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 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
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
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
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
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
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
ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption of Rs732 million to LNG Terminal Operators and Terminal Owners during...
Airlines’ pilots avail tax concession worth Rs430m on allowances
ISLAMABAD: Pilots of Pakistani airlines have availed tax concession to the tune of Rs430 million during tax year 2020 on...
Teachers, researchers avail income tax exemption worth Rs2.42b: FBR
ISLAMABAD: Teachers and researchers have availed tax exemption to the tune of Rs2.42 billion on their income during Tax Year...
Collection of WHT from cash withdrawal declines by 52pc
ISLAMABAD: The collection of withholding tax has sharply declined by 52 percent during tax year 2020 as the tax was...
ECC allows SNGPL for recovery of revenue shortfall
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic...
CDNS achieves collection of Rs10b by Sep 30
ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs10 billion by of fiscal year...
FBR warns officers not to exert political pressure in administration matters
ISLAMABAD: The Federal Board of Revenue (FBR) has warned its officers not to exert political pressure onto the administration in...
FBR might offer golden hand shake scheme to employees in 2021
ISLAMABAD: Federal Board of Revenue (FBR) has hinted that FBR might offer a golden handshake scheme for the redundant workforce...
FBR grants income tax exemption of Rs27b to power generation companies
ISLAMABAD: Federal Board of Revenue (FBR) has granted an exemption from income tax to the tune of Rs27 billion during...
Trade deficit expands to $5.8b during 1Q of FY20
ISLAMABAD: Pakistan’s trade deficit marginally widened to $5.8 billion in first quarter of current fiscal year due to surge in...
Pak-Afghan Parliamentary Friendship Group to discuss containers detention charges today
ISLAMABAD: A meeting of the Task Force of Pakistan-Afghanistan Parliamentary Friendship Group on containers detention will be held today at...
FBR issues draft rules for settlement of tax cases
ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for settlement of tax cases through oversight committee. The FBR...
