Islamabad : With suspension of all taxes on mobile phone cards for next 15 days on the orders of Supreme Court (SC) with effect from Wednesday midnight, the Federal Board of Revenue (FBR) is contemplating upon different options including suggesting the apex court to abolish withholding tax (WHT) of 12.5… – Continue reading
The Indian Government’s dramatic cancellation of large banknotes on the same day as the US election last week looks like the drastic solution to a very Indian problem with tax avoidance and the black economy, but it might turn out to be a harbinger of things to come everywhere. In… – Continue reading
KARACHI: Recently, under the context of the Article IV consultation, the International Monetary Fund (IMF) released a report on Pakistan’s overall economy. The report started on a positive note highlighting the macroeconomic gains made over the past couple of years which included the increase in growth rate from 3.7% in… – Continue reading
