Lahore RTO leads highest number of active taxpayers in 2023

06/01/2024

KARACHI: The State Bank of Pakistan’s latest data reveals a substantial 24% year-on-year rise in the federal government’s domestic debt,...

LHC announces ruling regarding search warrants against corporate taxpayers

06/01/2024

LAHORE: The Lahore High Court (LHC) has declared that the Federal Board of Revenue (FBR) cannot issue search warrants for...

Pakistan Customs notifies conditions for drawback repayment on export of imported goods

ISLAMABAD: Pakistan Customs has issued a set of conditions for the repayment of drawback on the export of imported goods...

SBP reserves increase $464m to reach over 5-month high of $8.2b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $464 million on a weekly basis,...

SRB issues new guidelines to banks on sales tax payment

KARACHI: The Sindh Revenue Board (SRB) has recently issued updated guidelines to banks concerning the payment of sales tax on...

FTO bars FBR from filing petitions against its orders at high courts

LAHORE: The Federal Tax Ombudsman (FTO) has strictly barred the Federal Board of Revenue (FBR) from filing Writ Petitions before...

Quetta Customs impounds 33 NDP vehicles worth Rs84.6m

QUETTA: Regional Directorate of Customs Intelligence & Investigation (I&I) Quetta has impounded 33 Japanese origin vehicles of various makes and...

FBR extends date for proposals on ‘HS codes’ new list

LAHORE: The Federal Board of Revenue (FBR) has extended date upto January 10, 2024 for leading sectors to submit their...

NEPRA okays Rs2.87 per unit hike in power tariff for K-Electric consumers

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs. 2.87 per unit for K-Electric customers...

Focus on narrow base for tax collection encourages informalization of economy: PBC

ISLAMABAD: The Pakistan Business Council (PBC) has labeled tax policy in Pakistan as regressive in nature and one that penalizes...

CDNS secures Rs50b in Islamic finance bonds

KARACHI: The Central Directorate of National Savings (CDNS) has secured Rs 50 billion in Islamic finance bonds at the end...

FBR decides to give rewards to LEAs for anti-smuggling activities

ISLAMABAD: The officers of the law enforcement agencies and intelligence agencies would now be entitled to rewards by the Federal...

FBR finalises scheme to ‘slap’ tax on retailers

ISLAMABAD: In its efforts to broaden the tax net, the Federal Board of Revenue (FBR) has finalized a scheme to...

Fiscal deficit curtailed at 0.8pc of GDP, primary surplus improves

ISLAMABAD: Owing to consolidated measures implemented by the government, the fiscal deficit has been curtailed to 0.8 percent of GDP...

High-profile Chinese business delegation meets Planning Minister

ISLAMABAD: A high-profile business delegation of China, led by the Chairman of Chang Chinag Chamber of Commerce Li Ting, met...

FBR empowers officers to determine customs value on import or export of goods

ISLAMABAD: Officers of the Federal Board of Revenue (FBR) have been granted enhanced authority to determine the customs value on...

FBR to block SIMs, mobile phones of non-filers on Jan 15

ISLAMABAD: The Federal Board of Revenue (FBR) is set to tighten the noose around non-filers with a series of stringent...

Customs Appraisement redistributes work among deputy, assistant collectors

KARACHI: Collectorate of Customs Appraisement SAPT has issued order for redistribution of work among assistant, deputy collectors with immediate effect...

Privatization of HEC completed