FBR issues clarification about tax amendments with SRO 350

26/04/2024

KARACHI: The Sindh Revenue Board (SRB) has taken decisive action against tax evasion by sealing a prominent restaurant and an...

Pakistan’s foreign exchange reserves stand at US$ 13,280.5m

26/04/2024

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by US$ 74 million to US$...

Roshan Digital Account inflows soar to $7.660b in March

26/04/2024

KARACHI: The inflow of remittances under the Roshan Digital Account (RDA) rose to $7.660 billion by the end of March...

Sargodha Customs, LEAs foil bid to smuggle goods from Quetta to Dera Ghazi Khan

MULTAN: A joint effort by Collectorate of Customs Sargodha and law enforcement agencies (LAEs) has intercepted a major smuggling operation,...

Multan Enforcement seizes smuggled HSD worth Rs50m

MULTAN: Collectorate of Customs Enforcement has made a breakthrough by seizing 70,000 liters of High-Speed Diesel (HSD) in recent operations,...

Govt likely to decrease petrol, diesel prices from May 1

ISLAMABAD: The federal government is expected to decrease the price of petrol and diesel by Rs. 3.75 per liter and...

PM Shehbaz directs FBR to defer implementation of SRO 350

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to defer the implementation of the controversial...

IMF executive board likely to approve $1.1b funding for Pakistan on April 29

WASHINGTON: The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1...

FBR arrests industrialist involved in sales tax fraud worth Rs1.63b

TOBA TEK SINGH: A Federal Board of Revenue (FBR) team has arrested one of the owners of Faisalabad’s Gold Star...

Peshawar RTO seizes illegal cigarettes worth Rs162.6m

PESHAWAR: The Regional Tax Office (RTO) Peshawar Inland Revenue Enforcement Network (IREN) team has seized 1,869 packerites of non-duty/non-TTS cigarettes,...

PCJCCI keen to boost Peach industry in Swat

LAHORE: Peach of Swat is one of the most famous fruit of Pakistan, the mango may be Pakistan’s preferred fruit...

IPO to celebrate World Intellectual Property day April 26

ISLAMABAD: The annual World Intellectual Property Day, observed on April 26, 2024, is set to focus on the theme “IP...

Karachi I&I detects artificial leather import scam worth Rs220m

KARACHI: Regional Directorate of Customs Intelligence (I&I) has detected fraudulent scheme involving the import of artificial leather worth Rs220 million....

Bill to curtail jurisdiction of commissioner IR appeals tabled in NA

ISLAMABAD: In a move to streamline the tax appeal process, the federal government has introduced a new bill in the...

Quran Khawani held in honor of martyrs customs officials

MULTAN: Multan Customs officials held in honor of martyred customs officials. In a heartfelt tribute to the fallen heroes of...

KPT receives $50m upfront payment from AD Ports Group

KARACHI: Karachi Port Trust (KPT) has secured its first major revenue stream under a new concession agreement with Abu Dhabi...

FBR issues notices to 1,680 Tier-1 retailers to integrate with POS system

LAHORE: The Federal Board of Revenue (FBR) issued notice to 1,680 Tier-1 retailers to integrate into its Point of Sale...

SHC directs to release consignments imported by M/s Metallurgy International

KARACHI: Sindh High Court (SHC) customs appellate bench comprising Justice Muhammad Junaid Ghaffar and Justice Adan-ul-Karim Memon directed to release...

PSX hits historic high as KSE-100 crosses 72,000 mark