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FBR Missed Its November 2024 Tax Collection Target

Pakistan's Tax Collection Challenges: November 2024 in Focus The Federal Board of Revenue (FBR) is under immense scrutiny as it grapples with a significant shortfall in tax collections for November 2024. Despite rigorous tax policies, the gap between targets and actual revenues is widening, threatening the country's fiscal stability and raising concerns about potential corrective…

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IMF Demands Higher Petroleum Taxes: Pakistan Faces Rs. 45/Liter Spike

IMF Demands Higher Petroleum Taxes: Pakistan Faces Rs. 45/Liter Spike

IMF’s Tax Demand: Pakistan’s Petroleum Prices Set to Surge The International Monetary Fund (IMF) has urged Pakistan to impose an 18% sales tax on petroleum products, potentially spiking the prices of MS Petrol, High-Speed Diesel (HSD), kerosene oil, and light diesel oil (LDO) by up to Rs. 45 per liter. This demand comes after Pakistan’s…

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