IMF declines India’s request to revisit Pakistan’s loan, board to meet on May 9
ISLAMABAD: The International Monetary Fund (IMF) has not accepted India’s reported request to revisit Pakistan’s ongoing loan arrangements, reaffirming its...
Pakistan loses Rs3.4 trillion annually to illicit trade, smuggling & counterfeit goods
LAHORE: Pakistan loses an estimated Rs3.4 trillion annually in tax revenue due to illicit trade, with smuggling and counterfeit goods...
Weekly foreign exchange reserves decline by $184m: SBP
KARACHI: Pakistan’s total foreign exchange reserves witnessed a decline of $184 million during the week ending April 25, 2025, according...
FBR launches audit drive targeting income & sales taxpayers
ISLAMABAD: The Federal Board of Revenue (FBR) is set to embark on a comprehensive audit initiative designed to encompass both...
Finance minister briefs S&P on reform progress and economic stability outlook
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, along with his team held a Zoom meeting with representatives...
SAARC Chamber delegation calls on Commerce minister, seeks support for upcoming regional trade event
ISLAMABAD: A delegation from the SAARC Chamber of Commerce and Industry, led by Hina Mansab Khan, Chairperson of the SAARC...
Finance Minister terms US Tariffs as a manageable situation for Pakistan
KARACHI, Apr 30 (APP): The Federal Minister for Finance and Revenue, Muhammad Aurangzeb expressed confidence that the situation evolving at...
KTBA urges FBR to address functional & procedural anomalies in IRIS system
KARACHI: The Karachi Tax Bar Association (KTBA) has formally brought to the attention of the Federal Board of Revenue (FBR)...
ATIR declares unlawful sealing of business by tax authorities
ISLAMABAD: In a significant ruling, the Islamabad bench of the Appellate Tribunal Inland Revenue (ATIR) has declared the sealing of...
Karachi Enforcement foils bid to smuggle 14,000 donkey skins to China
KARACHI: Collectorate of Customs anti-smuggling squad have foiled an attempt to smuggle over 14,000 donkey skins to China, raising serious...
AI system launched in Pakistan to streamline cross-border trade
ISLAMABAD: A technology company from Pakistan has introduced AI Faceless Operations — a fully automated, 24/7 system designed to digitize...
FBR tax collection increases 30pc in April 2025
ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that tax collection increased by 30 percent on month-on-month basis in...
FBR seals famous clothing brand in Karachi for tax evasion
KARACHI: The Federal Board of Revenue (FBR) has sealed the offices and outlets of a well-known clothing brand, Sowears, in...
IMF’s Outlook 2025 predicts 2.6 to 3.6pc growth in Pakistan
ISLAMABAD: International Monitory Fund (IMF) has issued the Regional Economic Outlook 2025 for Pakistan, predicting its growth rate 2.6 percent...
Finance Minister underscore’s macroeconomic stability, private sector’s role in engagement with OICCI
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Friday underscored the importance of macroeconomic stability and enhancing...
Inflation slides to record low of 0.3pc in April
KARACHI: Pakistan’s headline inflation cooled to 0.3% year-on-year (YoY) in April 2025, down sharply from 17.3% a year earlier and...
SBP likely to hold policy rate at 12pc despite easing room: Bloomberg Economics
LAHORE: The State Bank of Pakistan (SBP) is expected to maintain its benchmark interest rate at 12% in its upcoming...
PTAF seeks FBR’s chairman intervention over inefficiency of customs field formations
KARACHI: Pakistan Tax Advisory Forum (PTAF) expressed serious concerns over the several pressing issues prevalent in the field formations of...
Recent Customs reforms being seen major policy misstep
MULTAN: Federal Board of Revenue recent Customs reforms is now being seen as a major policy misstep which aimed at...
Joint operation by Multan Customs & LEAs busts counterfeit cigarette factory in Jalalpur Pirwala
MULTAN: In a major success against counterfeit trade, Multan Customs Enforcement, in collaboration with law enforcement agencies, conducted a joint...
