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The IRS is a department of the FBR that oversees domestic taxation, including Sales Tax, Income Tax, and Federal Excise Duty. It was formed in 2009 and has been involved in tax reforms and interactions with the IMF.
BISP is a federal unconditional cash transfer poverty reduction program in Pakistan, named after former Prime Minister Benazir Bhutto. It provides Rs.19,338 per annum to 5.4 million beneficiaries through a smart card, and has several special initiatives for women and children.
The Federal Board of Revenue (FBR) is a federal law enforcement agency of Pakistan that collects taxes and investigates tax crimes. It was established in 1924 and has undergone several changes in its structure and functions over the years.
The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export ...
E-commerce in Pakistan was first started in 2001. With the ban of PayPal services in Pakistan, eCommerce business companies and merchants had to rely on cash on delivery, and bank payment methods. There was no dedicated online payment service operating in Pakistan, which was also not favorable for online buyers in Pakistan.
A Pakistani state-owned enterprise that operates chain stores throughout the country that provide basic commodities at lower prices than the open market. Learn about its history, products, services, quality assurance and performance improvement.
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Ehsaas Programme is a social safety net and poverty alleviation programme launched by the Government of Pakistan in 2019. It includes various initiatives such as Ehsaas Emergency Cash, Ehsaas Kafalat, Ehsaas Scholarships, and others to uplift the backward class, reduce inequality, and promote human capital formation.