Pakistan Railways’ Karachi Division revenue increases by 29%
Pakistan Railways’ Karachi Division revenue FY 2016-17 has increased by 29 percent additional as compared to the financial year 2015-16....
“Pakistan faces an unprecedented Rs3.3 trillion revenue black hole” IMF report
“Due to administrative weaknesses, lower tax compliance and under-reporting, Pakistan is bleeding Rs3.3 trillion a year in revenue –...
Pakistan’s revenue collection surpasses target
Islamabad: Tax authorities have surpassed their collection target for the second quarter of the ongoing fiscal year, besides recovering a...
Senate Body calls Finance Minister to brief it on Economy
The Senate Committee on Finance, Revenue, Economic Affairs and Narcotics Thursday decided to call the Finance Minister, Senator Mohamamd Ishaq Dar to brief the committee on the latest economic situation of the country. “We will request the finance minister to come in the next meeting of the committee and... Read more
Pakistan Railways’ Karachi Division revenue increases by 29%
Pakistan Railways’ Karachi Division revenue FY 2016-17 has increased by 29 percent additional as compared to the financial year 2015-16. According to the Division Commercial Officer (DCO) Karachi, Nasir Nazeer and General Manager Pakistan Railways, Javed Anwar, the revenue has increased  by 29 percent FY 2016-17. They had appreciated the staff who... Read more
Revenue loss: Pakistan losing $2.63b  a year due to smuggling
“Pakistan is losing a monumental $2.63 billion worth of revenue a year, thanks to smuggling of just 11 goods that are making their way through porous borders and, more alarmingly, through high sea and containerised cargo with full support of the state machinery,  reveals a highly confidential official report.... Read more
“Pakistan faces an unprecedented Rs3.3 trillion revenue black hole” IMF report
“Due to administrative weaknesses, lower tax compliance and under-reporting, Pakistan is bleeding Rs3.3 trillion a year in revenue – an amount that is higher than this year’s total tax collection target” – revealed an International Monetary Fund (IMF) report. “Pakistan has the potential to mobilise additional tax revenues by... Read more
Pakistan’s revenue collection surpasses target
Islamabad: Tax authorities have surpassed their collection target for the second quarter of the ongoing fiscal year, besides recovering a significant part of the shortfall during July-September on the back of a mini-budget introduced last month, reducing chances of additional measures. Against the October-December target of Rs750 billion, the Federal... Read more
Record revenue collected by customs
Quetta : The Model Customs Collectorate Quetta has collected net revenue of Rs2,953.5 million during the last quarter of the financial year 2014-2015. The amount is 106 per cent higher than the revenue collected during the same period of the previous financial year. According to Collector Customs Dr Mohammad... Read more