Customs Court approves bail of accused in Tramadol smuggling case

LAHORE: In a significant ruling, the Lahore High Court (LHC) has held that no criminal proceedings can be initiated against...

PTBA urges FBR to extend e-integration deadline for corporate sales taxpayers

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the deadline for...

PM Shehbaz chairs review meeting on FBR reforms

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif chaired a high-level review meeting today to assess ongoing reforms and initiatives within the...

Budget 2025-26: Pakistan sets economic growth target at 4.2pc

ISLAMABAD: The Pakistan government has set economic targets for the upcoming Budget 2025-26 budget. As per details, the government has...

Govt increases petrol price by Re1 per litre

ISLAMABAD: The federal government has hiked the petrol price by Re1 for the next fortnight. After this decision, the new...

Salaried class likely to get tax relief in budget after IMF nod

ISLAMABAD: The International Monetary Fund (IMF) has reportedly agreed to provide income tax relief to the salaried class in the...

Customs officers accused of shooting dead youth in Karachi

KARACHI: A young man was killed in alleged firing by Customs officials near the Boat Basin signal in Karachi. According...

42pc people express confidence in govt’s economic policies

KARACHI: A recent survey conducted by Ipsos Pakistan revealed that 42 per cent of Pakistanis express confidence in the current...

Sindh farmers urge FBR to cut duties on tractors in upcoming budget to support agriculture

KARACHI: Small farmers from Sindh have formally requested the Federal Board of Revenue (FBR) to reduce the customs duty on...

Summary of proposed tax measures for FY26 budget

ISLAMABAD: Key tax proposals for the upcoming fiscal year 2025-26 budget are emerging, indicating a strategic focus on enhancing corporate...

FBR’s provisional collection tops Rs935b in May, shortfall narrows

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected over Rs935 billion in May 2025, falling short of its...

FBR official stresses importance of proper document submission

LAHORE: In a recent awareness lecture delivered at the Lahore Tax Bar, Member Inland Revenue Muhammad Mohsin Virk underscored the...

Tariff talks: FinMin Aurangzeb holds telephonic contact with US representative

LAHORE: Formal negotiations have begun between Pakistan and the United States on mutual tariffs. In this regard, Federal Finance Minister...

51 new officers deployed to CEU during Pakistan Customs reforms

KARACHI: Chief Collector Appraisement South Nasir Jameel has recently posted 51 new BS-16 officers in the Central Examination Unit (CEU)....

SHC dismisses petitions on Valuation Ruling, cites past decisions

KARACHI: The Sindh High Court (SHC) headed by Justice Agha Faisal has rejected several petitions moved by M/s Abdullah &...

No ban on cryptocurrencies: SBP

KARACHI: The State Bank of Pakistan (SBP) clarified that it has never declared virtual assets (VAs), including cryptocurrencies as illegal....

Organized retail sector demands overhaul of tax structure in FY26 Budget

ISLAMABAD: Pakistan’s organized retail sector, represented by the Chainstore Association of Pakistan (CAP), has issued a strong appeal to the...

FBR misses tax target by Rs1 trillion in eleven months

ISLAMABAD: The Federal Board of Revenue (FBR) has fallen significantly short of its tax collection target for the first 11...

IMF questions Pakistan’s decision to allocate electricity for Bitcoin mining, AI projects