Under the Taxation Laws (Amendment) Bill, 2024, the Federal Board of Revenue (FBR) will now share income tax return data with banks for cross-matching with bank records. This step aims to tighten compliance and reduce tax evasion by implementing restrictions on the economic activities of non-filers. The bill defines two categories: “qualified persons,” who have … Read more
Senator Faisal Vawda speaks to reporters outside the Parliament building in Islamabad, October 20, 2024. – Screengrab via Geo News Vuda says PTI should have voted against the amendment bill. The PTI leadership has been blamed for guiding Imran Khan to the current impasse. He expresses his willingness to meet the PTI founder “if called.” … Read more
(L-R) Muslim League President Nawaz Sharif, JUI-F President Maulana Fazlur Rehman and President Asif Ali Zardari meet at the former Jati Umra residence on October 16, 2024. – Correspondent Heavyweight politicians gather at Nawaz’s residence. The parties hope to approve the amendments Fazal says he will meet PTI leadership in Islamabad. LAHORE: Political heavyweights — … Read more