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

WHT collection from new car manufacturing up 28pc: FBR

15/03/2021

ISLAMABAD: The collection of withholding income tax from sales of new cars by manufacturers registered an increase of 28 percent...

Sales tax record should be retained for six years: FBR

15/03/2021

ISLAMABAD: A registered person is required to retain sales tax record for a period of six years for audit and...

New focus on SDGs needed to rebuild after COVID-19: ADB

15/03/2021

MANILA: A renewed focus on achieving the Sustainable Development Goals (SDGs) will be essential as countries seek to rebuild from...

FBR forms committees for integration of Tier-I retailers

ISLAMABAD: Federal Board of Revenue (FBR) has constituted central committee and regional committees to oversee the integration of Tier-I retailers...

Pakistan, Iran reiterate resolve to promote economic, trade ties

ISLAMABAD-Pakistan and Iran discussed the matters of common interests and reiterated resolve to promote economic and trade linkages between the...

FBR I&I seizes over half a million illegal cigarettes near Burhan Interchange

ISLAMABAD: The Federal Bureau of Revenue (FBR) seized o over half a million illegal cigarettes after intercepting two vehicles near...

MoC issues import, export of e-commerce rules

ISLAMABAD: The ministry of commerce has issued rules for assessment and clearance of imported or exported goods through e-commerce. The...

Pakistan optimistic about rollover of $1b UAE loan

ISLAMABAD: The federal government is optimistic about the rollover of $1 billion UAE loan for another year. Senior officials of...

Pakistan’s fiscal deficit in six months stands at 2.5pc of GDP

12/03/2021

ISLAMABAD: The fiscal deficit of Pakistan in six months, ended in December 2020, stood at 2.5% of the GDP as...

No sale will be allowed without tax stamp: FBR

12/03/2021

ISLAMABAD: Federal Board of Revenue (FBR) said that no product would be allowed to be removed from a production site...

ECNEC gives nod to projects worth Rs322b

12/03/2021

Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired a meeting of the Executive Committee of the National...

PM Imran directs FBR to take stern action against sugar mafia

ISLAMABAD: Prime Minister Imran Khan expressed resentment over the Federal Board of Revenue’s performance, as it failed to show any...

FBR to pay refunds through CITRO

ISLAMABAD: The Federal Board of Revenue (FBR) has established a Centralized Income Tax Refund Office (CITRO) to facilitate taxpayers by...

Late tax filers penalised: Banks block foreign currency account transactions

ISLAMABAD: Banks in Pakistan have refused to entertain foreign exchange transactions in accounts held by individuals who are not included...

FBR proposes100pc income tax credit for IT sector

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said there is proposal to widen the scope of tax concession to...

FBR goes after Payoneer, freelancers over billions of rupees transferred from abroad

ISLAMABAD: The Federal Board of Revenue (FBR) has said it has uncovered a 'mega scam' involving a foreign company transferring...

Govt suggests withdrawal of tax exemptions on corporate sector

ISLAMABAD: Finance Minister Dr Abdul Hafeez Shaikh on Tuesday presented the Income Tax (Amendment) Bill, 2021, in the Upper House...

ECC approves Ramadan package worth Rs7.6b

ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC)...

CCP issues notice to Hyundai Nishat for deceptive marketing practices

ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a show cause notice to M/s Hyundai Nishat Motor (Pvt) Limited...

FBR adds around 116,801 names to active taxpayers list