FTO takes action against FBR despite Board’s denial

KARACHI: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has hailed the World Bank's recognition of Port Qasim as...

Trade Dispute Resolution Commission to boost investor confidence: FPCCI

KARACHI: Convener of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Committee on Food Shahid Imran welcomed...

President vows to transform Pakistan into leading maritime power

ISLAMABAD: President Asif Ali Zardari said Pakistan’s maritime future was bright and with unity of purpose and an unwavering commitment...

Petrol prices may increase from October 1

LAHORE: Prices of petroleum products are likely to be increased in upcoming review for first fortnight of October 2025. The...

Deadline for filing income tax returns will not be extended: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has denied the reports claiming that the deadline for filing income tax returns...

Pakistan to brief IMF about failure to meet tax collection target

ISLAMABAD: Islamabad is set to host the formal beginning of the second economic review meeting between Pakistan and the International...

German envoy meets finance minister to boost ties

ISLAMABAD: Ina Lepel, Ambassador of the Federal Republic of Germany to Pakistan, called on the Federal Minister for Finance and...

TCP issues new tender for 100,000 tons sugar

KARACHI: The Trading Corporation of Pakistan (TCP) has issued a tender to purchase 100,000 metric tons of white refined sugar,...

Export concessions cost Pakistan Rs44b in 2023-24, FBR report shows

ISLAMABAD: Duties and tax exemptions granted to Pakistani exporters under various schemes caused an estimated revenue loss of nearly Rs44...

Removal of MIS payments tab sparks confusion among taxpayers

ISLAMABAD: In yet another surprising move, the Federal Board of Revenue (FBR) has removed the MIS – Payments Details tab,...

China to invest $37m in donkey breeding in Pakistan

ISLAMABAD: Pakistan is set to witness a unique investment initiative as Chinese company Sing Ying has agreed to pour $37...

LHC to hear petition on petrol price hike

LAHORE: The Lahore High Court (LHC) has scheduled the hearing of a petition concerning the prices of petroleum products. According...

Port Qasim ranks 9th in World Bank’s Container Port Performance Index

KARACHI: Karachi’s Port Qasim has been ranked 9th in the World Bank’s Container Port Performance Index (CPPI) for the period...

FBR integrates provincial returns into IRIS Portal for simplified sales tax filing

ISLAMABAD: The Federal Board of Revenue (FBR) has successfully integrated provincial sales tax returns into its IRIS portal, enabling taxpayers...

Pakistan’s trade with Central Asia, Afghanistan & Azerbaijan hits $2.41b in FY25

KARACHI: Pakistan’s bilateral trade with Central Asian states, along with Afghanistan and Azerbaijan, surged to $2.41 billion in FY25, showing...

FBR abolishes asset market value condition in Income Tax filing

ISLAMABAD: The Federal Board of Revenue (FBR) removed the ‘estimated market value column’ from income tax return form 2025 on...

SECP signs MoU with PSX to get access to new surveillance system

ISLAMABAD: The Pakistan Stock Exchange Limited (PSX) and the Securities and Exchange Commission of Pakistan (SECP) have entered into a...

Denmark to launch 3-year strategic sector cooperation with Pakistan power sector: report

ISLAMABAD: Denmark is set to initiate a three-year Strategic Sector Cooperation (SSC) programme with Pakistan’s energy sector starting January 2026,...

FBR tax offices to remain open on Sept 27-28