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

IMF & Pakistan reach staff-level accord on measures to complete pending reviews under EFF

NEW YORK: International Monetary Fund(IMF) staff and the Pakistani authorities have reached an agreement on a package of measures to...

Tracking system for tobacco, fertilisers soon, Senate panel told

ISLAMABAD: The Federal Board of Revenue (FBR) will roll out a Track & Trace (T&T) system for tobacco, cement, fertilisers...

Super tax made permanent for banking companies

ISLAMABAD: The levy of super tax has been made permanent for banking companies beyond Tax Year 2021, sources in Federal...

FBR announces tax holiday for sportsmen on import of professional & technical apparatus

ISLAMABAD: Sportsmen – participating in an international event – have been allowed tax holiday o import of professional and technical...

CDWP approves Rs5b development projects

ISLAMABAD: Central Development Working Party (CDWP) meeting approved two projects worth Rs five billion besides recommending three projects worth Rs...

Remittances from overseas Pakistanis in Jan up by 19pc: PM Imran

ISLAMABAD: Prime Minister Imran Khan Monday said remittances from overseas Pakistanis were $2.27 billion in January 2021, which were up...

FBR Chairman Javed Ghani directs stern action against trade of counterfeit, smuggled cigarettes

ISLAM The Federal Board of Revenue Chairman Javed Ghani has directed the Inland Revenue and Customs field formations to beef...

FBR asks taxpayers to update profile to remain in ATL, skip penalty by March 31

ISLAMABAD: Federal Board of Revenue (FBR) has asked taxpayers to update their profile by March 31, 2021, to avoid penalty...

Govt extends NAB Prosecutor General Asghar Haider’s tenure for three years

ISLAMABAD: The Ministry of Law on Monday notified a three-year extension in the tenure of National Accountability Bureau (NAB) Prosecutor...

Hafeez directs to monitor prices of essential commodities to avoid hoarding & black marketing

ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the weekly meeting of National Price Monitoring Committee...

Tax reforms introduced in country starting to pay dividends: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) claimed that the tax reforms introduced by the country’s tax authority have started...

FBR launches first phase of pre-filing in tax returns

ISLAMABAD: Federal Board of Revenue (FBR) launched first phase of pre-filling of some information enabled for individual taxpayers in annual...

Weekly inflation rises 80bps due to recurring increase in petroleum prices

ISLAMABAD: The recurring surge in the petroleum product costs has reflected harmfully on the essential commodities as inflation statistics expressed...

Circular debt rising by Rs45b per month, NA panel told

ISLAMABAD: Pakistan’s circular debt is increasing by Rs45 billon per month due to continuous increase in payables and late payment...

FBR transfers 10 PCS officers of BS17-18 with immediate effect

12/02/2021

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

Govt announces 25pc increase in salaries of federal employees

12/02/2021

ISLAMABAD: The government notified on Thursday a 25% ad hoc increase in the salaries of the federal employees following successful...

FBR decides to procure video surveillance system for sugar mills

12/02/2021

ISLAMABAD: Federal Board of Revenue (FBR) has decided to procure Video Analytic Surveillance (VAS) system from a single vendor to...

Hafeez Shaikh gives nod to establishment of “Tax Policy Unit”

11/02/2021

ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the 5th meeting of the FBR Policy Board...

FBR announces rules for direct transfer of income tax refund payments

11/02/2021

ISLAMABAD: Federal Board of Revenue (FBR) introduced rules for making payment of income tax refunds directly to taxpayers’ bank account....

SBP modernizes foreign exchange regulations to facilitate start-ups, Fintechs and Exports