FBR makes billions from income tax on electricity bills
ISLAMABAD: The Federal Board of Revenue (FBR) has no foolproof mechanism to ensure that a 7.5 percent withholding tax on...
Indus Motor’s after-tax profit drops by 39pc
KARACHI: Indus Motor Company (IMC), the assemblers of Toyota vehicles in Pakistan, has reported after-tax profit of Rs9.66 billion in...
Petrol, diesel likely to cross Rs300 mark for first time in country’s history
KARACHI: Amid a recent increase in global oil rates along with depreciation in the value of the rupee against the...
LHC orders NEPRA chairman to decide pleas against electricity bills within 21 days
LAHORE: The Lahore High Court has ordered the NEPRA chairman to decide on the applications demanding relief in inflated electricity...
FBR asks companies, AOPs to keep record of beneficial owners for 10 years
ISLAMABAD: The Federal Board of Revenue (FBR) has directed all companies and association of persons (AOPs) to retain the records...
RCCI ‘s delegation to explore business opportunities in the Cairo conference
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) will lead a historic delegation for an unprecedented business opportunities conference...
ECC continues ban on sugar exports
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet reviewed its prevision decision regarding sugar export quota and continued ban...
SHC seeks report from DIG traffic on illegal parking fee
KARACHI: The Sindh High Court heard the plea against the unlawful parking areas and collection of parking fee and sought...
ANF seizes 75 kg drugs; arrests seven accused
RAWALPINDI: Anti-Narcotics Force (ANF) Pakistan while conducting seven operations across the country, managed to recover 75 kg drugs and arrested...
Commerce Ministry devising a plan to boost exports: Gohar Ejaz
ISLAMABAD: The Ministry of Commerce and Industries is devising a plan to boost the country’s exports by extending all-out support...
ICCI calls for revisiting PPAs with IPPs to save businesses
[ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that the root cause of the surging...
BoP’s balance sheet surpasses Rs2-tr mark in 1st half of 2023
LAHORE: The Board of Directors of The Bank of Punjab convened on August 24, 2023, to review and approve the...
FBR imposes new WHT rates on electricity bills
ISLAMABAD: The Federal Board of Revenue (FBR) has unveiled revised withholding tax rates on electricity bills for the fiscal year...
Customs Court approves six days remand of suspect involved in smuggling of foreign origin liquor
KARACHI: Collectorate of Customs Port Mohammad Bin Qasim (PMBQ) had prevented an effort to smuggle imported alcohol worth more than...
IMF to review FBR’s performance under SBA today
ISLAMABAD: The Federal Board of Revenue (FBR) will resume virtual talks with the International Monetary Fund (IMF) on Monday to...
Lawyers urge govt to lower electricity rates, abolish taxes in bills
MUZAFFARGARH: In a significant show of dissent, the District Bar Association of Muzaffargarh orchestrated a full-day strike and protested against...
SECP issues first ever Shariah Compliance Certificates to 2 REITs
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) on Friday issued the first-ever Certificates of Shariah Compliance to two...
FTO Dr. Asif Mahmood Jah reconstitutes advisory committee
PESHAWAR: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has reconstituted the advisory committee by selecting 22 persons as its...
FBR kicks off registration process for customs auctioneers
ISLAMABAD: The Federal Board of Revenue (FBR) has started the registration process for Customs Auctioneers. In an announcement, FBR invited...
Pak-Uzbekistan expresses optimism to achieve bilateral trade potential
ISLAMABAD: Pakistan and Uzbekistan expressed optimism regarding the potential for increasing the bilateral trade partnerships and cooperation in various sectors....
