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

FBR adopts new policy to strengthen legal team for tax cases

14/10/2020

ISLAMABAD: Federal Board of Revenue (FBR) has adopted new policy for placement of legal advisors and advocates on its panel...

ECC approves Rs4.98b for implementation of interest free loans program

14/10/2020

ISLAMABAD: Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee...

FBR exempts 17pc sales tax on local supply of imported sugar

13/10/2020

ISLAMABAD: Federal Board of Revenue (FBR) exempted 17 percent sales tax on domestic sale of imported sugar. The FBR issued...

PMDU receives complaint against M/s Imtiaz Super Store for not mentioning sales tax on cash receipts

13/10/2020

ISLAMABAD: A prominent superstore was found violating strict government instructions as it was not mentioning sales tax on cash receipts...

Registered builders, developers to avail fixed tax scheme: FBR

13/10/2020

ISLAMABAD: Federal Board of Revenue (FBR) has said that the fixed tax scheme is available to those builders and developers,...

Remittances from overseas Pakistanis rose to $2.3b in Sept: PM Imran

ISLAMABAD: Prime Minister Imran Khan Monday said there is more good news for Pakistan’s economy despite COVID-19 as remittances from...

FBR updates advance tax rates for motor vehicles registration, transfers

ISLAMABAD: Federal Board of Revenue (FBR) has updated advance tax rates for registration and transfer of motor vehicles during tax...

FBR invites applications for BS-1, BS-5 vacancies

ISLAMABAD: Federal Board of Revenue (FBR) has invited job applications for the post of BS-1 and BS-5 at FBR headquarter....

FTO directs action against superintendent SIU (I&I)

ISLAMABAD: Federal Tax Ombudsman (FTO) Mushtaq Ahmed Sukhera deciding a complaint filed by Muhammad Abdullah, Director of Steel Vision (Pvt)...

IHC directs FBR to forward matter of principal appraisers to management services wing

ISLAMABAD: Islamabad High Court (IHC) has directed Federal Board of Revenue to refer the matter of upgradation of the post...

FBR explains taxable income for collection of tax from corporate entities

ISLAMABAD: Federal Board of Revenue (FBR) has explained taxable income for collection of tax from persons or corporate entities. The...

FBR projects 12pc tax to GDP ratio in three years

ISLAMABAD: The Federal Board of Revenue (FBR) is projecting tax-to-GDP ratio at 12 percent in three years after slippage of...

Customs ASO seizes smuggled goods & NDP vehicle worth Rs20m

byTariq Derya

ISLAMABAD: Collectorate of Customs, Anti-Smuggling Organization (ASO) has seized huge quantity of foreign origin smuggled goods along with offending vehicles...

FBR I&I detects tax evasion of Rs10m by M/s SS Corporation

ISLAMABAD: The Federal Board of Revenue’s (FBR) Intelligence and Investigation (I&I) wing has unearthed another tax evasion scam. According to...

Weekly inflation up 1.24pc due to uptick in prices of food items

ISLAMABAD: Weekly inflation for the combined group in the period ended on October 8 saw an increase of 1.24 per...

No restriction on withdrawal, transfers from foreign currency accounts: MoF

09/10/2020

ISLAMABAD: The ministry of finance on Friday issued rules governing foreign currency accounts of individuals under which there shall be...

FBR grants tax exemption of Rs1.1b on gratuity payments to govt employees

09/10/2020

ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption of Rs1.11 billion on payment of gratuities to government employees or...

Govt intends to remove additional customs duties on another 152 items

09/10/2020

ISLAMABAD: As the government, through tariff rationalization, has already removed various duties on 164 items, it also intends to remove...

Import Policy Order 2020: MoC allows temporary import of goods against bank guarantee

08/10/2020

ISLAMABAD: The ministry of commerce has said that temporary import-cum-export of goods is allowed by the respective collectorates of customs...

Tax exemption to LNG Terminals costs Rs732m: FBR