FBR introduces new mode of probing cases of tax evasion to win traders’ trust

07/08/2025

ISLAMABAD: Pakistan’s food import bill reached a record $8.14 billion in fiscal year 2024-25, up 3% from $7.90 billion in...

FBR silently removes MFA for tax consultants & sales taxpayers

07/08/2025

ISLAMABAD: In an unexpected and unannounced development, the Federal Board of Revenue (FBR) has removed the Multi-Factor Authentication (MFA) requirement...

FBR introduces tax scrutiny drive targeting 14 major sectors

07/08/2025

ISLAMABAD: In a major step to boost tax compliance and close revenue gaps, the Federal Board of Revenue (FBR) has...

Audit reveals Rs200b financial irregularities in Khyber Pakhtunkhwa

PESHAWAR: An audit report for the financial year 2024–25 has revealed shocking financial irregularities and suspicious expenditures worth Rs200bn in...

CCP showcases Pakistan’s market potential to visiting Chinese delegation

LAHORE: A high-level business delegation from the All-China Federation of Industry and Commerce (ACFIC), the national chamber representing private enterprises...

Police, business community liaison may revitalise economy: FCCI president

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) President Rehan Naseem Bharara said that liaison between the business community and...

President for boosting trade, economic ties with Oman

ISLAMABAD, Aug 6 (APP): Ambassador of the Sultanate of Oman to Pakistan, Fahad Sulaiman Khalaf Alkharusi Wednesday called on President...

Gwadar Port Authority, Chinese firm agree on industrial, commercial investments

KARACHI: Chinese company Xinning Enterprise and the Gwadar Port Authority (GPA) have signed an agreement to stimulate industrial and commercial...

FBR rolls out new tax deduction system for online shopping

ISLAMABAD: The Federal Board of Revenue (FBR) has rolled out a new mechanism to deduct sales tax on online purchases,...

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HYDERABAD: September 14 – Motorcyclist waiting for crossing a freight train at Makki Shah Railway Crossing. APP/AKS/IQJ/ABB

Pakistan launches $10b corridor to connect with Central Asia

KARACHI: Federal Minister for Railways Hanif Abbasi announced a $10 billion rail corridor project to connect Pakistan with Afghanistan and...

PM orders PRAL shutdown within six months

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the closure of Pakistan Revenue Automation Limited (PRAL) within six months, a move...

Govt’s non-tax revenue surges by Rs1,998b

ISLAMABAD: The federal government recorded a sharp rise in non-tax revenue during the last fiscal year, with earnings surging by...

CCoSOEs pushes for timely SOE appointments, approves new board nominations

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) underscored the need for timely and streamlined board appointments across state-owned entities...

Modern vocational training cornerstone of future prosperity: Nasir Mansoor Qureshi

ISLAMABAD: Nasir Mansoor Qureshi,President Islamabad Chamber of Commerce and Industry (ICCI), has stressed the urgent need for Pakistan to invest...

PM Shehbaz hails FBR reforms as key to rising tax collection

ISLAMABAD: Prime Minister Shehbaz Sharif expressed satisfaction over the rise in tax collection due to reforms in the Federal Board...

Ministry approves first int’l ferry service to connect Pakistan with GCC & Iran

KARACHI: The Ministry of Maritime Affairs on Monday granted its first-ever ferry service licence to international operator Sea Keepers, allowing...

FCA clears luxury vehicle at just Rs17,635, sparking concerns over under-invoicing, money laundering