FBR directed to intensify efforts to meet tax collection target

ISLAMABAD: Federal Board of Revenue has extended the date of filing of withholding tax statements till September 26. The FBR,...

FBR estimates to collect Rs654b in Q1 to achieve Rs 3,621b target

KARACHI: The Federal Board of Revenue (FBR) has estimated to collect Rs 654 billion tax revenue during the first quarter...

200 buses to reach Lahore in a week after Customs clearance in Karachi

KARACHI: Around 200 Lahore Metro buses have reached Karachi and waiting for Customs clearance, which will take a week. According...

Sindh Excise launches vehicle-checking drive to nab tax defaulters

KARACHI: The Sindh Excise and Taxation Department Tuesday started the first phase of its road-checking campaign to nab vehicle tax...

Govt ‘to pay’ sales tax refunds in October

ISLAMABAD: The government may refund payments on sales tax to exporters in the start of next month, October. The Finance...

LCCI demands extension in IT returns filing date till December 31

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has urged the Federal Finance Minister Ishaq Dar and Chairman Federal...

Retain benefits for FPIs in Indo-Singapore tax treaty: ASIFMA

NEW DELHI: With India re-working taxation treaty with Singapore, an influential grouping of overseas investors has said capital gains tax...

Pakistan’s exports to Afghanistan drop 346,928 tonnes

KABUL: Exports to Afghanistan dropped to 346,928 Tons during the first two months of current fiscal compared to 394,500 Tons...

Qatar has low oil prices due to strong macroeconomic fundamentals:QNB

DOHA: QNB Group has published its Qatar Economic Insight September 2016 report. The report examines recent developments and the outlook...

Kuwaiti customs seize cocaine smuggler

KUWAIT CITY: Customs officers at Kuwait International Airport foiled an attempt by a Kuwaiti citizen to smuggle heroin and cocaine...

Philippines: Oil imports drop in 1st half

MANILA: The country’s oil import bill in the first half fell by almost 29% to $3.39 billion as the cost...

Kuwait’s Environment Public Authority signs deals with customs officials

KUWAIT CITY: The Environment Public Authority (EPA) has signed a memorandum of understanding (MoU) with the General Administration for Customs...

S&P upgrade Hungary’s currency

BUDAPEST: Standard & Poor’s Global Ratings has raised its long- and short-term foreign and local currency sovereign credit ratings on...

Indonesia investigates Ford for not paying tax

JAKARTA: Ford Motor Indonesia, which shut operations in the country in early January, is now under investigation by the Indonesian...

Illicit trade in tobacco increases by 28% in Norway

OSLO: Illicit trade in tobacco products increased by a staggering 28 per cent last year and cost the treasury some...

Belgium’s group to spend $1b on European acquisition

BRUSSELS: Life Healthcare Group (LHCJ.J) is ready to pay up to $1 billion on a European acquisition, its chief executive...

Denmark to purchase information about panama papers

COPENHEGAN: The Scandinavian nation’s taxation minister said Wednesday, Denmark will purchase leaked information from a Panamanian law office that helped...

Finance panel to hold talks before amending Bafi bill

KATHMANDU: The parliamentary Finance Committee said it would hold a final round of discussions with the finance and law secretaries...

Jordan, Kazakhstan agree to strengthen economic cooperation