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KARACHI: Collectorate of Customs Enforcement has seized huge quantity of smuggled tyres and hydraulic oil worth Rs541.12 million from a...

Ishaq Dar to become Pakistan’s finance minister for fourth time

ISLAMABAD: Senator Ishaq Dar said that he would take up the role of finance minister for the fourth time, adding...

FBR enable refund adjustment tab in return forms

ISLAMABAD: Federal Board of Revenue (FBR) has enabled refund adjustment tab in the return forms for facilitation of taxpayers while...

FBR transfers 34 PCS officers of BS-20 to BS-17 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification for transfers and postings of following Pakistan Customs Service (PCS) officers...

FTO disposed of 4000 cases of tax issues in last 11 months: Dr. Asif Mehmood Jah

byM Hayat

LAHORE: Federal Tax Ombudsman Dr. Asif Mehmood Jah has said that FTO Office disposed of record 4000 cases of tax...

Diesel price may be slashed in Pakistan by Rs15, petrol by Rs5

ISLAMABAD: The prices of petroleum products are likely to come down up to Rs15 from October 01 due to a...

Economic diplomacy important as world entered geo-economic phase: ICCI President

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Ahsan Zafar Bakhtawari said that the world had entered the geo-economic...

ADB plans $14b to ease food crisis, promote long-term food security in Asia, Pacific

ISLAMABADL The Asian Development Bank (ADB) announced plans to provide at least $14 billion over 2022–2025 in a comprehensive program...

FBR tightens regulations for customs agents seeking licenses

ISLAMABAD: The Federal Board of Revenue (FBR) has tightened regulations for new customs agents seeking licenses to conduct customs business...

FBR officials anticipate 35 pc more tax return this year in Multan

MULTAN: Federal board of Revenue (FBR) officials have recorded 30 per cent increase in the number of tax returns filed...

Indonesian President dispatch humanitarian aid to Pakistan

ISLAMABAD: The President of Indonesia Joko Widodo dispatched humanitarian aid assistance for the flood victims in Pakistan. The Government of...

SHC restricts collection of KMC taxes with electricity bills for now

KARACHI: The Sindh High Court (SHC) temporarily restricted the Karachi Metropolitan Corporation (KMC) from collecting municipal taxes with electricity bills....

Petroleum levy to be jacked up to Rs50: Ogra

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) Chairman Masroor Khan has said that the levy on petrol will have to...

FBR to extend full cooperation to Qatari investors: Chairman

ISLAMABAD: Federal board of Revenue (FBR) Chairman Asim Ahmad assured for extending full cooperation to Qatari businessmen investing in Pakistan...

Ishaq Dar nominated as new finance minister after Miftah resigns

ISLAMABAD: Miftah Ismail resigned as finance minister in line with the party’s decision while Ishaq Dar has been nominated as...

Islamabad Customs thwarts bid to smuggle I-phones & Macbook Pro laptops worth Rs64m

ISLAMABAD: Pakistan Customs has foiled an attempt to smuggle large quantities of imported expensive I phones and Macbook Pro laptop...

FBR ‘categorically denies’ news of tax exemption for import of bulletproof vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) "categorically denied" issuance of any Statutory Regulatory Order (SRO) that allows ex-military officers...

World Bank repurposes $2b for Pakistan’s flood-affected areas

ISLAMABAD: In order to provide immediate relief to the flood victims, the World Bank has announced repurposing $2 billion —...

FTO took record number of 75 suo moto notices against maladministration: Mehr Kashif Younis

byM Hayat