountable. More than 250 FBR district revenue officers will handle this; they are in touch with gas, electricity, and phone companies directly to cut off the connection for those who do not pay taxes. The primary goal of the...
According to the latest update, Deputy Commissioner Capt. (Retd.) Shahmeer Iqbal said that work is underway on six highways as part of the Punjab government's city package aimed at modernizing Sialkot. According to sources, a meeting was held at the DC office on Tuesday, November 14, 2023, where Mir Iqbal stated that the estimated construction cost of these six highways is PKR...
In addition to the new administrative measures, the Federal Board of Revenue (FBR) plans to implement a versatile strategy, including notification to non-filers. As per news reports, FBR insiders have unveiled a bold plan to include one million people for tax relief at the start. Read More: Pakistan Plans To Launch Digital Currency To Stabilize Rupee After that, to expand this...
According to reports, the Pakistani government plans to launch a digital currency to stabilize the rupee and reduce currency printing costs. This plan will help stabilize the economy and facilitate financial transactions by increasing the value of the rupee. The digital currency will have the same value as the Pakistani rupee; for example, the Chinese digital currency unit is...
The Federal Board of Revenue (FBR) is launching an innovative online service within its updated 'IRIS' system, allowing citizens to pay their 1% tax or claim an exemption under Section 7E on immovable properties. Reportedly, the board has made two important announcements to the real estate industry to make property transactions more transparent and convenient. Read More: How...
vAccording to the latest reports, the Punjab Land Record Authority (PLRA) officially reported that 2.6 million land record transactions were processed between July 1, 2022, and March 1, 2023. In addition, as per the resulted report the payment of $11 billion in local taxes and services costs to the government. Read More: Punjab plans to launch an e-registration system for...
