Loans are not solution, world must honour climate pledges: PM Shehbaz

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a 10% withholding tax on wedding events, to be collected directly...

USS WAYNE E. MEYER arrives at Karachi Port for naval visit

KARACHI: The United States Navy ship USS WAYNE E. MEYER arrived at Karachi Port on a two-day goodwill mission, marking...

Govt resolves Rs1,225b power sector circular debt through collective efforts

ISLAMABAD: The Ministry of Finance on Thursday announced the successful resolution of Rs1,225 billion power sector circular debt, describing it...

FBR makes property value disclosure must in income tax returns

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced significant changes to the income tax return form on its online...

IMF mission reaches Pakistan for second economic review talks

ISLAMABAD: An International Monetary Fund (IMF) mission has arrived in Pakistan for the second review of the country’s economy under...

ECC allows commercial import of used vehicles with higher duties

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved commercial import of used vehicles not older than five years,...

FIs to receive subsidy on Raast P2M QRC transactions, Rs3.5b allocated: SBP

KARACHI: To promote the digital economy, the State Bank of Pakistan will provide a Rs3.5 billion targeted support to financial...

SHC admits two Customs SCRA cases on steel sheets

KARACHI: The High Court of Sindh (SHC) has admitted two Special Customs Reference Applications (SCRAs) moved by the Customs Department...

Sindh CM, US charge d’affaires discuss flood response, Keti Bunder project

KARACHI: US Charge d’Affaires Ms. Natalie Ashton Baker on Wednesday called on Sindh Chief Minister (CM) Syed Murad Ali Shah...

PM Shehbaz urges IMF to factor in flood damage in next economic review

NEW YORK: Prime Minister Shehbaz Sharif has urged the International Monetary Fund (IMF) to factor in the devastating economic impact...

Pakistan, Bangladesh chambers agree to strengthen trade ties

ISLAMABAD: Coordinator to the Prime Minister on Commerce Ihsaan Afzal Khan attended a networking session between the Dhaka Chamber of...

CII declares withholding tax on bank transactions un-Islamic

ISLAMABAD: The Council of Islamic Ideology (CII) has declared that withholding tax on bank withdrawals or transfers is un-Islamic and...

KP governor, FBR chairman discuss taxpayer facilitation, reforms

ISLAMABAD: Khyber Pakhtunkhwa Governor Faisal Karim Kundi visited the Federal Board of Revenue (FBR) Headquarters and held a meeting with...

M Shehbaz, WB president discuss Pakistan’s reform agenda, development partnership

NEW YORK: Prime Minister Shehbaz Sharif met with World Bank President Ajay Banga on the sidelines of the 80th United...

Punjab fines over 10,000 profiteers in 24 hours

LAHORE: On the directives of Punjab Chief Minister Maryam Nawaz, extensive action is underway against profiteers across the province. According...

FBR urged to enforce third-party audits to curb tax evasion

ISLAMABAD: Chief Commissioner Income Tax Ayesha Farooq has written a letter to the Federal Board of Revenue (FBR), raising serious...

IRIS generates computation errors as filing deadline looms

LAHORE: The Lahore Tax Bar Association (LTBA) has raised concerns over serious computation errors detected in IRIS, the Federal Board...

Junaid Anwar discusses Port Qasim’s development with PQA chairman

KARACHI: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry on Monday held a meeting with Chairman Port Qasim Authority...

Tax bar seeks extension in filing income tax returns