FBR mandates electronic invoice registration for FMCG supply chain

12/02/2024

ISLAMABAD: The Central Directorate of National Savings (CDNS) has secured Rs58 billion in Islamic finance bonds during the current fiscal...

Govt decides to audit major economic sectors on IMF advice

12/02/2024

ISLAMABAD: The Ministry of Finance, following recommendations from the International Monetary Fund (IMF), has directed the Competition Commission of Pakistan...

SECP imposes record penalties in enhanced compliance drive

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has significantly enhanced its regulatory oversight in the corporate sector, imposing...

Revenue Crisis at Multan Customs: Urgent overhaul needed to combat shortfalls & systemic failures

MULTAN: The revenue challenges faced by Collectorate of Customs Enforcement Multan during January 2023-24 underscored systemic issues within the revenue...

FBR notifies new rules for international oil suppliers

ISLAMABAD: The Federal Board of Revenue (FBR) has notified new rules for international oil suppliers, specifically addressing the import of...

Pakistan’s import bill registers 14.11pc decline in first seven months of FY24

ISLAMBAD: Pakistan’s import bill has experienced a substantial decline of 14.11 percent during the first seven months (July – January)...

Customs Enforcement seeks amendments in SRO to tackle imports under baggage rules

KARACHI: In a bid to curb the misuse of the Baggage Rules, Pakistan Customs is actively seeking enhanced powers to...

Sargodha Enforcement registers FIR against four customs officials for replacing seized goods

SARGODHA: Collectorate of Customs Enforcement Sargodha has registered FIR against Customs Superintendent Shahid Naseem Joiya, Inspector Ghulam Mustafa, Inspector Shehbaz...

PFC to take part in 3-day LAS VEGAS-USA expo

ISLAMABAD: Pakistan Furniture Council (PFC) will take part in a three-day International Las Vegas-United States of America (USA) Expo starting...

Pakistan’s total liquid foreign reserves reach $13.1b

KARACHI: The total liquid foreign reserves of Pakistan stood at US$ 13,097.6 million in the week ended on February 2,...

SHC allows two SCRA’s filed by Customs I&I Hyderabad

KARACHI: Customs Appellate bench of the Sindh High Court (SHC) allowed two Special Customs Reference Applications (SCRA0 filed by regional...

DG Valuation issues Valuation Ruling No 1849/2024 for used LCDs & LEDs

KARACHI: Directorate General of Customs Valuation issued Valuation Ruling No. 1849 / 2024, establishing a valuation of $0.70 per inch...

FTO directs investigation into tax data breach

LAHORE: The Federal Tax Ombudsman (FTO) has directed an immediate investigation into a case of unauthorized access to tax data,...

FBR thwarts major hacking attempt through USB

ISLAMABAD: The Federal Board of Revenue (FBR) has averted a major attempt at data leakage by timely stopping infection to...

FY 2024-25 budget schedule announced

ISLAMABAD: The Ministry of Finance has issued schedule for the federal budget 2024-25. The budget was proposed to be announced...

Karachi Enforcement recovers smuggled goods worth Rs41.35m from SITE area

KARACHI: Collectorate of Customs Enforcement has seized huge quantity of foreign-origin Crockery, plastic dana and plastic shoppers from two godowns...

DG Valuation revises customs values on import of shoe polish via VR No 1851/2024

KARACHI: Directorate General of Customs Valuation has revised customs values on the import of shoe polish with tin/plastic pack and...

ECNEC approves ‘Greater Thal Canal Phase II project

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) gave its consent for the Greater Thal Canal (Phase II)...

SCCI to take up issue of POS with FBR