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
ISLAMABAD: The Oil Companies Advisory Council (OCAC) has sounded the alarm over the resurgence of illegal fuel trade, warning the...
Pakistan receives $4.9b in foreign aid & loans in 8 months
KARACHI: Pakistan has received $4.9 billion in external financial assistance during the first eight months (July-February) of the current fiscal...
FBR extends deadline for filing of sales tax returns till March 27
ISLAMABAD: The Federal Board of Revenue (FBR) has officially extended the deadline for filing sales tax returns until March 27,...
ICCI President sounds alarm over current business conditions in Islamabad
ISLAMABAD: The President of the Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi, has voiced concerns over the...
Neelum-Jhelum plant closure causes Rs33bn loss, inquiry into tunnel collapse ongoing
ISLAMABAD: The Ministry of Water Resources informed the National Assembly that the Neelum-Jhelum hydropower plant has remained non-operational since May...
