Islamabad

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) Wednesday approved the proposal of Petroleum Division for renewal of gas...

FBR grants sales tax exemption on import of 52 fire tenders

ISLAMABAD: Federal Board of Revenue (FBR) exempted sales tax and additional sales tax on import of 52 fire fighting vehicles...

Budget deficit widens up to 2.5pc of GDP in 1H of FY21

ISLAMABAD: Budget deficit of Pakistan has increased to over Rs1137 billion in the first six months (July to Dec) of...

FBR asks jewellers to keep record of cash transactions

ISLAMABAD: Jewellery traders now have to keep a record of cash transactions which go over Rs2 million, says Federal Board...

New law allows customs officials to X-Ray suspects for detection of concealed goods

ISLAMABAD: Customs officials have been empowered to screen or X-Ray bodies of suspected persons for detection of concealed goods. According...

FBR favours settling legal cases outside of the court

ISLAMABAD: The Federal Board of Revenue says it is trying to speed up the disposal of thousands of litigation cases...

NAB rejects reports regarding logical conclusion of 179 mega corruption cases

ISLAMABAD: National Accountability Bureau (NAB) has rejected reports of a section of media regarding the logical conclusion of 179 mega...

Rs250b tax cases disposed in 2Q FY21: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has disposed of 2,174 cases involving tax amount of over Rs250 billion in...

FBR finalizes evaluation of applications for Track, Trace System of specified goods

02/02/2021

ISLAMABAD: The Federal Board of Revenue (FBR) has successfully completed the evaluation process for the grant of five-year license for...

FBR likely to start marking tax stamps from July 2021

02/02/2021

ISLAMABAD: Federal Board of Revenue (FBR) is expecting to start marking tax stamps on products of various sectors from July...

Govt committed to ensure provision of essential commodities at affordable prices: Hafeez Shaikh

02/02/2021

ISLAMABAD: Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh reiterated government s firm commitment to ensure provision of...

FBR transfers Zeba Hai Azhar, Syed Hamid Ali with immediate effect

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

NAB under “Accountability for All” policy yields excellent results: Justice Javed Iqbal

ISLAMABAD: Corruption is the mother of all evils which is a major hurdle in the development and prosperity of a...

FBR issues 1.4 million notices to non-filers of income tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has issued around 1.4 million notices to non-filers of income tax returns and those...

Pakistan annual inflation dropped to 5.65pc in January

ISLAMABAD: As compared to the 8% inflation rate in the previous month, Pakistan's annual inflation rate dropped down to 5.65%...

FBR starts action against non-filer corporate taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) directed tax offices to ensure recovery of penalty amount from corporate taxpayers, who failed...

FBR announces rules for clearance of consignment at border customs stations

30/01/2021

ISLAMABAD: Federal Board of Revenue (FBR) announced draft rules for the clearance of import and export consignments at border customs...

FBR directs tax officers to issue penalty notices to sugar mills for not complying VAS