Rs39 hike in FED per cigarette pack may generate additional revenue of Rs67.4b

26/03/2025

ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb has called for inclusive and equitable globalization to benefit the developing...

Karachi LTO seals M/s Collectibles outlets due to sales tax fraud

KARACHI: The Large Taxpayers Office (LTO) Karachi has taken decisive action against M/s. Collectibles, a well-known luxury watch retailer, by...

ECC approves changes in Reko-Diq development plan

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet here on Tuesday approved changes to the Reko-Diq Project’s development plan...

Economic indicators stable, key areas show gradual growth in March

ISLAMABAD: The country’s external and internal economic sectors, including fiscal policy, remained stable in March with exports, Foreign Direct Investment...

SECP appellate bench resolves 100 appeals in one year

ISLAMABAD: The Appellate Bench of the Securities and Exchange Commission (SECP), the highest quasi-judicial appellate body, has successfully disposed of...

NTC collects Rs40b in anti-dumping duties over 25 years

ISLAMABAD: Pakistan’s National Tariff Commission (NTC) has collected Rs40 billion in revenue over the last 25 years by imposing anti-dumping...

Lowering tax targets to ease burden on industry: KATI

KARACHI: The Korangi Association of Trade and Industry (KATI) has welcomed the reduction in the tax target for the fiscal...

FBR issues revised methodology for settlement of classification disputes

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a revised methodology to streamline the resolution of classification disputes in...

CDNS achieves target of Rs22b in Islamic investment

KARACHI: The Central Directorate of National Savings (CDNS) has realized the annual collection target Rs22 billion in investment in Islamic...

Majority in Pakistanis have no access to financial services: ADB

ISLAMABAD: A majority of population in Pakistan have no access to financial services, says an Asian Development Bank (ADB) report...

Failure of assesses to submit documents cannot halt benefits

MULTAN: A tax appellate forum has declared that failure on the part of an assesses to submit documents within prescribed...

NHA profits decline as annual expenditures jump 46pc

ISLAMABAD: The Ministry of Finance says that the NHA holds outstanding loans totaling around Rs3.1 trillion, with an annual debt...

Cotton growers urge government to prioritize water for existing crops

ISLAMABAD: Pakistan’s cotton crop is facing serious challenges due to severe water shortages in major dams and the unavailability of...

Customs ASO foils bid to smuggle narcotics worth Rs14.2m from Balochistan to Karachi

KARACHI: Pakistan Customs successfully thwarted an attempt to smuggle a large quantity of narcotics from Balochistan to Karachi. The estimated...

IMF rejects FBR request to cut property transaction taxes in Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has refused the Federal Board of Revenue (FBR) appeal to slash taxes on real...

PM Shehbaz directs to evolve legal framework for FBR recoveries

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to evolve a comprehensive legal framework on permanent basis regarding Federal Board of...

Pakistan, Netherlands discuss trade, investment expansion

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan and the Dutch Ambassador to Pakistan Henny Fokel de Vries on Monday...

Collector Tayyba Kiyani leads operation to seize smuggled iPhones worth millions at AIIA

LAHORE: Collectorate of Customs team deputed at Allama Iqbal International Airport (AIIA), under the leadership of Collector Customs Tayyba Kiyani,...

OCAC warns FBR of resurgent fuel smuggling, Rs1.5b daily revenue loss