Pakistan News

    Tax Collection Performance In Pakistan Karachi

  • Strategy chalked out to increase tax collection

    PESHAWAR: The Khyber Pakhtunkhwa’s Medium Term Inclusive Growth Strategy 2015-18 is aimed at making substantial efforts by the provincial government for generating revenue to increase provincial tax from the current 0...

    It says that tax revenue of the province stood at Rs13 billion in 2013-14, about 0...

  • Petroleum products contribute 44pc to sales tax collection

    ISLAMABAD: Petroleum pro­ducts were the top revenue spinner of domestic sales tax, contributing around 44 per cent (or Rs233...

    However, sales tax collection was concentrated in few commodities as 10 major items, including POL (petrol, oil and lubricants) and natural gas, shared 73pc of the total domestic sales tax...

  • Sales tax collection from petroleum products falls

    ISLAMABAD: The Federal Board of Revenue witnessed Rs8 billion decline in sales tax collection from petroleum products during the first half of this fiscal year from a year ago because of lower oil prices...

    On the basis of this assumption, an approximately Rs68bn revenue loss impact has been calculated for the whole fiscal year by the tax officials...

  • Collection of professional tax rises to Rs264m

    KARACHI: Final notices have been issued to the public and private limited companies and modarabas that owe millions of rupees in professional tax to the Sindh government...

    These defaulters have been asked to clear tax dues by June 30 or face action under the Sindh Land Revenue Act...

  • Sindh govt’s focus on tax collection rather than new taxes: CM

    KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Saturday said his government was working hard to improve the efficiency of revenue collecting institutions instead of imposing new taxes to strengthen financial health of the province...

    “Instead of imposing new taxes my efforts are to improve the tax collection system,” said Mr Shah while presiding over a meeting to discuss matters pertaining to the coming budget and resource...

  • Dar asks FBR to meet tax collection target

    ISLAMABAD: Finance Minister Ishaq Dar asked the Federal Board of Revenue (FBR) on Wednesday to take all necessary measures to meet the tax collection target for 2016-17...

    Chairing a meeting at the FBR about the state of tax revenue collection, the minister also assured the board of his support for achieving the next year’s target...

  • Tax collection surges 30pc in 15 days

    ISLAMABAD: The revenue collection recorded a growth of over 30 per cent in the first 15 days of 2017-18...

    Tax officials have lately been busy with the JIT and Supreme Court proceedings instead of focusing on revenue policies...

  • The two-speed tax collection

    Provincial taxation has a huge potential in two — yet to be fully realised — areas: the sales tax on services sector which shares nearly 60pc of the country’s gross domestic product; and tax on farm incomes with agriculture that accounts for close to 20pc of the GDP...

    The provinces have outperformed the Federal Board of Revenue in collecting sales tax on services, showing how some taxes can be better collected at the sub-national...

  • Contractor, Afghan official trade charges over tax collection

    Fruit and vegetable contractor Ejaz Afridi told reporters at the Peshawar Press Club that Afghan traders faced difficulties due to the imposition of many taxes, including tribal tax, gate pass, loading and unloading tax, municipal tax, transit trade tax etc...

    He said the issue was raised with relevant authorities for action against the collection of illegal taxes from Afghan traders...

  • Slack in KP tax collection

    REVENUE collection in Khyber Pakhtunkhwa has not gone much beyond Rs20bn, mainly because of the provincial government’s weak fiscal governance, with the maximum contribution coming from the general sales tax on services...

    As a result, the share of provincial tax revenue is stuck at a dismal low of 0...

  • IT project helps Punjab identify 2,000 businesses for tax collection

    LAHORE: The Punjab Excise and Taxation Department identified 2,000 new commercial units and professional businesses in the city district in the last two and half months with the help of its newly launched pilot IT project to plug loopholes in manual collection, check tax evasion and tap more tax...

    The department’s annual target of professional tax collection for financial year 2015-16 is Rs800 million from around 1...

  • FBR’s city-wise tax collection

    72bn in direct taxes collected by the Federal Board of Revenue in 2014-15 came from three cities — Karachi, Lahore and Islamabad — counted among the country’s most developed urban centres...

    The combined population of the three cities is a little over 30m of Pakistan’s total estimated population of 190m...

  • Balochistan to focus on boosting tax collection

    QUETTA: The Balochistan government has decided to thoroughly exercise the powers delegated to it under the 18th constitutional amendment in order to increase revenue collection and achieve development targets...

    The decision was taken on Friday in a high-level meeting chaired by Chief Minister Nawab Sanaullah Khan Zehri to review the sources of income, increase in revenue collection and other related issues...

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