FBR directs license cancellation for Peshawar cosmetic firm Over tax evasion

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that all its field offices across the country will operate on...

FBR recovers Rs53b through automatic audit closure in Tax Year 2024

ISLAMABAD: The Federal Board of Revenue (FBR) has successfully collected a significant amount of Rs53 billion during the tax year...

Govt approves Rs36bn in new taxes in Finance Bill

ISLAMABAD: National Assembly's Standing Committee on Finance has approved the government's decision to impose an additional Rs36 billion in new...

Rana Ihsaan Afzal meets Car dealers’ association to discuss import Policy reforms

ISLAMABAD: Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister of Pakistan on Commerce, conducted a meeting with Patron in...

Port Qasim cuts exporter charges by 50pc to boost trade: minister

KARACHI: Port Qasim Authority (PQA) has announced a 50 percent reduction in port charges for exporters, aligning with the government’s...

Minister says country holds ample petroleum reserves amid fears of closure of Strait of Hormuz

ISLAMABAD: Pakistan has ample petroleum reserves and an uninterrupted supply chain, a minister said amid fears that Iran may cut...

AGP detects Rs836.43b in financial irregularities in Sindh govt departments

KARACHI: The Auditor General of Pakistan (AGP) has revealed financial irregularities worth over Rs836.43 billion across various departments of the...

LTO Karachi assigned jurisdiction over OICCI for tax oversight

KARACHI: The Federal Board of Revenue (FBR) has issued an official notification transferring the tax jurisdiction of the Overseas Investors...

Govt bars under-declared taxpayers from buying high-value assets, capping bank deposits and investments

ISLAMABAD: The federal government has introduced sweeping restrictions on asset acquisitions and financial activity for individuals who fail to declare...

Pakistan orders emergency fuel imports amid Iran-Israel war

KARACHI: In light of the ongoing Iran-Israel conflict, the Oil and Gas Regulatory Authority (Ogra) has instructed oil marketing companies...

Empowering women a must for economic uplift: PFC

LAHOR: Women empowerment is of immense significance in the global economy, including Pakistan, as it has far-reaching implications on various...

FBR extends deadline for software integration for taxpayers

LAHORE: The Federal Board of Revenue (FBR) has extended the deadline for both corporate and non-corporate taxpayers to integrate their...

Pakistan’s rice exports to China surge by 121pc in first five months of 2025

BEIJING: Pakistan’s rice exports to China witnessed a remarkable 121% year-on-year increase in the first five months of 2025, signaling...

PM directs formation of 3 specialized committees to promote cashless economy

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday directed the formation of three specialized committees: the Digital Payments Innovation and...

IMF rejects tax rebate for teachers & researchers, FBR informs NA Committee

ISLAMABAD: The International Monetary Fund (IMF) has rejected the Federal Board of Revenue’s (FBR) proposal to allow a 25 percent...

CDNS collects R 24b in Islamic investment

KARACHI: The Central Directorate of National Savings (CDNS) has achieved the annual collection target of Rs24 billion in investment in...

Improvements being made in tax laws: FinMin Aurangzeb

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb said on Monday that improvements are being made to tax laws and that an...

UBL, Bank Alfalah, Sindh Bank among 72 sealed in Lahore

LAHORE: The Lahore Development Authority (LDA) sealed 72 illegal commercial buildings and commercialisation fee defaulter premises in different housing schemes...

FBR poised to freeze bank accounts of businesses not registered in sales tax