New Delhi, Jan 27 (IANS) Tax evasion in the real estate sector is bleeding Pakistan’s national exchequer roughly Rs 500 billion annually, illicit tobacco is costing another Rs 310 billion, and multiple consumer goods industries are operating outside the documented economy, leading to an annual revenue loss for the government of a staggering Rs 1 trillion, an article in the Pakistani media said.An article in the Karachi-based Business Recorder highlights that tax evasion and smuggling on this m…
Latest Federal Board of Revenue News & Updates
Islamabad, Dec 27 (IANS) Pakistan-occupied Gilgit-Baltistan (PoGB), facing distinct civic challenges and lagging development, has been administered without local bodies for two decades, a report cited on Saturday. According to the report, decades of neglect in the PoGB’s public health system have left the region without adequate health facilities, functioning laboratories, life-saving equipment, and doctors.”People in many cases, take patients to what they call ‘down country’ for treatment, putt…