May also increase sales tax to 17% on other dairy products proposals made to generate over Rs11b in revenue in 2016-17

Tax authorities seek clarification on receipts of foreign remittances from premier's son

Also wants to withdraw exemption from 5% withholding tax on power bills

Despite booming real estate business, they contribute peanuts in taxes

After withdrawal of protection, Lotte Chemical has been suffering losses or the last 4 years

FBR considering charging higher rates of income tax from those who are outside the tax net

Loans have been taken to meet reserves target without publicly inviting bids

Consumer Price Index rises 4.3% on the back of higher food cost

Economic Reforms Protection Act provides immunity to funds transferred to and from Pakistan

Sets ambitious 6.2% growth and Rs1.32t budget deficit targets for next fiscal.