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
Pakistan receives US$ 498.7m third IMF tranche
ISLAMABAD: Pakistan has received the much-awaited tranche of US$ 498.7 million (SDR 350 million) from the International Monetary Fund (IMF)....
Pakistan sells $2.5 billion in three-tranche bonds
DUBAI: Pakistan launched a three-tranche bond deal to raise $2.5 billion comprising tranches of five, 10 and 30 years for...
FBR offices to observe extended working hours for revenue collection today
ISLAMABAD: The offices of Inland Revenue have been directed to observe extended working hours on March 31, 2021 to facilitate...
FBR announces procedure for availing exemption certificate by erstwhile FATA/PATA residents
ISLAMABAD: Federal Board of Revenue (FBR) issued a procedure for issuing tax exemption certificate for residents of erstwhile FATA/PATA. The...
Pakistan, ADB to expand cooperation in various fields
ISLAMABAD: Pakistan and Asian Development Bank (ADB) on Monday agreed to expand cooperation in various sectors. The understanding came during...
Hammad Azhar to replace Dr Hafeez Shaikh as Finance Minister
ISLAMABAD: Prime Minister Imran Khan has decided to remove Dr Hafeez Shaikh as Finance Minister and replace him with incumbent...
Exchange companies to pay 0.6pc WHT on cash withdrawal: FBR
ISLAMABAD: The concessionary rate of tax allowed to exchange companies on cash withdrawal has been linked to active taxpayers list....
PM directs banks to simplify loan procedure under Naya Pakistan Housing Scheme
ISLAMABAD: Prime Minister (PM) Imran Khan, while observing that people have been difficulties in seeking loans under Naya Pakistan Housing...
Bank deposits surge 17pc in Feb
ISLAMABAD: The Pakistani banking sector deposits continued to show healthy growth during the pandemic, as the total deposits held by...
FBR extends date for updating tax profile up to June 30
ISLAMABAD: Federal Board of Revenue (FBR) extended the last date for updating taxpayer profile up to June 30, 2021. The...
FBR removes IR official Maqbool Ahmed from service for concealing assets & hiding foreign trips
ISLAMABAD: Federal Board of Revenue (FBR) imposed major penalty of ‘removal from service’ upon Maqbool Ahmed, a BS-16 officer of...
Weekly inflation up 0.61 per cent
ISLAMABAD: Weekly inflation for the combined group in the period ended on 25th of March increased by 0.61 per cent,...
ECC approves Rs1b grant for Covid-related awareness campaign
ISLAMABAD: The Economic Coordination Committee (ECC) has approved a Rs1 billion technical supplementary grant to launch advertising campaigns to raise...
FBR reminds taxpayers of updating profile by March 31 to avoid penal action
ISLAMABAD: Federal Board of Revenue (FBR) reminded taxpayers to update their profile by March 31, 2021 to avoid penal action....
Pakistan hires banks for three-tranche dollar bond sale
ISLAMABAD: Pakistan has hired a group of banks to arrange investor calls ahead of a triple-tranche sale of US dollar-denominated...
Tax credit for enlistment in stock exchange abolished
ISLAMABAD: A tax credit granted to encourage companies for enlistment in stock exchange has been abolished through Tax Laws (Second...
First year allowance on plant, machinery withdrawn
ISLAMABAD: First year allowance has been withdrawn that was allowed on installation of plant and machinery by any industrial unit....
IMF approves $500m disbursement to Pakistan
WASHINGTON: The International Monetary Fund said it approved a $500 million disbursement to Pakistan for budget support after the IMF...
Metro Pakistan, FBR collaborate on POS-EDS integration
ISLAMABAD: Metro Pakistan, a leading chain of stores, has integrated its sales with the Federal Board of Revenue (FBR) for...
60,000 taxpayers pay surcharge to get active status: FBR
ISLAMABAD: Around 60,000 taxpayers paid surcharge for including their names in Active Taxpayers List (ATL) for tax year 2020 during...
