New Delhi, April 8 (IANS) The shortfall in the Pakistan government’s revenues has emerged as the Achilles’ heel of the IMF Programme.These revenues are the cornerstone of Pakistan’s IMF loan agreements, focusing on aggressive tax expansion to meet revenue targets and secure funds. To align with the IMF’s $7 billion Extended Fund Facility (EFF), the FBR is pushing for a revised target of over Rs 13 trillion, including tough tax hikes, revenue reforms in agriculture, property, and increased …
Latest Tax Collection News & Updates
New Delhi, April 8 (IANS) While the International Monetary Fund (IMF) has asked Pakistan to remove subsidy on diesel as keeping prices of fuels below the market price violates the conditions that have been fixed for its loans to the cash-strapped country, Islamabad has, in brazen defiance of the norms, gone ahead with reducing the subsidy on petrol as well.“The prime minister’s Friday night dash to slash the petrol levy — undoing a massive price hike meant to fully pass on the global incre…
New Delhi, April 2 (IANS) Pakistan’s provincial governments have agreed to share the financial burden of a fuel subsidy announced by Prime Minister Shehbaz Sharif, as the country grapples with rising global oil prices triggered by the ongoing conflict in the Middle East, a report has said.The decision comes at a time when international petroleum prices have surged due to supply disruptions, with the conflict now entering its fifth week, according to a report by Business Recorder.While it remai…
Bengaluru, April 2 (IANS) Tax collection by gram panchayats in Karnataka has shown a consistent upward trend, with total collections reaching Rs 1,560.76 crore, Rural Development and Panchayat Raj, and Information Technology and Biotechnology Minister, Priyank Kharge, said on Thursday.He stated on Thursday in Bengaluru that the Rural Development and Panchayat Raj Department, through 5,943 gram panchayats across the state, has emerged as one of the best-performing in tax collection and revenue mo…
New Delhi, March 23 (IANS) At Rs 5,31,610, Delhi’s per capita income is estimated to be around 2.5 times higher than the national level during 2025-26, said the Economic Survey 2025-26 tabled by Chief Minister Rekha Gupta in the State Assembly on Monday. The report, presented on the opening day of the Budget Session, said that as per advance estimate the per capita income registered a growth of 7.92 per cent over 2024-25.The survey noted that Delhi has maintained its consistent revenue surplus. …
New Delhi, Feb 21 (IANS) When it comes to innovation in Pakistan, every new system, manual, or reform announcement struggles to escape the perception that it is designed as much to manage optics as to deliver results, according to a new report.Business Recorder writes that the Federal Board of Revenue’s (FBR’s) latest attempt to tighten tax collection through a withholding mechanism on digitally ordered goods appears “sensible on paper”.However, this initiative inevitably revives an olde…
New Delhi, Jan 5 (IANS) Chinese authorities have stepped up tax collection from online sellers as part of a broader push to boost government revenues amid slowing economic growth, a report has said.Since a new tax law came into force in October, ecommerce platforms such as Alibaba, Shein and Amazon have begun sharing detailed data with tax authorities.The information includes merchants’ names, orders, sales figures, profits and even income from virtual gifts or digital tokens, according to doc…