Islamabad

FBR plans AI-based system to detect false tax return data

Pakistan, Qatar reaffirm commitment to stronger energy cooperation

FBR’s ‘Out of Demand’ income tax collection jumps 110b to ₨266b in FY25

Govt generates Rs37.28b carbon levy in 9MFY26

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Islamabad

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

No withholding tax on cash withdrawal from July 1

22/06/2021

ISLAMABAD: Banks shall not collect/deduct withholding tax on cash withdrawal from July 01, 2021 subject to approval of the Finance...

Customs PCA showing outstanding performance despite shortage of staff: Additional Director Nisar Phularwal

byTariq Derya

22/06/2021

ISLAMABAD: Additional Director Post Clearance Audit (PCA) North Nisar Ahmad Phularwal has said that performance of the PCA has been...

Rawalpindi I&I seizes narcotics worth Rs6m near Islamabad Motorway

byTariq Derya

22/06/2021

ISLAMABAD: Directorate of Customs Intelligence and Investigation (I&I) Rawalpindi has seized 21 kilogram of chars worth Rs6 million. According...

FBR to seize goods without brand licensing

ISLAMABAD: Brand licensing has been proposed to make mandatory for manufacturers of specified goods. In failure to comply with it...

Neither IMF programme suspended, nor World Bank loans withheld for Pakistan: finance ministry

ISLAMABAD: The Finance Ministry clarified that Pakistan’s IMF programme had not been suspended and neither has the World Bank withheld...

FBR imposes super tax on banking companies permanently

ISLAMABAD: The levy of super tax has been permanently imposed on banking companies as it was expiring in the tax...

Govt to abolish tax on import of POS machines

ISLAMABAD: The federal government has decided to abolish tax on the import of point of sale (POS) machines. This was...

FBR constitutes committees to remove anomalies in Finance Bill 2021

19/06/2021

ISLAMABAD: The Federal Board of Revenue (FBR) formed committees to identify and remove technical and legal anomalies in the Finance...

World Bank approves $442m for Pakistan’s water and sanitation services

19/06/2021

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $442 million in financing to support Pakistan improve its access...

Shaukat Tarin for launch of New-Auto policy

ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin Friday assured his full support for the final launch of the...

Govt to amend clause to bar FBR from arresting tax evaders: Tarin

ISLAMABAD: Finance Minister Shaukat Tarin has agreed to amend the clauses pertaining to arrest of tax evaders in the finance...

Talks with IMF over sixth economic review remain inconclusive

ISLAMABAD: The talks between Pakistan and the International Monetary Fund (IMF) over a sixth review of the $6 billion loan...

Govt raises over Rs1tr through T-bills

ISLAMABAD: The government raised Rs1.096 trillion through auction of treasury bills and Rs70bn through Pakistan Investment Bonds. However, the cut-off...

MoF revises profit rates of National Savings certificates

ISLAMABAD: The Finance Ministry has revised the profit rates on National Savings Schemes certificates, a notification issued in this regard...

SBP Governor updates Shaukat Tarin on progress of different policy initiatives

17/06/2021

ISLAMABAD: Governor State Bank of Pakistan, Dr. Reza Baqir called on Minister for Finance and Revenue, Shaukat Tarin in Islamabad...

FBR directs customs officers of BS-19-20 to submit asset declaration, PERs by July 10

17/06/2021

ISLAMABAD: Federal Board of Revenue (FBR) directed officers of Pakistan Customs Service (PCS) from Grade – 19 to Grade –...

Tarin rules out possibility of Pakistan’s exit from IMF programme

17/06/2021

ISLAMABAD: Federal Minister for Finance Shaukat Tarin has said that it is not possible for Pakistan to come out of...

ECC approves foreign funding policy for NGOs

16/06/2021

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin, chaired the meeting of the Economic Coordination Committee (ECC) of the...

Tarin asks FBR to ensure tracking progress of POS machines

16/06/2021

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin directed the tax authorities to ensure effective tracking progress of installed Point...

FBR to impose penalty on taxpayers for not declaring business bank account from Oct 1