ISLAMABAD: The national tax collecting body has acknowledged that collections remained behind the target by Rs114 billion during the six months of the current fiscal, despite the fact that the Revenue collection was 16.3 per cent higher than the corresponding period of last year. In a statement, the Federal Board of Revenue (FBR) said that massive revenue loss occurred in July-December 2019 due to reduction in imports. The statement says th... (Date:01/05/2020 04:17) Read full article >>

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July: July is the seventh month of the year in the Julian and Gregorian Calendars and one of seven months with the length of 31 days. It was named by the Roman Senate in honor of the Roman general, Julius Caesar, it being the month of his birth. Prior to that, it was called Quintilis.
Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
January: January is the first month of the year in the Julian and Gregorian calendars and one of seven months with the length of 31 days. The first day of the month is known as New Year's Day. It is, on average, the coldest month of the year within most of the Northern Hemisphere and the warmest month of t
Revenue: In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, revenue is referred to as turnover. Some companies receive revenue from interest, royalties, or other fees. Revenue may
Income: Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings r
December: December is the twelfth and last month of the year in the Julian and Gregorian Calendars. It is one of seven months with the length of 31 days.
Dawn: Dawn is the time that marks the beginning of the twilight before sunrise. It is recognized by the presence of weak sunlight, while the Sun itself is still below the horizon. Dawn should not be confused with sunrise, which is the moment when the leading edge of the Sun itself appears above the horiz
Income Tax: An income tax is a tax levied on the income of individuals or businesses . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax,
Sales Tax: A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.