LAHORE ( STAFF REPORT ) The challenges of digitization and the Covid-19 pandemic have introduced unprecedented external pressures on what governments can tax, and how much revenue they need to raise from doing so, says ACCA (the Association of Chartered Certified Accountants) in its latest report. As policy makers tryRead More →
KARACHI (PRESS RELEASE) HBL today declared a consolidated profit after tax of Rs 8.1 billion, with earnings per share for H1 18 at Rs 5.42. Along with the results, the Board declared a dividend of Rs 1.00 per share (10%), bringing the total dividend for the six months of 2018Read More →
ISLAMABAD (PRESS RELEASE) JazzCash has collaborated with National Bank of Pakistan (NBP) to provide fee collection service to Bureau of Emigration & Overseas Employment. From now onwards, all Pakistani citizens pursuing overseas employment can pay the application fee through the JazzCash Mobile Account or any of the nationwide JazzCash retailers.Read More →
ISLAMABAD ( ABRAR MUSTAFA ) The Chief Justice of Pakistan Mr. Justice Mian Saqib Nisar has taken notice of grave complaint by the public that an unreasonable and high amount of tax/other charges are being deducted from the topping up of the balance through easy load and calling cards (besides taxingRead More →
ISLAMABAD ( MONITORING DESK ) Pakistan Custom Collector has summoned Pakistan Mobile Communication Ltd. ( MOBILINK ) to appear in person or through their accredited representative in Custom House Karachi. The case is fixed for hearing on 28th October 2016. Mobilink has not paid custom duty amounting to Rs. 56,973,264/-Read More →
ISLAMABAD ( MEDIA REPORT ) The Taliban have demanded a hefty new “protection tax” from Afghan mobile phone companies, industry and militant sources told AFP, as the resurgent group tightens its stranglehold on a rare successful business in a slumping war economy. At a secret meeting last month near theRead More →
ISLAMABAD ( MEDIA REPORT ) Pakistan Telecommunication Authority (PTA) has decided to raise the matter of 19.5 percent provincial sales tax on mobile internet and data services with all the four provinces as the move is not only hurting telecom sector but also making the facility dearer for the consumers,Read More →
LAHORE ( MEDIA REPORT ) The Punjab government is again going to tax the data usage by the mobile phone users which it revoked earlier through a cabinet decision and also later approved by the provincial assembly during the last budget session held in June 2015. In this regard, aRead More →
ISLAMABAD ( BMZ REPORT ) A 14 percent Advance Income Tax, imposed on fixed lines, mobile phones, and broadband internet users in the federal budget 2015-16, has become effective from July 1. The users throughout the country who are already paying 19.5 percent General Sales Tax (GST) on mobile phoneRead More →
ISLAMABAD ( BMZ REPORT ) Discussing the taxation structure of the Telecommunications and ICT industries, the Chairman Pakistan Telecommunications Authority (PTA) – Syed Ismail Shah along with the Member HRD, Ministry of Information Technology, Government of Pakistan – Mr. Tahir Mushtaq expressed agreement with the comment of Ms. Jehan Ara,Read More →
LAHORE ( HAFEEZ REPORT ) The Government of Punjab has imposed a heavy 19.5% tax on 3G and 4G internet services. The taxes are applicable on 2Mbps and the broadband utility bills exceeding Rs.1500/month. The imposition of this tax will directly affect 56% of population of Pakistan that is internetRead More →
ISLAMABAD ( MEDIA ) The government has introduced procedural amendments in tax laws through the Finance Bill 2014 to improve tax compliance. Official documents show the government has exempted from income tax the receipt of Pakistan Telecommunication Authority’s (PTA) income regarding the sale of spectrum licences. The News reported. An amendmentRead More →