FBR revenue shortfall widens to Rs610b in nine months of FY2025-26
ISLAMABAD: The Federal Board of Revenue’s tax shortfall widened to Rs610 billion during July–March FY2026, with collections reaching Rs9,307 billion...
FBR notifies withholding tax relief for property builders, developers
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday announced significant relief measures regarding withholding tax for property builders and...
State Bank cancels license of Al Sahara Exchange Company
KARACHI: The State Bank of Pakistan (SBP) on Wednesday revoked the authorisation of Al Sahara Exchange Company at the company’s...
Pakistan, France reaffirm strong energy, mining cooperation
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with the Ambassador of France to Pakistan, Nicolas Galey...
KPK Chief Minister calls on Finance Minister
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Chief Minister of Khyber Pakhtunkhwa, Sohail...
SAPM, Kisan Ittehad discuss challenges in agri sector
ISLAMABAD: Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan on Tuesday chaired a high-level meeting with a delegation...
Senate panel warns arrest of some FBR officials in Rs250m cigarette theft case
ISLAMABAD: A subcommittee of the Senate Standing Committee on Interior and Narcotics Control issued a stern warning to some tax...
Russian firm to invest $80m in Pakistan for insulin manufacturing
ISLAMABAD: A Russian pharmaceutical company has committed to invest around $80 million in Pakistan’s pharmaceutical sector over six years, with...
Pakistan assures Iran of readiness for TIR, transhipment cargo operations
KARACHI: Pakistan has informed Iran that its authorities are prepared to handle cargo under international transhipment and transit arrangements, with...
Karachi Port, Romania’s Constanța Port ink cooperation accord
KARACHI: A historic cooperation agreement has been signed between Karachi Port Trust and Romania’s Port of Constanța, marking a significant...
FBR faces major challenge in meeting March tax target
ISLAMABAD: The Federal Board of Revenue (FBR) is facing significant challenges in meeting its tax collection target of Rs1367 billion...
Senate panel questions FBR oversight on sales from tax-free zones
ISLAMABAD: A Senate sub-committee has raised serious concerns over the Federal Board of Revenue (FBR) for failing to effectively monitor...
Pakistan seeks $200m ADB loan to digitise tax and customs system
ISLAMABAD: Pakistan has proposed securing a $200 million loan from the Asian Development Bank to support reforms aimed at modernising...
DG Valuation notifies new customs values for imported beverages vide VR No2052/2026
KARACHI: The Federal Board of Revenue has issued a new valuation ruling to determine customs values for imported beverages of...
POL import bill declines by 6.35pc to $10.029b in 8 months
ISLAMABAD: The imports of the overall petroleum group decreased by 6.35 percent during the first eight months of the current...
FinMin says spectrum auction conducted thru transparent, consultative process
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with a high-level delegation from VEON Group, led by...
Atif Ikram hails IMF deal as vital step for Pakistan economy
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has welcomed the newly...
Export of footwear rise 4.23pc to $131.753m
ISLAMABAD: The export of footwear from the country witnessed an increase of 4.23 percent during the first eight months of...
FBR opens new Jeerak Customs Station at Pak-Iran border
ISLAMABAD: The Federal Board of Revenue (FBR) has established a new customs station at the Pak-Iran border to streamline passenger...
FBR probes Rs48.4 crore reward payments after AGP audit
ISLAMABAD: The Federal Board of Revenue (FBR) has initiated a special audit into cash rewards worth Rs484.44 million (Rs48.4 crore)...
