No Result
View All Result
Tuesday, July 1, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

    JioHotstar has released the teaser for Sarzameen, starring Prithviraj Sukumaran, Kajol, and Ibrahim Ali Khan in a powerful patriotic thriller.

    Is Ibrahim Ali Khan & Kajol’s ‘Sarzameen’ anti-Pakistan?

    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Raising concerns: Pakistan crafts new strategy to tackle tax deficit

MM News Staff by MM News Staff
November 12, 2024
Tax

(Image: Business Recorder)

The federal government of Pakistan has created a new strategy to tackle the tax deficit without introducing any mini-budget, as cited by FBR sources to the media.

According to ARY News, with reference to sources, Chairman FBR Rashid Langrial has developed an alternative strategy to address the tax shortfall and overcome the problem, as Prime Minister Shehbaz Sharif is against taxing the salaried class more.

FBR Chief Rashid Langrial is likely to hold key negotiations scheduled for today to discuss measures to boost tax revenues. The talks will cover FBR’s Transformation Plan, Track and Trace system, and Retailers’ Scheme. Under the Transformation Plan, FBR aims to modernize its framework to align with international standards.

According to sources, the Retailers’ Scheme will allow data sharing of registered traders with the IMF. However, sources from the private TV channel state that from July to October, FBR was expected to collect Rs. 17 billion in taxes from traders but fell short of the target, as anticipated by experts earlier.

FBR says that the Track and Trace system is set for installation review across five sectors, with an evaluation to extend this system to the tile sector as well. Proposed changes include raising the FBR fee on POS receipts by Rs1.

Furthermore, discussions with the IMF will consider special audits for retailers who do not implement POS systems. FBR will brief the mission on its enforcement plan to bridge the revenue shortfall. The FBR delegation is already in Pakistan to review the country’s economic performance and hold talks with relevant ministries.

ShareTweetSendShare
Previous Post

Mia Khalifa opens up about regrets and misconceptions over adult film career

Next Post

Punjab announces public holiday on Nov 15

Related Stories

File photo
Crime

Sindh govt to introduce traffic courts, hike fines sharply

July 1, 2025
South China Morning Post
Top News

China’s “Blackout Bomb” shocks the world over new electromagnetic warfare capabilities

July 1, 2025
File photo
Business & Stock

FBR intensifies crackdown on official with dual nationality

July 1, 2025
This undated image shows mourners attending the 9th Muharramul Haram procession in Islamabad. (APP)
Thought Box

Ashura-e-Muharram: Will govt announce holiday on Friday along with Saturday and Sunday?

July 1, 2025
File photo
Business & Stock

Gwadar Port is completely functional, says minister

July 1, 2025
(File)
Business & Stock

Gold price records massive increase of Rs6,600 per tola

July 1, 2025
(File Photo)
Business & Stock

Pakistan to expand Gwadar Port with new shipping lines, ferry service to Gulf countries

July 1, 2025
Cambridge Acknowledges Targeted Leak in June 2025 Exams (File)
Top News

Cambridge announces free November retake for students affected by June exam leaks

July 1, 2025
Karachi Water and Sewerage Corporation (KWSC) Dhabeji pumping station (Facebook/@CMSindh.Page/file)
Top News

Karachi water crisis intensifies as Dhabeji Station faces fourth day without electricity

July 1, 2025
Top News

Parking is now free of charge on 46 major roads in Karachi

July 1, 2025
Next Post
file image

Punjab announces public holiday on Nov 15

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Fashion & Music

Glastonbury artists under investigation for anti-Israel chants during performances

by MM News Staff
July 1, 2025
File photo
Crime

Sindh govt to introduce traffic courts, hike fines sharply

by MM News Staff
July 1, 2025
South China Morning Post
Top News

China’s “Blackout Bomb” shocks the world over new electromagnetic warfare capabilities

by MM News Staff
July 1, 2025
File photo
Crime

Crackdown launched to curb fake news during Muharram 2025

by MM News Staff
July 1, 2025
File photo
Health

Renaming of Jinnah Cardiology Institute in Punjab sparks outcry

by MM News Staff
July 1, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

(File Photo)
Top News

Weather forecast for Karachi today

by MM News Staff
June 30, 2025

The Pakistan Meteorological Department (PMD) has predicted partly cloudy and humid weather for Karachi...

Rain

Monsoon showers hit Karachi, more rain expected in coming hours

June 28, 2025
file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
See all

Prices

(File)
Business & Stock

Gold price records massive increase of Rs6,600 per tola

by MM News Staff
July 1, 2025

Gold prices in Pakistan witnessed a massive increase on Tuesday, echoing upward trends in...

Foreign Currency Rates

Foreign currency exchange rates in Pakistan, 1 July 2025

July 1, 2025
Gold Prices

Gold prices surge in Pakistan, following global uptrend

July 1, 2025
Petroleum Price in Pakistan

Petrol price in Pakistan sees major hike amid inflation pressure

July 1, 2025
See all

Transport News

File photo
Transport

BRT Peshawar increases bus fares

by MM News Staff
July 1, 2025

The Peshawar Bus Rapid Transit (BRT) service has increased its fares, effective from today...

Dubai's flying taxi completes first test flight. (Image: Khaleej Times/: Neeraj Murali)

Dubai successfully tests first flying taxi flight

July 1, 2025

Parking is now free of charge on 46 major roads in Karachi

July 1, 2025
(APP)

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

June 29, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.