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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Pakistan offers tax holiday for foreign investments in tourism sector

ISLAMABAD: Pakistan has decided to offer a tax holiday for foreign investments in tourism sector in a bid to attract foreign direct investment in the state. Board of Investment Chairman Zubair Gilani told media that the government has planned to invite foreign investment for establishing tourism zones in Swat, Galiat, Hazara region, Gilgit Baltistan and other tourism zones. He said ... Read More »

Pakistan & Germany vow to strengthen economic ties

ISLAMABAD: Ambassador of Germany to Pakistan, Bernhard Stephan Schlagheck paid a courtesy call on Federal Minister for Economic Affairs Muhammad Hammad Azhar today. Both sides took stock of the existing development cooperation and expressed satisfaction at the trajectory of cooperation in different areas since 1961. The ambassador emphasized on a closer contact between the German Embassy and Economic Affairs Division ... Read More »

FBR announces benefits of timely filing income tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has announced benefits of filing annual income tax returns for tax year 2019 by due date i.e. September 30, 2019. According to media, the FBR in its ongoing campaign for encouraging people to file their income tax returns by due date highlighted advantages of filing by due date and also pointed out disadvantages of ... Read More »

FBR constitutes ‘anti-benami zones’ across Pakistan

ISLAMABAD: The Federal Board of Revenue (FBR) constituted ‘anti-benami zones’ to collect information regarding the undisclosed properties across the country over the directives of the Prime Minister Imran Khan. The zones will compile a complete database regarding the benami properties and assets with the assistance of provincial revenue authorities, provincial development authorities and Islamabad administration, the FBR spokesperson said on ... Read More »

After UAE, Pakistan asks Malaysia to help identify illegal fund holders

ISLAMABAD: Pakistan has formally requested the Malaysian tax authorities to assist in identifying Pakistanis who have taken their illegal funds out of the country and invested in Malaysia’s Residence by Investment (RBI) schemes and are now hiding behind RBI-based residential status. According to media, this development comes after FBR asked the United Arab Emirates for details of Pakistanis possessing an ... Read More »

Smugglers attacked customs staff with weapons, FIR registered

ISLAMABAD: The Customs ASO staff of MCC Islamabad have filed a FIR at Thana Mandhra against notorious smuggler Papa Shakeel and his companions who attacked on Customs staff with guns and iron rods and snatched one seized Mazda truck loaded with huge quantity of smuggled goods. According to FIR (first information report) provided to Customs Today, on secret information of ... Read More »

FBR transfers 4 PCS officers of BS-17-18

ISLAMABAD: Federal Board of Revenue (FBR) issued orders for transfers and posting of 4 officials of Pakistan Customs Service (PCS) with immediate effect and until further orders:- Details are as under: Deputy Collector Customs Collectorate of Appraisement East Muhammad Rizwan (BS-18) is transferred and posted as Deputy Collector Customs Collectorate of Appraisement Peshawar. Deputy Collector Collectorate of Customs Preventive Multan ... Read More »

FBR to launch ‘taxpayer friendly’ audit framework

  ISLAMABAD: Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi announced on Friday that “a taxpayers’ friendly, easy, simple and effective audit framework” will be launched in the first week of the next month. In a tweet, he said the purpose of the framework will be to facilitate reasonable taxpayers. “It will be designed to have a paradigm shift ... Read More »

CNIC issue will be settled soon: FBR Chairman Shabbar Zaidi

ISLAMABAD: The Federal Board of Revenue (FBR) sent an offer of talks to representatives of the trade bodies to settle all issues ranging from big retailers sales tax registration, CNIC condition and fixed tax regime for small shopkeepers. According to media, the olive branch came to the traders from FBR Chairman Shabbar Zaidi amid reports that some factions of traders ... Read More »

FBR offices to remain open till midnight on 30th

ISLAMABAD: Federal Board of Revenue (FBR) has directed Large Taxpayer Units (LTUs), Corporate Regional Tax Offices (RTOs) and Regional Tax Offices (RTOs) to remain open and observe extended working hours till 12:00am (midnight) on Monday (September 30) to facilitate the taxpayers in payment of duties & taxes and filing of Income Tax Returns/ Statements. According to the FBR’s instructions to ... Read More »

