DG Valuation issues new customs values on import of glassware vide VR No 1823/2023

ISLAMABAD: The Federal Board of Revenue (FBR) electronic system allows taxpayers to revise their income tax return for tax year...

SBP issues permission for commencement of EXIM Bank

KARACHI: The State Bank of Pakistan has granted its “Permission for Commencement of Business” to the Export-Import Bank of Pakistan...

Pakistan ‘agrees’ to share tax evaders’ data with IMF

ISLAMABAD: Pakistan has agreed with the International Monetary Fund (IMF) to share the data of the tax evaders with the...

Pakistan to take AMA accounts 8.5m to 20m by 2024: Shamshad

ISLAMABAD: Federal Minister for Finance and Revenue Dr Shamshad Akthar Tuesday said that Pakistan had targeted to take the number...

FIA arrests two customs officials in KP over graft charge

PESHAWAR: The Federal Investigation Agency’s Anti-Corruption Circle arrested two customs employees for their alleged involvement in corruption, officials said. They...

ICCI calls for immediate halt to genocide of Palestinians by Israeli forces

ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation met with Ahmed Jawad A.A....

NPO organizes workshop on improving agri productivity

LAHORE: A four-day international workshop on ‘Improving Agricultural Productivity through Mechanization’ jointly organized by National Productivity Organization (NPO), Pakistan, and...

SECP, FIA sign MoU to enhance mutual cooperation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and Federal Investigation Agency (FIA) signed a memorandum of understanding (MoU)...

Pakistan Stock Exchange hits historic 54,000-point milestone

KARACHI: The Pakistan Stock Exchange (PSX) achieved a remarkable milestone on Tuesday as its benchmark KSE-100 index surged past the...

FTO directs FBR to probe tax matters of private medical colleges

LAHORE: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to obtain information of foreign students from...

FBR to sell seized sugar to USC at 50pc discount

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to sell seized/confiscated sugar to the Utility Stores Corporation (USC) at...

IMF ‘seeks’ report on state-owned firms’ losses from Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has sought a report from Pakistan on the losses incurred by state-owned enterprises. During...

SBP announces bank holiday on November 9

KARACHI – The State Bank of Pakistan has announced a bank holiday on November 9 (Thursday) on the occasion of...

Govt making all-out efforts to provide energy to people, industries through LNG: Muhammad Ali

ISLAMABAD: Caretaker Minister for Energy, Power and Petroleum, Muhammad Ali on Tuesday said that to ease the lives of people...

IHC should not intervene in other provinces’ sales tax laws: SC

ISLAMABAD: The Supreme Court has held that the Islamabad High Court (IHC) lacked jurisdiction, and should not have entertained the...

Stable monetary policy leads to sustainable growth, attracting foreign investment

RAWALPINDI: Coordinator to Federal Tax Ombudsman and Chairman Kyrgyzstan Trade House Meher Kashif Younis Sunday said stability in monetary policy...

Discos asked to approach FBR for tax applicability issues

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has directed Power Distribution Companies (Discos) to approach Federal Board of Revenue (FBR)...

Karachi I&I impounds smuggled goods & vehicles worth Rs1.116b in Oct

KARACHI: Directorate of Customs Intelligence and Investigation (I&I) seized smuggled goods and impounded non-duty paid worth Rs1.116 billion during the...

Lahore I&I seizes smuggled goods worth Rs1231m during October