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The Federal Board of Revenue (FBR) ( Urdu: وفاقی بورڈ محصولات ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep ...
Below is a summary of the applicable sales tax rates in Pakistan: Sales tax on goods: 18%. Sindh Sales tax on services: 19.5%. Punjab Sales tax on services: 16%. Balouchistan Sales tax on services: 15%. Khyber Pakhtunkhwa (KPK) Sales tax on services: 19.5%. Islamabad Capital Territory (Tax on Services): 16%.
Previously known as the Customs & Excise Group, it was re-classified as Pakistan Customs Service in November 2010, when the responsibilities of sales tax and federal excise were taken away and a new occupational service was created to collect Sales Tax, Federal Excise, and Income Tax, named as Inland Revenue Service (IRS). Custom House, Karachi
Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $190 billion as of 2021, which is the largest in the country. Karachi collects 35% of Pakistan's tax revenue, and generates approximately 25% of Pakistan's entire GDP.
Karachi the economic capital of Pakistan. Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [66]
kmc .gos .pk. Mayor of Karachi ( Urdu: ناظم کراچی; Sindhi: ميئر ڪراچي) is the executive of the Karachi metropolitan corporation and the Karachi local government system of the city of Karachi which is the third tier of governance in Pakistan after Federal and provincial governments. Presently the post resides with Sindh ...
The M-2 Motorway or the Lahore–Islamabad Motorway ( Urdu: لاہور-اسلام آباد موٹروے) is a north–south motorway in Pakistan, connecting Rawalpindi / Islamabad to Lahore, and is the first motorway to have been built in South Asia. [1] The M-2 is 375 km long and located entirely in Punjab. It continues on to eventually become ...
Pak Suzuki Motor Company Limited (PSMCL) is a Pakistani automobile company which is a subsidiary of Japanese automaker Suzuki. [2] [3] It is the Pakistani assembler and distributor of cars manufactured by Suzuki and its subsidiaries and foreign divisions. [4] Currently Pak Suzuki is the largest car assembler in Pakistan.