Current Account Deficit declines by 71pc to $1.09b in 7 months: SBP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 2,651 new companies in January 2024, showing an increase...

Pakistan’s election outcome highlights risks to new IMF deal: Fitch

ISLAMABAD: The close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s efforts to secure a...

FBR likely to update property valuations based on FTO proposals

ISLAMABAD: The Federal Board of Revenue (FBR) is gearing up to update immovable property valuations, aligning them with fair market...

SHC rejects petition on tax refund claims filed by tractor maker

KARACHI: Sindh High Court (SHC) has rejected the petition on the point of maintainability of the leading tractor manufacturer challenging...

Sargodha Customs seizes smuggled goods worth Rs250m

SARGODHA: In recent developments, a nationwide crackdown on smuggling operations has delivered promising outcomes, marking a substantial decline in illicit...

FTO seeks thorough audit of fake transactions & taxpayers data

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to audit all fake transactions and...

Pakistan’s petroleum imports decline by 12pc in 7 months of FY24

ISLAMABAD: Petroleum group imports witnessed a negative growth of 12.06 percent during the first seven months (July-January) of the current...

FBR to expand tax base with World Bank’s aid

ISLAMABAD: The Federal Board of Revenue (FBR) agreed to expand its tax base by identifying millions of new taxpayers by...

FBR halts issuance of three notifications

ISLAMABAD: The Federal Board of Revenue (FBR) has delayed issuance of three key notifications dealing with the documentation of economy,...

Pakistan automakers lament increase in sales tax

ISLAMABAD: The Pakistan Automobile Manufacturers Association (PAMA) ‘strongly’ rejected a 25 per cent increase in sales tax on locally manufactured...

FBR impounds smuggled cigarettes worth Rs140m in two days

RAWALPINDI: The Federal Board of Revenue (FBR) has seized non-duty paid cigarettes worth Rs140 million during two-days campaign. In a...

FBR chairman reviews performance of field formations regarding revenue collection

KARACHI: Chairman Federal Board of Revenue Malik Amjed Zubair Tiwana and Member-IR (Operations) Mir Badshah Khan Wazir visited Large Taxpayers...

Customs PCA detects tax evasion of Rs27.5b by some importers

KARACHI: The Directorate Post-Clearance Audit (PCA) South has an elaborate tax evasion scheme by importers under the guise of the...

Multan Customs’ aggressive crackdown yields record seizures worth Rs482.28m in January 2024

MULTAN: Collectorate of Customs Enforcement in Multan has started a vigorous campaign against smuggling, achieving unprecedented success with seizures valued...

Political instability, rising cost of doing to business drags KSE-100 down by over 1.82pc

KARACHI: The benchmark KSE-100 Index tumbled in the afternoon session on Thursday and closed at 61,020.05 after a loss of...

LCCI rejects proposed hike in KPT charges, utility prices

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has rejected the proposed increase in the KPT (Karachi Port Trust)...

Pakistan’s foreign reserves stand at US$ 13,149.1m: SBP

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at US$8,056.5 million after an increase...

Govt hikes petrol price by Rs2, diesel by Rs8

ISLAMABAD: Following the recommendation of the Oil and Gas Regulatory Authority (OGRA), the caretaker government approved a hike in the...

‘Tajir Dost’ mobile app to tax retailers in Pakistan likely to be launched on Feb 22