The International Monetary Fund (IMF) and Pakistani authorities have been unable to reach a staff-level agreement after a week-long discussions on 9th Review. Reportedly, Pakistan having broadly agreed to all…
The last financial year witnessed a record performance by the FBR (Federal Board of Revenue). Tax revenues increased by almost 30%. Consequently, the FBR tax-to-GDP ratio went up significantly from…
The figures on tax revenues collected by FBR in the first five months of 2020-21 have been released. The overall growth achieved during this period is only 4 percent. In…
Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and…
Federal tax revenues consist primarily of FBR revenues. In addition, they include other taxes like the gas infrastructure development cess, natural gas development surcharge and the petroleum levy. The share…
The good news is that FBR has achieved extraordinary growth in tax revenues of 41 percent in the first two months of the current financial year. Income tax revenues are…
Domestic Resource Mobilisation (DRM) is the cornerstone of taming debt growth, providing governments with adequate funds for development and delivering public services. Weak administrative capacity, low tax morale and compliance,…
Tax revenues collected by FBR showed a growth rate of 14% in 2017-18 to reach the level of Rs 3842 billion. This represents a shortfall of Rs 171 billion in…
Tax revenues have shown buoyancy in the first half of 2017-18. The overall growth rate in these revenues of the federal and provincial governments combined is 16 percent. During the…
FBR revenues showed exceptional growth in 2015-16 of 20 percent. The annual target was more than fully achieved for the first time during the tenure of the present government. It…
