Senate committee expresses concerns over higher rates of taxes on petroleum products
ISLAMABAD: The Senate Standing Committee on Finance and Revenue on Wednesday voiced concern over the increased rates of taxes on...
NA committee invites customs officials for briefing about import and export since 2013
ISLAMABAD: The National Assembly Standing Committee on Commerce on Wednesday directed the Federal Board of Revenue (FBR) to ensure presence...
Property tax not levied to benefit any individual, corporate group: FBR Chairman Nisar
ISLAMABAD: The Federal Board of Revenue (FBR) has dispelled the impression that tax scheme on property has been launched to...
NA Ports & Shipping Committee seek detailed report on external audit of KPT
ISLAMABAD: The National Assembly Standing Committee on Ports and Shipping has directed the ministry to submit a comprehensive report on...
FBR lowers share of customs duty in federal tax receipts from 19pc to 13pc in 10 years
ISLAMABAD: The strenuous efforts of the Federal Board of Revenue (FBR) have reduced the share of customs duty in federal...
Pak trade deficit against Indonesia soars up to $1,849m from $799m in last 5 years
ISLAMABAD: Pakistan’s trade deficit with Indonesia has increased more than one hundred percent during the last five years. In the...
Taxes collections from leather sector increase in three years: FBR sources
ISLAMABAD: The expanding leather sector has emerged as a prominent taxpayer during the last three years. In this regard, the...
Pakistan earns $12,735,879 from textile exports in fiscal year 2016-17
ISLAMABAD: Pakistan has earned $12, 735, 879 as foreign exchange from the export of textile products to various European, American,...
FBR’s measures reduce volume of pending amount of income, sales tax refunds significantly
ISLAMABAD: Measures taken by the Federal Board of Revenue (FBR) have significantly reduced the volume of pending income and sales...
Commerce ministry alive to fluctuating Pak-German trading trend
ISLAMABAD: Bilateral trade volume between Pakistan and Germany has been witnessing ups and downs over last five years because total...
No proposal under consideration of FBR on reduction of sales tax rate
ISLAMABAD: As all the essential commodities of common man's use are either totally exempted from levy of sales tax or...
MoC to establish Pharmaceutical Cosmetics Export Promotion Council
ISLAMABAD: The Ministry of Commerce (MoC) has started preparations for the establishment of Pharmaceutical Cosmetics Export Promotion Council (PCEPC) for...
FBR traces 303 addresses as part of Panama Leaks investigation, says chairman Nisar Khan
ISLAMABAD: The Federal Board of Revenue (FBR) has taken some important measures with regard to the investigation on Panama issue....
FBR Chairman Nisar briefs NA body on income tax for commercial, industrial importers
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has briefed the National Assembly Standing Committee on Finance and...
FBR’s policy board to be finalized next week: sources
ISLAMABAD: The policy board of the Federal Board of Revenue (FBR) will be finalized next week because the Senate has...
LPG sector: FBR collects sales tax, federal excise duty 4 times higher in 2015-16 than 2011-12
ISLAMABAD: The Federal Board of Revenue (FBR) has collected sales tax and the federal excise duty from LPG sector four...
China tops list of countries with highest trade deficit of Pakistan
ISLAMABAD: China is on the top of the list of 84 countries with whom Pakistan faces the highest level of...
Commerce ministry provides duties, taxes incentives to boost agri exports
ISLAMABAD: The Ministry of Commerce (MoC) has taken a number of measures to enhance export of agricultural commodities. There had...
Finance Ministry to explain progress on customs duties, taxes concession for Baloch importers today
ISLAMABAD: The Finance Ministry is set to explain the updated status of the issue of concession in customs duties and...
FBR chairman to brief Senate body on legal status of transfer of funds to UK by Mian Mansha
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan is likely to brief the Senate Standing Committee on Finance...
