Petroleum dealers seek Rs2.20 per litre margin hike, NA committee calls for review
ISLAMABAD: Petroleum dealers urged the federal government to implement a long-pending increase of Rs2.20 per litre in their sale margins...
Businessmen slam FBR, FIA over alleged investor harassment
ISLAMABAD: Members of the business community, joined by officials from key economic ministries, on strongly criticized the Federal Board of...
Court provides clarity on cash gifts between blood relatives
LAHORE: In a sgnificant development for taxpayers, a recent tax court order has provided clarity on the taxability of cash...
FinMin Aurangzeb hints at final IMF programme if reforms succeed
KARACHI: Federal Finance Minister Muhammad Aurangzeb on Wednesday expressed optimism, stating that if the current reform agenda is implemented effectively,...
Maritime Minister launches complaint cell to speed up public services
ISLAMABAD: A minister's complaint cell has been launched as a key component of the upcoming comprehensive reforms in the maritime...
FBR imposes new system to collect sales tax from cement sector
ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new system to collect sales tax from cement sector. The...
SBP to announce new monetary policy on May 5
KARACHI: The State Bank of Pakistan will announce its new monetary policy on May 5. The business community and economic...
Pakistan-Kazakhstan IGC concludes with the signing of important protocols and MoUs
ISLAMABAD: The 13th Session of the Pakistan-Kazakhstan Joint Intergovernmental Commission (IGC) on Trade, Economic, Scientific, Technical and Cultural Cooperation was...
Pakistan-Canada meeting at PMO strengthens trade, investment
ISLAMABAD: Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce, met Daniel Arsenault, Counsellor at Canada’s High Commission,...
ICCI for exploring non-traditional markets, products to strengthen economy
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Monday emphasized the urgent need to explore greater opportunities in both conventional...
Karachi Enforcement foils bid to smuggle cloth worth Rs65m from Karachi to Lahore
KARACHI: Collectorate of Customs Enforcement Karachi foiled an attempt to smuggle foreign cloth worth PKR 65 million into the country...
PSO profit plunges 42pc to Rs10.67b in 9MFY25
KARACHI: Despite the overall decline in earnings, PSO’s other income edges up slightly to Rs17.11 billion from Rs16.74 billion recorded...
SBP urges tax base expansion, reduced burden salaried
KARACHI: The State Bank of Pakistan (SBP) has issued a strong recommendation to the government, advocating for policies that prioritize...
Salaried class bears record tax burden, contributing 10pc of national collection
LAHORE: Salaried class has paid a record Rs391 billion in income tax during the first nine months of the current...
Supreme Court questions distribution of super tax funds to provinces
ISLAMABAD: The Supreme Court of Pakistan raised important questions about the distribution of super tax funds during a recent hearing....
FBR chairman asks officials to ensure transparency, increase revenue
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has directed the tax officials to utilize all their capabilities...
IMF board meets on May 9 to review Pakistan’s loan programmes
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on May 9 to review Pakistan’s...
Banks to remain closed on May 1 due to Labour Day
KARACHI: The State Bank of Pakistan (SBP) and all commercial banks will remain closed for public dealings on May 1...
Sales tax return filing stopped by frequent FBR amendments
KARACHI: Registered taxpayers have reportedly faced significant difficulties in filing sales tax returns, with the process effectively grinding to a...
Non-filers likely to face transaction restrictions in budget 2025-26
ISLAMABAD: The federal government is expected to introduce stringent measures targeting non-filers in the upcoming budget 2025–26, with new legislation...
