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Articles for tag: Govt, imposes, increase, levy, revenue, RS10BN

July 20, 2025

News Desk

Govt imposes new EV Levy to increase RS10BN revenue in revenue

This representation picture shows a charging port on an electric vehicle on February 13, 2019 – Reuters 1% levy for cars below 1300cc. 2% Levy Targets 1300cc to 1800cc Vehicles. Cars over 1800cc to pay 3% EV Levy. Islamabad: The government has notified the imposition of the energy adoption levy on both locally constructed and imported vehicles, with the aim of increasing 10 billion Rs to support the promotion of electric vehicles (EVS) in the country, The news reported. According to a notification issued by the Federal Revenue Council (FBR) in accordance with the first program of the funding law,

July 5, 2025

News Desk

The ‘institutional complacency’ is not tolerated to achieve revenue goals: PM

Prime Minister Shehbaz Sharif predicted a high-level meeting on digitization and reform agenda of the Federal Revenue Council at the Islamabad Prime Minister on July 2, 2025.-PID The Lauds Prime Ministers to achieve the historical increase in revenue. He teaches FBR to deal with taxpayers with dignity and respect. The revenue ratio to GDP reaches 11.3%, a 1.5% increase over last year. Prime Minister Shehbaz Sharif warned that no institutional complacency would be tolerated when fulfilling the revenue and financial targets set for new use, saying he will personally monitor the progress of revenue collection and the implementation of basic

June 20, 2025

News Desk

Malaysia falls charges associated with revenue of revenue from illegal activities by 1MDB against ex-pm najib

Prison officials accompany former Malaysian Prime Minister Najib Razak, as the imprisoned politician leaves the court during the interruption of proceedings in Kuala Lumpur, Malaysia, on April 4, 2024. – Reuters EX-PM’s lawyer says the prosecution can submit the charges. Najib “no longer has” he has a sword of Damocles hanging over his head. He still waits for a verdict in the biggest trial he is facing. Kuala Lumpur: The Supreme Court of Malaysia has released, but has not been acquitted, former Prime Minister Najib Razak has been imprisoned on charges of money laundering in a long -standing case involving

June 12, 2025

News Desk

FBR to boost tax revenue through enforcement measures, says Langrial

The president of the Federal Revenue Council (FBR), Rashid Mahmood Langrial, is aimed at an event. – Website/Archive of the National University of Defense Poultry, beverage areas to deal with enforcement measures: Langrial. “Priority list prepared to improve the imposition in various areas.” The head of FBR admits that the wage class has a more tax burden on the country. The President of the Federal Revenue Council (FBR), Rashid Mahmood Langrial, said on Wednesday that the imposition measures would be extended to other areas after the country has attended a positive result of similar sugar actions. His statement came a

May 15, 2025

News Desk

Online purchases may soon be taxed as Govt seems to broaden the revenue base

A representation picture of e -commerce. – Reuters/file IMF talks focus on spending cuts, the highest tax revenue. Electronic markets are regarded as basic unused sources of tax revenue. FBR can impose platforms for collection, sales tax deposit. ISLAMABAD: The government is considering various measures to bring e-commerce under the umbrella of taxation on the upcoming budget 2025-26, with the aim of exploiting the rapidly growing digital retail sector, The news reported on Tuesday. Employees evaluate multiple approaches to increasing revenue from online markets, which have become a common part of consumer behavior, especially among medium and higher income households

May 4, 2025

News Desk

Balochistan denied proper share in the revenue of Gwadar port

A Pakistani Navy stands a guard near a ship at the port of Gwadar. – AFP/file The Chinese enterprise controls port businesses. Port entities set 9-15% in the GPA. Cm bugti to raise the issue with Islamabad. The GWADAR Port Authority (GPA) officially informed the Backed Government that the province is not receiving any stock from the Gwadar port, despite the strategic and economic importance of the port in the area. According to a letter sent by the GPA and presented at the Bomish Assembly, the operational control of the Gwadar port lies in the Chinese portfolio company abroad. The

March 20, 2025

News Desk

PCB claims to revenue from Champions Trophy, denies financial loss reports

Pakistani Council spokesman (PCB), Aamir Mir and Chief Financial Officer (CFO), Javed Murtaza, rejected the financial loss reports from the hospitality of Trophy Champions, stating that the tournament has contributed significantly to the revenue of the Board of Directors. Speaking at a press conference, PCB representatives rejected the claims made to Indian media, arguing that the Board of Directors won 3 billion Rs from the event. “All costs for the tournament were covered by the ICC,” Mir said. “PCB has generated revenue from gate money and ticket sales and after checking. The spokesman said the original target of Rs 2

March 14, 2025

News Desk

PM seeks the contribution of the business community to reform the system to strengthen tax revenue

Prime Minister Shehbaz Sharif meets the Presidents of the Chamber of Commerce in Islamabad on March 12th 2025. – PID Everyone has to work together to develop the economy: PM. Govt taking every possible measure to facilitate the business community. Laud of Laud of Coalition Coalition Economic stability measures. Islamabad: Prime Minister Shehbaz Sharif has requested proposals from the business community for system reforms to boost state tax revenue, The news reported on Thursday. In a meeting with the Presidents of various Chambers of Commerce, the prime minister said that achieving economic stability was the first step and had begun

March 9, 2025

News Desk

High rates hurt revenue?

Listen to the article Islamabad: Pakistan has set an extremely ambitious tax revenue target of RS13 trillion in 2024-25, which was declared unrealistic by most analysts. Located below the Clock of the International Monetary Fund (IMF), this revenue target is now to be significantly revised, almost offsetting the current deficit of 600 billion Rs. Economic growth is still low, and the inflation rate entitled has decreased more intense and deeper than one’s imagination. Are we witnesses of the Lafffer effect? Pakistan’s tax rates are already one of the highest in South Asia and relatively high worldwide, with GST rates in

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