Islamabad

30/06/2021

ISLAMABAD: The federal government has formed a high-powered committee to decide cases of tax default on concealment of Rs100mn income...

FBR issues procedure for income tax e-audit

30/06/2021

ISLAMABAD: Federal Board of Revenue (FBR) issued procedure for selection and conducting electronic audit of income tax cases. In this...

World Bank approves $800m loan for Pakistan’s power sector reforms, human capital development

30/06/2021

ISLAMABAD: The World Bank’s Board of Executive Directors on Tuesday approved $800 million worth of loans for two programmes in...

12 PCS officers transferred to IOCO with immediate effect

byTariq Derya

ISLAMABAD: Second Secretary HRMC, Federal Board of Revenue (FBR) Khalid Mehmood has issued notification for transfer and posting of transferred...

NA approves federal budget for fiscal year 2021-22

ISLAMABAD: The session of National Assembly on Tuesday passed the budget for the next fiscal year. The Lower House of...

Pakistan-Saudi Arabia ink deal for oil on deferred payments

ISLAMABAD: Pakistan and Saudi Arabia signed an agreement to resume oil supply on deferred payment. The $4.5 billion agreement was...

ECC approves import of 100,000 metric tons of sugar

ISLAMABAD: The Economic Coordination Committee of the Cabinet on Monday approved import of 100,000 metric tons of Sugar. The decision...

World Bank grants Pakistan $442.4m for uplift of social infrastructure in Punjab

ISLAMABAD: The World Bank has granted Pakistan US$ 442.4 million for the uplift of social infrastructure in the rural areas...

FBR given arrest powers on concealment above Rs200m; changes made to Finance Bill 2021

ISLAMABAD: The government has reviewed the proposal related to power of tax officials to arrest persons under criminal proceedings for...

FBR notifies reduction in sales tax rates on petroleum products

ISLAMABAD: Federal Board of Revenue (FBR) has announced reduction in sales tax rates on supply of petroleum products in order...

SECP Pakistan imposes monetary penalty of Rs4b on B4U Group for raising illegal deposits

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has imposed a heavy penalty of Rs4 billion on B4U group for...

FBR IR offices to observe extended working hours on June 30 for collection of duty, taxes

ISLAMABAD: Federal Board of Revenue (FBR) has said that the offices of Inland Revenue (IR) will observe extended working hours...

FATF’s action plan to be completed in 12 months: Hammad Azhar

ISLAMABAD: Minister for Power Division Hammad Azhar has said that Pakistan is not in danger of falling back to the...

No tax on internet usage, messaging: Tarin

ISLAMABAD: Finance Minister Shaukat Tarin, while announcing changes to the federal budget for the next fiscal year in the parliament...

FBR suspends Customs Sambrial Inspector Safdar Mahi

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification for suspension Collectorate of Customs Sambrial Safdar Mahi with effect from...

Tax reduced on vehicles upto 1000cc: Shaukat Tarin