Ministry says ‘best offer’ will be lost if govt does not act; delay in awarding contract has already caused $1b loss.

Government appears to be losing the reformed general sales tax (GST) battle in a parliamentary panel.

Dependence on domestic market for financing will fuel inflation, increase interest rate.

Farmers propose tax on agriculture income instead of consumption.

Federal Board of Revenue chairman admits to prevalence of corruption.

Tax evasion on the rise as only one out of every 10 businessmen file tax returns.

Centre and the provinces agree to significantly lower tax rate on services where refunds are not involved.

Provinces ask government to incorporate their recommendations if it wants an integrated sales tax regime, sources say.

Ministries to be handed to provinces by first week of December, says Raza Rabbani.

Officials call budget cut a ploy to penalise Pakistan for refusing to accept flood reconstruction reprioritised loans.