Govt rules out abolishing Export Facilitation Scheme (EFS)
LAHORE: The government has decided against withdrawing or replacing the Export Facilitation Scheme (EFS) in the upcoming federal budget for...
Pakistan’s exports to Afghanistan increase by 64.48pc to $623m
ISLAMABAD: Pakistan’s export of goods and services to Afghanistan witnessed an increase of 64.48 percent during the first nine months...
Business community expressed displeasure over Tax Laws amendments
RAWALPINDI: The business community has expressed serious concern over the promulgation of the Tax Laws (Amendment) Ordinance, 2025, terming it...
Tax Law (Amendment) Ordinance aims to address urgent legal, administrative gaps
ISLAMABAD: Tax Laws (Amendment) Ordinance, 2025, which was promulgated by the President of Pakistan on May 2, 2025, is aimed...
FBR to set up a facilitation counter for taxpayers’ guidance
KARACHI: Senior officers of Federal Board of Revenue (FBR) held a meeting with various associations of the business community to...
Govt aims for ambitious Rs14.3 trillion tax target for FY26
The federal government is reportedly preparing to set a significantly higher tax collection target of Rs14.3 trillion for the upcoming...
Finance Minister Aurangzeb leaves on UK visit
ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb left for London on Tuesday to engage with British officials,...
PCS officer Fahad Khan declines huge bonus as protest
MULTAN: An officer from the Islamabad Collectorate of Customs (Enforcement) has declined the monetary reward offered under the newly introduced...
CDNS achieves Rs23.5b in Islamic investment, by start of 4Q of FY2025
ISLAMABAD: The Central Directorate of National Savings (CDNS) has attained the annual collection target of Rs23.5 billion in investment in...
Lahore Appraisement East posts 35pc revenue surge
LAHORE: Under the dynamic leadership of Collector Mehreen Nasim and Additional Collector Pirzada Omer Qasmi, Collectorate of Customs Appraisement (East),...
PM directs accelerated action against tax evasion, under-invoicing
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday directed authorities concerned to accelerate actions against tax evasion, under-invoicing, and other...
Indo-Pak tensions disrupt regional trade flows
PESHAWAR: Rising tensions between Pakistan and India have disrupted regional trade flows, leaving Afghan truckers stranded and businesses facing mounting...
Rising tensions with India to take its toll on Pakistan’s economy: Moody’s
ISLAMABAD: In a policy note on Monday, Global rating agency Moody’s cautioned that growing tensions between India and Pakistan would...
FBR faces 13,000 complaints in first four months of 2025, up from 2,000 in 2024
ISLAMABAD: Despite a high-profile transformation plan, the Federal Board of Revenue (FBR) is facing a surge in maladministration complaints, which...
SBP cuts interest rate by 100bps to 11pc as inflation cools down
KARACHI: State Bank of Pakistan (SBP) on Monday lowered the key interest rate by 100 basis points (bps), bringing it...
FTO orders Customs to return gold held Illegally for 27 years
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed Pakistan Customs to return 170 tolas of gold unlawfully held for over...
PCC positions Pakistan as rising force in global crypto diplomacy in just 50 days
ISLAMABAD: The Pakistan Crypto Council (PCC), in just 50 days since its launch on March 14, 2025, has achieved what...
FBR extends e-invoicing deadline for corporate, non-corporate taxpayers
ISLAMABAD: The Federal Board of Revenue (FBR) has announced a one-month extension for corporate and non-corporate taxpayers to comply with...
Govt directs gas companies to begin billing captive power users under new grid levy
ISLAMABAD: The federal government has instructed gas utilities to initiate billing of captive power consumers under the newly enacted Grid...
Chinese firm raises concerns over Gwadar coal project delays, tariff disputes
GWADAR: The Chinese company M/s CIHC Pak Power Company Limited (CPPCL), which is set to establish a 300 MW coal-fired...
