tax

Finance minister claims govt saved country from default, budget will ease pressure on people

Calls for withdrawing sales tax on pharma raw material; reducing tax rate on bakery items

Senate panel directs FBR to bring legislation in the form of a bill and not through ordinances

Also seeks other measures to bridge gap with IMF by end of month

New budget slaps taxes on salaried person’s expenses on health and life insurance

Rs300b to be collected through petroleum levy

Top court rejects FBR’s plea against LHC order

Recommendations include reducing income tax rates for salaried individuals but increasing corporate tax rates

Mechanism necessary for increasing exports, requires a lucid understanding of the tax-investment-exports nexus

Advance tax rate of prepaid cards hiked to 15% from 10%