Pakistan News

    Deloitte 10K Run Hyderabad 2016 Tax

  • Younis chasing 10K landmark as Pakistan lose both openers

    KINGSTON: Pakistan lost both openers and reached 59-2 at lunch with Younis Khan at the crease after West Indies were bowled out for 286 on the third day of the rain-hit first Test on Sunday...

    Captain Jason Holder had Ahmed Shehzad (31) leg before wicket off a sharp incoming delivery while Azhar Ali (15) chased Alzarri Joseph’s wayward ball and was smartly caught by diving wicketkeeper Shane Dowrich
  • Iceland want Leicester-type ending to their Euro 2016 run

    ANNECY: Surprise Euro 2016 quarter-finalists Iceland want a fairytale ending to their run, like the one that Leicester City enjoyed when they stunned the football world by clinching the Premier League title this season, team coaches said on Wednesday...

    Published in Dawn, June 30th, 2016...

  • US Vice President Joe Biden says no to 2016 run for president

    WASHINGTON: United States Vice President Joe Biden said on Wednesday he would not run for president in 2016, ending months of indecision and removing one of Democratic front-runner Hillary Clinton's biggest potential obstacles to the party's nomination...

    Biden, who had been pondering a run since August, appeared in the White House Rose Garden with wife Jill and President Barack Obama to say the window for mounting a successful...

  • Citizens unhappy with hefty increase in Karachi-Hyderabad toll tax

    KARACHI: While the Karachi-Hyderabad motorway is still in the process of completion, authorities have increased the toll tax manifold on the ground that the Superhighway, as it was previously called, has now become a part of the countrywide network of motorways...

    Previously, the toll tax for a car going from Karachi to Hyderabad was Rs30...

  • Nearly half corporate taxpayers paid no tax in 2016

    ISLAMABAD: The flaws in the country’s weak tax system have been further exposed following the revelation that over 15,000 corporate taxpayers paid no taxes to the Federal Board of Revenue’s (FBR) Inland Revenue department in the tax year (TY) 2016Though 15,116 companies filed tax returns, which accounts for just over 49pc of all corporate returns filed this year, they paid zero taxes, according to official documents...

    2 million...

  • Tax evasion, fraud of Rs76bn detected in 2016

    ISLAMABAD: The tax machinery detected 1,544 cases involving tax evasion, concealment and fraud of Rs76 billion in 2016, an official document shows...

    I am positive that the trend of substantial growth in performance and achievement will continue in coming years,” said Tanveer Ahmad, director general of the Directorate General Intelligence and Investigation-Inland Revenue, which is the country’s premier anti-tax evasion and...

  • KP’s largest bus terminal being run without tax collection contract

    PESHAWAR: Auction for the tax collection contract of the largest general bus stand of the province in Peshawar couldn’t be held for the last over two years because of irrational terms and conditions set by the local government department, according to sources...

    Officials in the LG department said that even the contractors were not ready to participate in the bidding for auction of the bus stand tax contract as the Town-I...

  • No new tax on existing tax-payers: FBR chief

    ISLAMABAD: The government unveiled on Wednesday outline of next year’s federal budget, envisaging tax target of Rs3...

    Federal Board of Revenue Chairman Tariq Bajwa said that the burden of taxes would not be increased on tax compliant people...

  • 'One nation, one tax': Indian parliament passes landmark tax reform bill

    NEW DELHI: India's upper house of parliament on Wednesday passed a landmark tax reform bill that will pave the way for the introduction of a new national sales tax, creating a common market across the country for the first time...

    After hours of debate, lawmakers unanimously voted in favour of introducing the long-awaited Goods and Services Tax (GST) after Prime Minister Narendra Modi's government reached a consensus with the Congress...

  • Widening tax net: Nawaz launches Voluntary Tax Compliance scheme

    ISLAMABAD: Prime Minister Nawaz Sharif has urged the business community to pay taxes transparently for greater development and prosperity, through the launch of the Voluntary Tax Compliance scheme...

    "Finance Minister Ishaq Dar on Monday directed the Federal Board of Revenue (FBR) to further improve the draft Voluntary Tax Compliance scheme in order to attract maximum number of new taxpayers and achieve the aim of broadening the tax...

  • Weak personal income tax compliance affecting tax culture in Pakistan: report

    ISLAMABAD: A new United Nations report says that the weak personal income tax (PIT) compliance in Pakistan poses serious questions about the accountability and fairness of the system and this in the long run casts a shadow on the efforts to create conducive tax culture in society...

    The importance of closing the per­sonal income tax loopholes exploited by the rich should not be overlooked, says the report released by the United...

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