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

FBR issues list of non-profit organizations eligible for tax credit

01/04/2021

ISLAMABAD: Federal Board of Revenue (FBR) has restricted the benefit of tax concession to 62 non-profit organizations (NPOs) under Tax...

Cabinet rejects ECC proposal to import cotton, sugar from India

01/04/2021

ISLAMABAD: The federal cabinet rejected on Thursday an Economic Coordination Committee (ECC) proposal to allow the import of cotton and...

Global investors show keen interest in Pakistan’s economy: Hammad

ISLAMABAD: Finance Minister Hammad Azhar has expressed satisfaction over the interest shown by the leading world investors in the Eurobonds...

FBR promotes 13 PCS officers from BS-18 to BS-19 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday announced promotion of officers of Pakistan Customs Service (PCS) from BS-18 to...

Pakistan receives US$ 498.7m third IMF tranche

ISLAMABAD: Pakistan has received the much-awaited tranche of US$ 498.7 million (SDR 350 million) from the International Monetary Fund (IMF)....

Pakistan sells $2.5 billion in three-tranche bonds

DUBAI: Pakistan launched a three-tranche bond deal to raise $2.5 billion comprising tranches of five, 10 and 30 years for...

FBR offices to observe extended working hours for revenue collection today

ISLAMABAD: The offices of Inland Revenue have been directed to observe extended working hours on March 31, 2021 to facilitate...

FBR announces procedure for availing exemption certificate by erstwhile FATA/PATA residents

30/03/2021

ISLAMABAD: Federal Board of Revenue (FBR) issued a procedure for issuing tax exemption certificate for residents of erstwhile FATA/PATA. The...

Pakistan, ADB to expand cooperation in various fields

30/03/2021

ISLAMABAD: Pakistan and Asian Development Bank (ADB) on Monday agreed to expand cooperation in various sectors. The understanding came during...

Hammad Azhar to replace Dr Hafeez Shaikh as Finance Minister

ISLAMABAD: Prime Minister Imran Khan has decided to remove Dr Hafeez Shaikh as Finance Minister and replace him with incumbent...

Exchange companies to pay 0.6pc WHT on cash withdrawal: FBR

ISLAMABAD: The concessionary rate of tax allowed to exchange companies on cash withdrawal has been linked to active taxpayers list....

PM directs banks to simplify loan procedure under Naya Pakistan Housing Scheme

ISLAMABAD: Prime Minister (PM) Imran Khan, while observing that people have been difficulties in seeking loans under Naya Pakistan Housing...

Bank deposits surge 17pc in Feb

ISLAMABAD: The Pakistani banking sector deposits continued to show healthy growth during the pandemic, as the total deposits held by...

FBR extends date for updating tax profile up to June 30

27/03/2021

ISLAMABAD: Federal Board of Revenue (FBR) extended the last date for updating taxpayer profile up to June 30, 2021. The...

FBR removes IR official Maqbool Ahmed from service for concealing assets & hiding foreign trips

27/03/2021

ISLAMABAD: Federal Board of Revenue (FBR) imposed major penalty of ‘removal from service’ upon Maqbool Ahmed, a BS-16 officer of...

Weekly inflation up 0.61 per cent

27/03/2021

ISLAMABAD: Weekly inflation for the combined group in the period ended on 25th of March increased by 0.61 per cent,...

ECC approves Rs1b grant for Covid-related awareness campaign

ISLAMABAD: The Economic Coordination Committee (ECC) has approved a Rs1 billion technical supplementary grant to launch advertising campaigns to raise...

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....

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 credit for enlistment in stock exchange abolished