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Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1] According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers. [ 2 ]
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty.
The Gazette of Pakistan (Urdu: سرکاری جریدہَ پاکستان) is the official government gazette of the Government of Pakistan. This Gazette provides information about government acts, ordinances, regulations, orders, S.R.Os, notifications, appointments, promotions, leaves, and awards.
The Ministry of Finance is a cabinet-level ministry of the government of Pakistan that is in charge of government finance, fiscal policy, and financial regulation. A Finance Minister, an executive or cabinet position heads it. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
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The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
The Federal Treasury [1] (Russian: Федеральное казначейство) is a federal executive body (federal service), which exercises enforcement functions to ensure the execution of the federal budget, cash servicing the execution of the budgets of the budget system of the Russian Federation, preliminary and current control over the conduct of operations with federal budget funds ...
The federal finance secretary is one of the most powerful bureaucrats in the country. Being the head of the Finance Division, the secretary plays an important part in shaping the country's economic and financial policies. [1] The position holder is a BPS-22 grade officer, usually belonging to the Pakistan Administrative Service.