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RCCI inks MOU with Beijing Huahe International
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) inked a memorandum of understanding (MoU) with Beijing Huahe International Business...
FBR reminds taxpayers of updating profile by March 31 to avoid penal action
ISLAMABAD: Federal Board of Revenue (FBR) reminded taxpayers to update their profile by March 31, 2021 to avoid penal action....
109th rank became possible due to dedication, sacrifices by policemen: IGP Ghulam Nabi
KARACHI: Additional Inspector General of Police Ghulam Nabi Memon has said that Karachi, which was ranked 6th in the list...
SBP reserves jump $275m to $13.3b
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan rose 2.11pc on a weekly basis, according to...
Pakistan hires banks for three-tranche dollar bond sale
ISLAMABAD: Pakistan has hired a group of banks to arrange investor calls ahead of a triple-tranche sale of US dollar-denominated...
Tax evasion: Customs court submits progress report against M/s Union Enterprise
KARACHI: The Customs Court approved a progress report against Akhtar Jameel Rehmani, owner of M/s Union Enterprises, who was nominated...
FBR special audit team creates demand of Rs469b tax against 81 sugar mills
LAHORE: Special audit team of the Federal Board of Revenue (FBR) has created a demand of estimated Rs469 billion tax...
Tax credit for enlistment in stock exchange abolished
ISLAMABAD: A tax credit granted to encourage companies for enlistment in stock exchange has been abolished through Tax Laws (Second...
Plastic exports increase 7.22pc in 8 months
ISLAMABAD: The exports of plastic materials from the country witnessed an increase of 7.22 percent during the eight month of...
SHC allows reference applications filed by Collector of Customs against M/s Time Press (Pvt) Ltd & others
KARACHI: A two-member bench of the Sindh High Court (SHC) set aside impugned judgment of the customs appellate tribunal and...
MTBA to take up issues of taxpayers with FBR
MULTAN: Multan Tax Bar Association (MTBA) to take up problems faced by taxpayers at a meeting with the chairman of...
Tax exemption of Rs10m on import of 10 vehicles opposed
LAHORE: The Law Division has opposed tax exemption worth Rs10 million for import of 10 vehicles by the Ministry of...
SBP instructs banks to implement govt’s decision on housing finance for public
KARACHI: In its effort to promote low cost and affordable home ownership among low to middle-income groups, the Government of...
First year allowance on plant, machinery withdrawn
ISLAMABAD: First year allowance has been withdrawn that was allowed on installation of plant and machinery by any industrial unit....
SNGPL, SSGC reduce 9,938 MMCF gas losses in FY 2019-20
ISLAMABAD: The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), have collectively prevented...
Pakistan Customs to establish National Targeting Centre using biometrics to identify risky goods
MULTAN: Pakistan Customs will establish a National Targeting Centre (NTC) using biometrics to identify and profile risky goods and individuals....
IMF approves $500m disbursement to Pakistan
WASHINGTON: The International Monetary Fund said it approved a $500 million disbursement to Pakistan for budget support after the IMF...
MCCI demands to withdraw condition of CNIC on buying & selling
MULTAN: The Federal Board of Revenue (FBR) has been urged to withdraw the mandatory requirement of Computerized National Identity Card...
Metro Pakistan, FBR collaborate on POS-EDS integration
ISLAMABAD: Metro Pakistan, a leading chain of stores, has integrated its sales with the Federal Board of Revenue (FBR) for...
60,000 taxpayers pay surcharge to get active status: FBR
ISLAMABAD: Around 60,000 taxpayers paid surcharge for including their names in Active Taxpayers List (ATL) for tax year 2020 during...
