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Business

Web Desk
Nov 01, 2024

FBR expects Rs130b tax collection deficit, mini-budget required

Such a huge gap can jeopardise Pakistan’s ability to receive the next installment of financial handout from the IMF.

Business

Web Desk
Oct 01, 2024

FBR exceeds revenue expectations in September, narrowing previous shortfall

The Federal Board of Revenue recorded revenue collection of Rs1.10 trillion in September, which is expected to help address earlier shortfall.

Business

Web Desk
Sep 03, 2024

FBR may increase WHT rates if September collection falls short

The Federal Board of Revenue (FBR) is considering a one per cent increase in withholding tax (WHT) rates starting from October, if it fails to meet its revenue targets for the ongoing month of September.

Business

Web Desk
Jul 13, 2024

FBR falls short of tax collection target by Rs100 billion in FY 2023-24

The Federal Board of Revenue (FBR) has announced a total collection of Rs9.3 trillion for the fiscal year 2023-24.

Business

Web Desk
Dec 13, 2023

SNGPL appeals for gas price hike amidst revenue shortfall projections

Sui Northern Gas Pipelines Limited (SNGPL) has formally requested the Oil and Gas Regulatory Authority (OGRA) for an upward revision in its average prescribed gas price, proposing an increase of Rs506.35 per MMBTU, effective July 1, 2023.