Islamabad

17/04/2020

ISLAMABAD: Federal Board of Revenue (FBR) has exempted the withholding tax on commission agent for disbursement of Ehsaas Emergency Program....

Foreign exchange reserves up by $252m

17/04/2020

ISLAMABAD: The foreign exchange reserves held by State Bank of Pakistan (SBP) increased by US$252 million during the week ending...

FBR extends time for filing of GDs from 10 to 25 days for all IGMs between 17 March & 7 April

ISLAMABAD: Federal Board of Revenue (FBR) has extended time limit for filing of Goods Declaration (GDs) from 10 existing days...

Hafeez Shaikh forms body to finalise proposals for incentivising retail sector

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has constituted a five-member committee including...

Duty free import surged by 17.1 percent in 2018/19: FBR report

ISLAMABAD: Despite elimination of exemptions and strengthening enforcement the duty free import surged by 17.1 percent during 2018/2019, according to...

IMF gives major debt relief to Pakistan

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Thursday confirmed that the International Monetary Fund (IMF) has decided to give a...

IHC wraps up KPT chairman case as govt withdraws removal notice

ISLAMABAD: The Islamabad High Court (IHC) on Thursday wrapped up the case pertaining to Karachi Port Trust (KPT) Chairman Jameel...

FBR issues procedure for clearance of transit cargo at Chaman, Torkham

ISLAMABAD: Federal Board of Revenue FBR has notified procedure required for operations at Chaman/Torkham border regrading clearance of transit cargo....

FBR’s tax collection from salaries increases by 75 percent during first half

ISLAMABAD: Tax collection from salary has increased by 75 percent during first half (July – December) of current fiscal year...

Investigation of customs scam at Torkham station takes new turn

ISLAMABAD: A major customs scandal at Torkham border station has taken new turn as Afghan authorities confirmed to Pakistani side...

SECP shuts registration offices, facilitation centers amid coronavirus outbreak

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday shut Companies Registration Offices (CROs) and facilitation centers till...

Pakistan’s exports to decline by $3b owing to coronavirus: Razak Dawood

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Wednesday said that the State Bank of Pakistan (SBP)...

FBR decides to shun paperwork over corona virus pandemic

ISLAMABAD: Federal Board of Revenue (FBR) has decided to shun use of paper-related work at its offices over fears of...

FBR issues refunds of Rs51.5b through FASTER

ISLAMABAD: The Federal Board of Revenue has Issues refunds of Rs51.5 billion through FASTER. According to press note, the FBR...

Proposal to give WHT relief to cellular consumers in wake of Coronavirus discussed

ISLAMABAD: The Committee on Issues of Cellular Mobile Operators has agreed to prepare proposals for withdrawal of withholding tax as...

Govt releases Rs4118.810m for power projects

ISLAMABAD: The government has released an amount of Rs 4,118.810 million for various power projects under annual Public Sector Development...

China will continue support to Pakistan in wake of corona virus panedemic: Envoy

ISLAMABAD: Ambassador of the People's Republic of China, Yao Jing, called on the Adviser to Prime Minister on Finance and...

Customs Today wins national cause, ECC approves 5 to 15 free days for containers

13/04/2020

ISLAMABAD: On the proposal moved by the Ministry of Maritime Affairs led by Syed Ali Haider Zaidi, the Economic Coordination...

Govt unlikely to meet tax collection target, Rs1500b shortfall expected