FBR set for comprehensive restructuring

ISLAMABAD: A Chinese business delegation led by Zhang Yang, Chairman, Chang Jiang Industrial Company (Pakistan) Company Limited and Director Chongqing...

Pakistan can be a beneficiary as LNG spot price index touched last month $11.70

LAUNCESTON: Asia's imports of liquefied natural gas (LNG) rose to a record in December, but spot prices remained subdued as...

FBR’s restructuring plan finalized after consultation with IMF

ISLAMABAD: The recommendations for restructuring of the Federal Board of Revenue (FBR) have been completed after consultations with the International...

Collector Imran Bokhari’s Multan Enforcement seizes smuggled goods, vehicles worth Rs437.29m in Dec 2023

MULTAN: Under the dynamic leadership of Collector Syed Imran Bokhari, Collectorate of Customs, Enforcement seized smuggled goods and non-duty paid...

Chief Collector Mirza Mubashir Baig transfers superintendent, inspectors

LAHORE: Collectorate of Customs Enforcement Chief Collector Mirza Mubashir Baig has issued notification for transfer and posting of following officers...

Lahore RTO leads highest number of active taxpayers in 2023

LAHORE: The Regional Tax Office (RTO) Lahore has emerged as the frontrunner in registering the highest number of active taxpayers,...

Govt’s domestic debt surges to Rs41tr, reflecting 24pc YoY increase

KARACHI: The State Bank of Pakistan’s latest data reveals a substantial 24% year-on-year rise in the federal government’s domestic debt,...

LHC announces ruling regarding search warrants against corporate taxpayers

LAHORE: The Lahore High Court (LHC) has declared that the Federal Board of Revenue (FBR) cannot issue search warrants for...

Pakistan Customs notifies conditions for drawback repayment on export of imported goods

ISLAMABAD: Pakistan Customs has issued a set of conditions for the repayment of drawback on the export of imported goods...

SBP reserves increase $464m to reach over 5-month high of $8.2b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $464 million on a weekly basis,...

SRB issues new guidelines to banks on sales tax payment

KARACHI: The Sindh Revenue Board (SRB) has recently issued updated guidelines to banks concerning the payment of sales tax on...

FTO bars FBR from filing petitions against its orders at high courts

LAHORE: The Federal Tax Ombudsman (FTO) has strictly barred the Federal Board of Revenue (FBR) from filing Writ Petitions before...

Quetta Customs impounds 33 NDP vehicles worth Rs84.6m

QUETTA: Regional Directorate of Customs Intelligence & Investigation (I&I) Quetta has impounded 33 Japanese origin vehicles of various makes and...

FBR extends date for proposals on ‘HS codes’ new list

LAHORE: The Federal Board of Revenue (FBR) has extended date upto January 10, 2024 for leading sectors to submit their...

NEPRA okays Rs2.87 per unit hike in power tariff for K-Electric consumers

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs. 2.87 per unit for K-Electric customers...

Focus on narrow base for tax collection encourages informalization of economy: PBC

ISLAMABAD: The Pakistan Business Council (PBC) has labeled tax policy in Pakistan as regressive in nature and one that penalizes...

CDNS secures Rs50b in Islamic finance bonds

KARACHI: The Central Directorate of National Savings (CDNS) has secured Rs 50 billion in Islamic finance bonds at the end...

FBR decides to give rewards to LEAs for anti-smuggling activities

ISLAMABAD: The officers of the law enforcement agencies and intelligence agencies would now be entitled to rewards by the Federal...

FBR finalises scheme to ‘slap’ tax on retailers