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The Federal Board of Revenue (FBR) ( Urdu: وفاقی بورڈ محصولات ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep ...
Below is a summary of the applicable sales tax rates in Pakistan: Sales tax on goods: 18%. Sindh Sales tax on services: 19.5%. Punjab Sales tax on services: 16%. Balouchistan Sales tax on services: 15%. Khyber Pakhtunkhwa (KPK) Sales tax on services: 19.5%. Islamabad Capital Territory (Tax on Services): 16%.
Inland Revenue Service (Pakistan) The Inland Revenue Service ( IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
GDP. Rs. 105.817 trillion (US$370 billion) Website. Budget Brief. ‹ 2022-2023. 2024-2025›. The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes ...
The Panama Papers case (officially titled Imran Ahmed Khan Niazi v. Muhammad Nawaz Sharif ), or the Panamagate case, was a 2017 landmark decision by the Supreme Court of Pakistan that disqualified Nawaz Sharif, the prime minister of Pakistan, from holding public office for life. Opposition politicians Imran Khan and Sheikh Rasheed petitioned ...
The National Database & Registration Authority (NADRA) ( Urdu: قومی مقتدرہِ اندراجات و معطیات) is an independent and autonomous agency under the control of the Interior Secretary of Pakistan that regulates Government Databases and statistically manages the sensitive registration database of all the National Citizens of ...
The Directorate General of Intelligence and Investigation (DG I&I) ( Urdu: نظامتِ عمومی برائے سراغرسانی و تفتیش) operates as a department under the Federal Board of Revenue (FBR) in Pakistan. While its core function is to serve as the intelligence wing of the FBR, it is actively engaged in the day-to-day ...
The Ministry of Finance is a Cabinet-level ministry of the Government of Pakistan in charge of government finance, physical policy and financial regulation. It is headed by a Finance Minister, an executive or cabinet position. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.