LHC seeks comments from FBR on petition filed by M/s Fauji Foods Ltd

KARACHI: The State Bank of Pakistan (SBP) has launched an investigation to ascertain the circumstances surrounding the circulation of misprinted...

Passenger car sales climb by 118pc in February

KARACHI: Pakistan's automotive sector witnessed a sharp contrast in sales as the passenger car sales soared year-on-year in February despite...

New FM Aurangzeb’s first challenge is getting $6b from IMF: Bloomberg

ISLAMABAD: Renowned business and financial media platform Bloomberg has said that securing a $6 billion loan from the IMF will...

FTO seeks clarification from FBR regarding provident fund registration

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a clarification on the...

Karachi LTO posts 112pc growth in Feb direct tax collection

KARACHI: The Large Taxpayers Office (LTO) Karachi, a key arm of the Federal Board of Revenue (FBR), has achieved an...

KSE-100 index plunges over 1,000 points

KARACHI: Just a day after the cabinet was sworn in, bears on Tuesday gripped the Pakistan Stock Exchange (PSX) as...

Illicit cigarette sale increases to 60pc in South Punjab

MULTAN: The Pakistan Tobacco Company (PTC) shared the latest market trends and informed that the sale of illicit (smuggled, tax...

PFC to explore export opportunities in UK

LAHORE: A high-level delegation of Pakistan Furniture Council (PFC) will set for United Kingdom on March 15 with the aim...

Punjab govt to introduce short-term budget

LAHORE: The Punjab government has decided to expedite the approval process for a short-term budget through the provincial assembly. Punjab...

Tax collection vital for strong economy: PM Shehbaz Sharif

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has regretted that elite classes in the country had a monopoly over 90 percent...

Banks, stock market timings in Ramazan

KARACHI: The State Bank of Pakistan (SBP) has announced office timings for the holy month of Ramazan. According to the...

SHC suspends ad-interim Order filed against M/s Seven Star Tyres & Dhaal Enterprises

KARACHI: Sindh High Court (SHC) suspended an ad-interim order passed by Customs Appellate Tribunal against M/s Seven Star Tyres, Dhaal...

Muhammad Aurangzeb takes over slot of finance minister

ISLAMABAD: Renowned banker Muhammad Aurangzeb has officially taken over the top slot of finance minister after becoming part of 19-member...

MTBA newly elected office-bears takes oath

MULTAN: The Multan Tax Bar Association (MTBA) recently convened its annual conference at a local hotel, marked by a swearing-in...

FBR to resort to emergency fiscal measures to meet annual revenue targets

ISLAMABAD: The Federal Board of Revenue (FBR) has not achieved its revenue collection objectives for the second month in succession,...

FIA starts probe into illegal imports, operational anomalies in LPG sector

LAHORE: The Federal Investigation Agency (FIA) has launched an investigation into allegations of unauthorised imports and operational anomalies in the...

Revenue collection targets of current FY will be achieved: FBR chairman

LAHORE: The passing-out ceremony of the Inland Revenue Service (IRS) Officers of 50th Specialized Training Programme (STP) was held here...

Tax evasion: Customs PCA files FIR against M/s Eastern Steel Karachi

KARACHI: Customs Post Clearance Audit (PCA) South region has detected tax evasion scandal involving M/s Eastern Steel Karachi. The company...

Customs PCA North detects tax evasion of Rs1b by M/s Khyber Embroidery