Muhammad Zulqarnain Awan

21/02/2026

15/10/2025

ایف بی آر
پریس ریلیز

ایف بی آر نے مالی سال 2025 کے لئے انکم ٹیکس گوشوارے جمع کرانے کی آخری تاریخ 31 اکتوبر 2025 تک بڑھا دی ہے

24/10/2024

Had a great time with Tax Mentors Respected Hafiz Idris Shb (Advocate Supreme Court), Sir Ch. Naeem ul Haq (Advocate Supreme Court), President Ritba, Faraz Fazal Sheikh Shb (Advocate High Court), at Loafology Cafe, Blue Area Islamabad.

10/04/2024

تمام اہلیانِ اسلام کو عیدالفطر مبارک 💕

اس موقع پہ پوری پاکستانی قوم فلسطین بالخصوص غزہ کے مظلوم مسلمانوں کے ساتھ اظہارِ یکجہتی کرتی ہے۔

محمد ذوالقرنین اعوان
ایڈووکیٹ ہائی کورٹ/ ٹیکس و کارپوریٹ لا کنسلٹنٹ

22/07/2023

𝗔𝗟𝗛𝗔𝗠𝗗𝗨𝗟𝗜𝗟𝗟𝗔𝗛 ❤
𝗔𝗗𝗩𝗢𝗖𝗔𝗧𝗘 𝗛𝗜𝗚𝗛 𝗖𝗢𝗨𝗥𝗧

16/06/2023

10/06/2023

The federal government has proposed 0.6% advance tax on cash withdrawal for non-filers to bring more people into the tax net.

According to Finance Bill, advance tax on cash withdrawal is being imposed for the non-filers. Every banking company shall deduct advance adjustable tax at the rate of 0.6% of the cash withdrawal from a person whose name is not appearing in the Active Taxpayers’ List on the sum total of the payments for cash withdrawal in a day, exceeding Rs 50,000.

For removal of doubt, it has clarified that the said Rs50,000 shall be aggregate cash withdrawal in a single day.

Read More:
https://www.brecorder.com/news/40247030/cash-withdrawal-non-filers-to-pay-06pc-advance-tax

05/12/2022

Economic emergency proposal under consideration in Islamabad:

1. Restrict all economic activity from 8am to 6pm. Meaning all markets, businesses to close at 6pm including restaurants etc

2. Personal vehicle usage to be restricted to 3 days only or Car must have 3 occupants. (Issue on implementation traffic police in all provinces has been asked to device a plan)

3. Reduce foreign flights to Gulf states by half and each traveling passenger must justify trip. (MOFA and MOI instructed to prepare method) also revert old system of no more then 2 international flights on foreign carriers a year for more then 2 trips citizen must travel PIA or other Pakistani carriers. If NTN not provided at time of booking a flat fee of Pkr 5000/- domestic travel and Pkr 65,000/- for international flights to be imposed and collected at airport before boarding.

4. Stop all self financed Hajj and Umrah and ziarats. Citizen must receive NOC from Ministry of religious affairs, Finance and travel history must be used to determine.

5. Any dollar remittance for education overseas only from taxes money. If your tax returns do not justify citizens ability to fund a child’s education overseas that transaction must not be allowed.

6. Minimum one year closure of money exchanges nationwide. Only banks to be allowed to change currency after due diligence being prepared by SBP.

7. Essential imports priority. All LCs to be categorized as per importance and need. Unless exporter justifies import with confirmed orders for export no new machinery or plant import LC to be opened.

8. All inward settlements to be credited in PKR all foreign currency accounts in local banks to be put on temporary hold and withdrawals only in PKR on SBP set rate.

9. Govt official foreign trips to be halted unless host country is paying. Only state visit for bilateral importance to be undertaken with minimum support staff and no private citizens or family members to travel and PM and other dignitaries to use only commercial flights for travel
Unless destination has no commercial airline connectivity.

A total of 22 point preliminary summary including above 9 points has been proposed to Ministry of Finance with a lot of resistance at every level. Situation is dire and all out efforts are being made to keep appearances and maintain positive sentiment but officials are saying that IMF has become increasingly difficult and demanding unrealistic steps. The current govt is fighting all such adverse proposals with full force but finding it increasingly impossible to further delay such harsh and impractical steps. Meanwhile Pakistani elite are quietly setting up businesses and relocating their wealth overseas. Let us not forget only 2 years ago Sri Lankan economy was tipped as the best performing economy in this part of the world and today is left in ruins. Important and very painful days ahead.