IMF board likely to approve $700mln loan for Pakistan today
ISLAMABAD: The International Monetary Fund (IMF) executive board is likely to approve the first review of Pakistan’s $ 3 billion...
FBR may cancel customs registration for non-compliance
LAHORE: The Federal Board of Revenue (FBR) has powers to cancel customs registration for non-compliance to ensure compliance with prevailing...
Pakistan ‘hopeful’ of $2b UAE deposit rollover
ISLAMABAD: Pakistan is hopeful of getting $2 billion deposits rolled over by the United Arab Emirates (UAE), as the authorities...
Business community take advantage of GSP+ by diversifying exports: EU envoy
KARACH: Ambassador of European Union (EU) to Pakistan, Dr. Riina Kionka, Tuesday, advised business community of Karachi to broaden and...
ECC approves mechanism for average price of urea
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved a mechanism for the weighted average price of urea, directing...
Pakistan remittances in Dec recorded at $2.38b: SBP
KARACHI: Saudi Arabia remained the top source of remittances in December 2023, as Pakistan recorded an overall monthly inflow of...
Pakistan’s exports to Afghanistan increase by 9.10pc in 5 months
ISLAMABAD: Pakistan’s export of goods and services to Afghanistan witnessed an increase of 9.10 per cent during the first five...
Pakistan Customs updates baggage declaration rules for 2024
ISLAMABAD: Pakistan Customs has recently updated the rules governing baggage declaration for the tax year 2024. The amendments, incorporated into...
FBR notifies return filing deadlines for Tax Year 2024
ISLAMABAD: The Federal Board of Revenue (FBR) has released the deadlines for filing the annual return of income and wealth...
FPCCI invites Chinese investors for investment, JVs in local businesses
ISLAMABAD: The Federation Pakistan Chamber of Commerce and Industry (FPCCI) has invited Chinese investors from different sectors of the economy...
FTO detects tax evasion by Trusts controlling medical colleges
LAHORE: The Federal Tax Ombudsman (FTO) Dr. Asif Mehmood Jah has detected hugeirregularities by Trusts controlling the medical colleges. This...
Balochistan Customs seizes smuggled goods, vehicles worth Rs57b during 1H of FY2023-24
QUETTA: Collectorate of Customs Balochistan showed outstanding performance performance for the first half of the fiscal year 2023-24. According to...
Tax evasion: Customs SAPT files FIR against M/s Shahid Sons
KARACHI: Collectorate of Customs SAPT has registered a first information report (FIR) against M/s Shahid Sons for submitting fake invoices...
Consultative meeting on legal segregation of PIACL held
ISLAMABAD: Caretaker Minister for Privatisation Fawad Hasan Fawad chaired a consultative meeting on legal segregation of Pakistan International Airlines Corporation...
SRB seals M/s Toro Fitness (Pvt) Ltd for evading sales tax
KARACHI: The Sindh Revenue Board (SRB) has sealed the business premises of M/s Toro Fitness (Private) Limited, located at House...
FTO directs FBR to take action against hackers involved in forging sales tax returns
MULTAN: Hackers are bypassing the Federal Board of Revenue’s (FBR) sales tax system to amend sales tax returns of genuine...
SBP injects Rs1.25tr to address liquidity shortage in banks
KARACHI: The State Bank of Pakistan (SBP), has infused Rs1.25 trillion into both conventional and Shariah-compliant banks for up to...
Pakistan-UAE agrees to maximize bilateral trade ties
ISLAMABAD: The Pakistan and United Arab Emirates(UAE) agreed to maximize bilateral trade and facilitate Investment in Key Sector. Dr Gohar...
PFC delegation to attend Sial Montreal Canada Expo
LAHORE: Pakistan Furniture Council’s (PFC) delegation will attend a three-day Sial Montreal Canada Expo to be held from May 15...
Retailers seek tax relief amidst recent policy changes: LCCI
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Kashif Anwar has urged the Federal Board of Revenue (FBR) for...
