Drivers push their autorickshaws as they wait in a queue to refuel outside a fuel station, after the government declared a weekly Wednesday holiday for public officials to conserve fuel amid concerns over fuel supplies during the US-Israel conflict with Iran, in Colombo, Sri Lanka, March…
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Govt considers slashing FBR tax target, proposal of floods levy on cards

A representational image showing the FBR logo. — FBR website/FileGovt mulls reducing FBR’s tax target to Rs13.7tr from Rs14.13 tr.Reduction of tax target by Rs300-500bn for FY26 possible.Flood levy to be imposed on high-net-worth sectors, individuals.
ISLAMABAD:…
Petrol, diesel prices likely to rise from September 16

A person uses a fuel nozzle to fuel up a car at a petrol station in Vienna, Austria March 18, 2022. — ReutersPetrol price may increase by Rs1.54 per litre.HSD is projected to climb by Rs4.79 per litre.Kerosene may witness price hike of Rs3.06 per litre.
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FBR’s transformation plan to boost tax-to-GDP ratio from 10.24% to 18%

A representational image showing the FBR logo. — FBR website/File
Officials highlight gap in taxes, which will be plugged via digitisation.FBR’s contribution will rise to 14%, provincial revenues by 3%.Authority’s capacity being enhanced by hiring around 1,600…




