The federal Minister for Finance, Shaukat Tarin, has announced that the Extended Fund Facility (EFF) program will continue as both Pakistan and the International Monetary Fund (IMF) want it to move forward.He made these remarks while speaking to the me…
FBR Issues Clarification Over Taxes on Pensions and Salaries
The Federal Board of Revenue (FBR) has categorically said that no tax has been imposed on pensions, major components of salary, gratuity funds payments, leave prior to retirement (LPR), commutation of pension and other allied benefits.The Federal Board…
Govt to Transfer Telephone Industries of Pakistan to NRTC
The government has decided to hand over the loss-making entity — the Telephone Industries of Pakistan (TIP) — to the National Radio & Telecommunication Corporation (NRTC) to revitalize it.The federal Cabinet …