FBR dismisses three customs inspectors over involvement in clearance scam

MULTAN: Directorate of Customs Intelligence and Investigation (I&I) intercepted two containers of non-custom paid goods worth Rs355 million at Faisalabad...

Gwadar I&I seizes smuggled sugar & plastic worth Rs36m in three IBOs

GWADAR: Directorate of Customs Intelligence and Investigation (I&I) team has seized smuggled sugar and plastic worth Rs 36 million in...

PAAPAM & IAPMA to exchange technologies & barter parts, raw material

LAHORE: Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) and the Iranian Auto Parts Manufacturers Association (IAPMA) have announced...

Pakistan earns $892m by exporting transport services during FY2023

ISLAMABAD: Pakistan earned $892.890 million by providing different transport services in various countries during the current fiscal year (2022-23) as...

FBR decides to introduce Track & Trace system at cotton ginning factories

ISLAMABAD: The Federal Board of Revenue (FBR), in collaboration with federal ministries and provincial departments, will introduce a Track and...

Rejecting refund claim: President upholds FTO’s order against FBR

LAHORE: President Arif Alvi has endorsed the order of the Federal Tax Ombudsman (FTO) against the Federal Board of Revenue...

Commemorative coin issued to mark 75 years of Pak-US diplomatic ties

KARACHI: The State Bank of Pakistan (SBP) issued a commemorative coin to mark the 75th anniversary of the establishment of...

Pakistan, Turkmenistan agree to accelerate work on TAPI gas pipeline project

ISLAMABAD: Pakistan and Turkmenistan have agreed to accelerate work on Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project. The understanding to this effect...

SBP reserves drops to $7.9b after loan payment

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have dropped to $7.93 billion after a...

ICCI urges CDA to develop G-11 Markaz as a Model Market

ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) urged the CDA to develop the G-11 Markaz...

SBP highlights Ripple’s XRP potential in Financial Stability Review for 2022

KARACHI: The State Bank of Pakistan (SBP) published its annual Financial Stability Review for 2022 in July, which included a...

FBR likely to replace two board members: sources

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to replace two board members in the team under the newly...

DC Lahore notifies changes in market timings

LAHORE: The Deputy Commissioner (DC) of Lahore has notified the changes in market timings, allowing to continue business activities till...

FTO seeks explanation from FBR officials for noting taking measures to recover tax from China-based company

LAHORE: The Federal Tax Ombudsman (FTO) has summoned member operations, Federal Board of Revenue (FBR), chief commissioners Corporate Tax Office...

Kashgar-Islamabad TIR route unveiled to augment China-Pakistan trade

BEIJING: In a move to enhance China-Pakistan cross-border trade, an international road transport (TIR) route opened between China’s inland city...

Pakistan required to keep SOEs under finance ministry oversight: IMF

ISLAMABAD: The International Monetary Fund's (IMF) representative in Pakistan on Wednesday said that the reform process to which the government...

PTC clarifies FBR’s enforcement action does not pertain to its operations