FBR exceeds revenue target, collects Rs760b in May

ISLAMABAD: The federal government slashed the price of petrol by Rs 4.74 per litre for the next fortnight. After the...

FBR fires four senior IR officers involved in sales tax refund scam

LAHORE: The Federal Board of Revenue (FBR) has removed four senior Inland Revenue officers from their positions just one week...

IMF demands Pakistan to ‘public’ parliamentarians, ministers’ assets

ISLAMABAD: The International Monetary Fund (IMF) on Saturday demanded Pakistan to public office holders, government officials, ministers, and parliamentarians. According...

APCC reviews annual plan, projects GDP growth at 3.6pc for FY2024-25

ISLAMABAD: The Annual Plan Coordination Committee (APCC) reviewed proposed annual plan for fiscal year 2024-25, noting that economic outlook for...

IHC disposes of petition after implementation of CAT order

MULTAN: The Islamabad High Court (IHC), bench headed by Justice Babar Sattar, has disposed of a writ petition filed by...

Multan Customs faces hurdles to achieve revenue collection target

MULTAN: Collectorate of Customs Enforcement is grappling with substantial hurdles in meeting its revenue targets for the fiscal year 2023-24....

MCCI demands customs authorities to cease practice o upfront payment of duties, taxes

MULTAN: Multan Chambers of Commerce and Industry (MCCI) has demanded customs authorities to cease the practice of requiring upfront payment...

FTO seeks urgent decision regarding disposal of confiscated ambulances, vehicles

MULTAN: The Federal Tax Ombudsman (FTO) has recommended that the Economic Coordination Committee (ECC) make an urgent decision regarding the...

CDWP recommends two projects worth Rs609.45b to ECNEC

ISLAMABAD: The Central Development Working Party (CDWP) recommended two projects worth Rs609.45 billion to the Executive Committee of the National...

EIC, SCCI agree to establish consortium of companies in Ethiopia

ISLAMABAD: The Ethiopian Investment Commission (EIC) and Sialkot Chamber of Commerce and Industry (SCCI) signed a landmark Memorandum of Understanding...

Govt committed to support local industry: Finance Minister

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb reiterated the government’s commitment to support the local industry. During...

Around 21,870 retailers register under FBR’s Tajir Dost Scheme by May 30

ISLAMABAD: Federal Board of Revenue (FBR) on Friday informed that a total of 21,870 retailers have been registered under the...

Mis-declaration: Lahore Adjudication imposes penalties on Zaniq Green & FK Enterprises

LAHORE: Collectorate of Customs Adjudication Lahore Collector Saira Agha held the importer M/s Zaniq Green and directed confiscation of the...

Budget 2024-25: Pakistan likely to unveil relief package for power consumers

ISLAMABAD: The Pakistan government is expected to unveil a new relief package aimed at small consumers who use up to...

FBR ‘sets’ Rs12,900b tax collection target for FY2024-25

ISLAMABAD: The Federal Board of Revenue (FBR) has ‘fixed’ the Rs12,900 billion tax collection target for the upcoming fiscal year...

Pakistan’s foreign exchange reserves stand at $14.31b

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at US$ 9.093 billion after a...

Pakistan signs MoUs with Kuwait on industrial cooperation

KUWAIT: Pakistan and Kuwait signed memorandums of understanding in the fields of industrial cooperation and engineering on Thursday. These MoUs...

PTA clears air about removal of taxes on cellphones

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has released an important clarification regarding the taxes imposed on bringing mobile phones from...

FTO bars FBR to demand CPRs from taxpayers