FBR detects 104 benami properties

ISLAMABAD: The Federal Board of Revenue’s Anti-Benami Zones have started a countrywide exercise to gather information of benami properties from the provincial revenue/development authorities and the Islamabad Capital Territory (ICT) Administration. According to media, the senior officers of these authorities were briefed on benami laws along with guidelines for identification and reporting of all such properties, said a statement issued ... Read More »

Macro adjustment policies showing stronger growth: MoF

ISLAMABAD: The Ministry of Finance has said that macro adjustment policies such as monetary tightening, exchange rate adjustments and cuts in development spending have started paying the desired results with stability and growing strength visible in many sectors of the economy. In a detailed statement, the Ministry has pointed out that the current account deficit declined significantly by 32.1 percent ... Read More »

FBR cuts 1Q revenue collection target by Rs41b

ISLAMABAD: The Federal Board of Revenue (FBR) has realigned its quarterly revenue collection targets with the benchmarks set by the International Monetary Fund (IMF). However, the overall annual target remains unchanged at Rs5.503 trillion. According to media, against the original target of Rs1.112 trillion, the FBR has now revised down the first quarter target to Rs1.071 trillion – a reduction ... Read More »

FBR establishes FATF Cell to ensure timely completion of action plan

ISLAMABAD: The Federal Board of Revenue (FBR) has established Financial Action Task Force (FATF) Cell in the office of Chairman FBR to ensure effective and timely completion of FATF related action plan. The FATF Cell will serve as focal point for all activities related to FBR’s compliance to FATF issues. The Cell shall make periodical reports, papers, briefs for discussion ... Read More »

Bill & Melinda Gates Foundation to provide $200m for Ehsaas programme

NEW YORK: Bill and Melinda Gates Foundation will provide Pakistan an amount of 200 million dollars for the implementation of the Ehsaas Program next year, reports Radio Pakistan. A memorandum of understanding in this regard was signed by the both parties in a meeting held in New York on Wednesday, according to the national radio service. The pledge came when ... Read More »

Supreme Court seeks FBR report on fake companies involved in tax evasion

ISLAMABAD: The Supreme Court on Thursday directed the Federal Board of Revenue (FBR) to submit a report within two weeks on measures taken to recover money from individuals receiving undue tax refunds through fraud. FBR Chairman Shabbar Zaidi told the court that the body had sent a summary to the Prime Minister’s Office for approval in order to initiate an ... Read More »

Number of tax filers to cross 5 million in next two years: Hammad Azhar.

ISLAMABAD: Minister for Economic Affairs, Hammad Azhar claimed that the number of tax filers in Pakistan would cross 5 million in next two years. The number of tax filers last year had increased to 2.6 million from 1.9 million, he said while talking to a private news channel. Referring to high inflation and price hike, he said the government was ... Read More »

‘Swaying international investment from US to Pakistan’: Hafeez Shaikh

NEW YORK: The Finance Adviser to the Prime Minister Imran Khan, Abdul Hafeez Shaikh, said that the government was putting efforts to direct the international investment from the United States towards Pakistan. The PM adviser told media that various meetings with business groups and businessmen were underway in the US to bring international capital to the country. The business community ... Read More »

Country heading in right direction as PM Imran Khan, Chairman NAB firmly take on corrupt elite

Under dynamic leadership of Justice Javed Iqbal, NAB ready to file 16 references against corrupt politicians, businessmen   ISLAMABAD: Under dynamic leadership of Justice (retired) Javed Iqbal, National Accountability Bureau (NAB) has actively pursued mega corruption cases in an attempt to eradicate this menace from the country. The Bureau has decided to file 16 references against the accused in mega ... Read More »

NAB striving hard to recover looted money: Chairman Javed Iqbal

  ISLAMABAD: National Accountability Bureau (NAB ) Chairman Justice ® Javed Iqbal presided over executive board meeting today which was also attended by deputy chairman NAB, prosecutor-general accountability, DG operations Rawalpindi and other senior officials. Addressing the meeting the chairman said that it is policy of NAB to apprise people about the decisions of executive board meeting while there is ... Read More »