Islamabad

PM Shehbaz meets Chinese business delegation, pledges digital economic ties

No under-invoicing found in used vehicles or solar panel imports: NA told

Govt to cut income tax, sales tax exemptions in budget

Jewelers propose simplified income tax regime for jewelry sector

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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

Chief Collector Surriya Butt to head advance ruling committee

ISLAMABAD: Federal Board of Revenue (FBR) has constituted a committee for issuing advance ruling on requests submitted by businesses. Ms....

NTN must for all commercial transactions: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has issued Income Tax Rules, 2002 (updated up to September 08, 2020). According to...

Cabinet approves waiving tax, duty on Covid preventive products’ import

ISLAMABAD: The federal cabinet approved on Tuesday waiving duty and tax on the import of Covid-19 preventive products,. The cabinet...

Govt promoting ease of doing business with reforms in investment regime: Hafeez Shaikh

ISLAMABAD: Advisor to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh said Tuesday that the government was promoting...

Pakistan achieves trade surplus of $210m with Italy in 2019-20

ISLAMABAD: Pakistan has achieved a trade surplus of $210 million with Italy during the year 2019-20 as the bilateral trade...

Islamabad Customs to hold auction of 27 vehicles on Nov 17 at Margalla Dry Port

ISLAMABAD: Collectorate of Customs has announced auction of vehicles to be held on November 17, 2020 at Maralla Dry Port...

FBR updates special procedure for capital gain tax computation

ISLAMABAD: Federal Board of Revenue (FBR) has updated special procedure for computation of capital gain tax and collection of tax....

FBR issues reduced tax rate criteria for Shari’ah compliant listed companies

ISLAMABAD: Federal Board of Revenue (FBR) has issued reduced tax rate criteria for Shari’ah compliant companies, whose shares are traded...

ECC forms committee to decide timeline for mango, kinnow export

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet at Cabinet Division Monday constituted a committee to decide a timeline...

CCoP approves divestment of 96.6pc shares of Heavy Mechanical Complex

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Cabinet...

An employee serves oil at a petrol station still opened during a strikeon December 11, 2012 in Rome. The strike of petrol stations in Italy started the day before at 7 PM and will last until December 14 at 7 PM. AFP PHOTO / ANDREAS SOLARO / AFP PHOTO / ANDREAS SOLARO

Govt slashes petrol prices, a litre now costs Rs100.69

15/11/2020

ISLAMABAD: Federal government on Sunday lowered fuel prices in the country, bringing down the price of petrol by Rs1.71 per...

FBR completes initial probe of ‘Pakistan’s most expensive wedding’

ISLAMABAD: The Federal Board of Revenue (FBR) has completed its inquiry into “Pakistan’s most expensive wedding”. According to sources, the...

NAB strictly pursuing policy of ‘accountability for all’: Justice Javed Iqbal

ISLAMABAD: A meeting of National Accountability Bureau (NAB) was held under the chairmanship of Justice (r) Javed Iqbal to review...

Hafeez Shaikh directs FBR to ensure transparency in tax filing procedures

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has instructed the officials of the Federal...

FBR announces rules for advance ruling

ISLAMABAD: Federal Board of Revenue (FBR) notified rules for issuing advance ruling in various types of cases. The FBR issued...

Wholesalers & distributors to maintain record of each transaction above Rs10,000: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that wholesalers, distributors or commission agents are required to maintain record of...

FBR develops e-commerce Automated Clearance System

ISLAMABAD: The Pakistan Customs has developed an e-Commerce automated clearance facility in collaboration with Sate Bank of Pakistan (SBP, Ministry...

Jazz pays Rs5b against income tax liability on IHC order

ISLAMABAD: Pakistan Mobile Communication Limited (PMCL) – the operator of Mobilink / Jazz paid an amount of Rs5 billion out...

Govt collects Rs142.977b oil, gas royalty in 21 months

ISLAMABAD: The government has collected around Rs 142.977 billion royalty from Exploration and Production (E&P) companies operating in different oil...

FBR announces TORs for probing complaints against IR & customs officials