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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

ECNEC gives nod to multi-billion highways & infrastructure projects in power sector

ISLAMABAD: Executive Committee of the National Economic Council (ECNEC) has approved separate projects, including construction of 21-km long dedicated Yellow Bus Rapid Transit-BRT Corridor linking Landhi to Numaish, 47.55km Peshawar-Torkham Motorway Project and interlinking of 220 kV Daharki, Rahim Yar Khan, Bahawalpur and Chishtian Grid Stations for improvement of power supply system in southern areas. The decisions were taken in ... Read More »

Condition of CNIC for purchase of over Rs50,000 could be relaxed for one month: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi here on Tuesday said that the government was ready to accept all valid demands of the traders, according to media. Talking to journalists, Shabbar Zaidi said that the condition of Computer National Identity Card (CNIC) for purchase of over Rs50,000 could be relaxed for one month. He further said ... Read More »

FBR decides to install machines at mega retail stores, malls to monitor sales

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to issue new rules for bringing mega retailers outlets and shopping malls into registration through point of sale system. According to media, the computerised machines will be installed at mega retail stores and shopping malls that will be-linked with the FBR system in order to avoid tax evasion worth billions of ... Read More »

FBR collects Rs960b during 1Q: Chairman Shabbar Zaidi

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs960 billion in the first quarter of current fiscal year 2019/2020, which is about 90 percent of the target for the quarter, Syed Shabbar Zaidi, Chairman, FBR said on Monday. In a message on social media, he said that tax collection up to 90 percent of highly aggressive target for quarter ... Read More »

FBR to bring 5 million people under tax net in next two years

ISLAMABAD : Federal Board of Revenue (FBR) is committed to provide the best modernize service through its help line system in a free, fast and reliable mode. The success of FBR Helpline can be gauged from the fact that number of tax return filers increased to 2.6 million from 1.9 million in one year which is expected to be increased ... Read More »

Federal cabinet approves first ever e-commerce policy

ISLAMABAD: The federal cabinet meeting presided over by Prime Minister Imran Khan here in Islamabad has approved the first ever e-commerce policy of the country, according to media on Tuesday. Special Assistant to Prime Minister Imran on Information and Broadcasting, Dr Firdous Ashiq Awan, while briefing media about the federal cabinet meeting, said the cabinet has approved the e-commerce policy ... Read More »

FBR to implement WB funded ‘Pakistan Raises Revenue Project’

  ISLAMABAD: Federal Board of Revenue (FBR) decided to hire Chief Information Officer and consultants including procurement specialist, financial management specialist, environment & social management specialist and contract management specialist to work for Program Office established at FBR in various capacities. According to the details, Government of Pakistan (GOP) and the Federal Board of Revenue Pakistan (FBR) have made significant ... Read More »

FBR extends income tax filing deadline to Oct 31

ISLAMABAD: The Federal Board of Revenue (FBR) on Monday extended the deadline for filing of income tax returns for the tax year 2019 to Oct 31. “In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to extend the date of filing of income tax returns/statements for the ... Read More »

FBR may continue to adopt go-slow policy till January 1 over implementation of CNIC condition

KARACHI: The Federal Board of Revenue (FBR) may continue go-slow policy for gradual implementation of Computerized National Identity Cards (CNICs) condition of the un-registered buyers till January 1, 2020. Sources told media that the FBR may continue existing go-slow policy for implementing the CNICs condition fully till January 1, 2020 in view of existing situation where both FBR and traders ... Read More »

No slowdown in CPEC: Chinese envoy

ISLAMABAD: Chinese Ambassador to Pakistan Yao Jing categorically ruled out a slowdown in the projects falling under the China-Pakistan Economic Corridor (CPEC) agreement. “There is no slowdown of CPEC as its foundation is solid and direction is set for the beginning of a new stage of CPEC,” Jing stated in his address at the Friends of Silk Road seminar organised ... Read More »

FBR urges people to check transactions details, file IT returns

ISLAMABAD: Federal Board of Revenue (FBR) urged people to file their annual returns on the basis of information, which is already possessed by the FBR. According to media, the FBR said that it had information of those people who had made transactions and paid withholding taxes. These information are included: bank accounts, assets, foreign travels, payment for utility bills etc. ... Read More »

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 »