Tax collection from subscribers: FBR, cellular companies evolving mechanism

ISLAMABAD: The Federal Board of Revenue (FBR) has restored input adjustment on provincial sales tax adjustment through Tax Laws (Amendment)...

Hyderabad Customs seizes cigarettes, gutka worth Rs 300m

HYDERABAD: The customs officials confiscated a huge cache of smuggled cigarettes, pan parag (flavoured betel nuts) and other items worth...

FBR imposes 25% tax on sukuk investment

KARACHI: Federal Board of Revenue (FBR) has imposed a 25 percent tax on the return on investments in Islamic bonds...

Appellate Tribunal bars LTU-II from recovering tax from Awan Trading

KARACHI: The Appellate Tribunal of Inland Revenue has barred revenue authority from recovering tax from Awan Trading Co Pvt Ltd,...

Release of chemical consignment: SHC dismisses appeal against tribunal’s order

KARACHI: The Sindh High Court has dismissed a special customs reference application (SCRA) filed by Chawala Dyed and Chemicals. A...

Customs counsel ordered to seek instruction for silicon consignment release

KARACHI: The Sindh High Court (SHC) has ordered the counsel for Customs Department to seek instruction for provisional release of...

Sales tax input adjustment on provincial services restored

ISLAMABAD: The Federal Board of Revenue (FBR) has restored input adjustment on provincial sales tax adjustment through Tax Laws (Amendment)...

Chief Collector (South) urged to delay implementation of e-form

KARACHI: The Chief Collector (South) has been urged to extend deadline for the implementation of mandatory Electronic import form (EIF)...

Gwadar Customs foils smuggling bid, seizes narcotics worth Rs 37.7m

KARACHI: Gwadar Customs has foiled an attempt to smuggle 466 kilogramme hashish and narcotics worth Rs 37.7 million. According to...

July U.S. exports increase, imports decrease

WASHINGTON: Total July exports were $186.3 billion and imports were $225.8 billion, according to the U.S. Census Bureau and the...

Sales tax imposition: FBR enhances sugar value to Rs60/kg

KARACHI: Federal Board of Revenue (FBR) has fixed the values of white crystalline sugar both imported and domestically produced for...

Revenue target for tourism raised by 14%

BANGKOK: The Tourism Authority of Thailand (TAT) has revised up the 2016 tourism revenue target by 14% year-on-year to 2.58...

Hellenic Exchanges Q2 net profit slips

ATHENS: Hellenic Exchanges, the operator of the Athens Stock Exchange, announced on Wednesday that its second-quarter turnover came to 7.24...

Eir grows annual revenue for first time since 2008

WASHINGTON: Eir reported its first annual revenue growth in eight years, the telecoms group said on Friday, as revenue rose...

ATHEX: Banks stocks lose steam

ATHENS: Wednesday’s enthusiasm over Greek bank stocks evaporated on Thursday, while trading volume almost halved, taking the wind out of...

Spanish unemployment creeps up with end of summer

WASHINGTON: Spain's economy relies heavily on tourism and August is usually a weaker month for the job market as summer...

Austrian unemployment in August sees 1.1% increase

VIENNA: Unemployment in Austria for the month of August has continued on its upward trend, increasing 1.1 percent or 4,039...

Ichia Technologies revenues down in August 2016

WASHINGTON: Ichia Technologies has reported consolidated revenues of NT$507 million for August 2016, representing a 7.94% drop on month and...

Human smuggling attempt thwarted near Sarnia, Ont