Islamabad

ISLAMABAD: The Customs Anti-Smuggling Organization (ASO) seized 742 kilogram of foreign origin smuggled fabric and imposed a penalty on the...

FBR, Nadra couldn’t trace out 70 individuals having offshore companies

ISLAMABAD: The Federal Board of Revenue (FBR) and the National Database & Registration Authority (Nadra) could not trace out the...

SC says PTV will not pay Rs1 billion taxes to FBR

ISLAMABAD: The Supreme Court has ruled that the Pakistan Television Limited (PTV) will not pay over Rs1 billion in taxes...

Appellate Tribunal Inland Revenue resumes hearing on tax matter of M/s Huawei Technologies

ATIR declares exerting pressure for ST recovery illegal

ISLAMABAD: The Federal Board of Revenue’s Appellate Tribunal Inland Revenue (ATIR) has declared that exerting pressure for the recovery of...

Govt announces no change in petroleum prices for May

ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar, announced the prices of petroleum products for the period starting...

MoC moves PTA draft to Azerbaijan for enhanced market access

byM Arshad

ISLAMABAD: Ministry of Commerce has moved draft text of Preferential Trade Agreement (PTA) to Azerbaijan for enhanced market access. This...

ATIR settles tax reference filed by M/s Pakistan Telecom Mobile during last week of April

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has disposed of a tax reference filed by M/s Pakistan Telecom Mobile Limited...

Customs Appellate Tribunal reserves verdict on petition filed by M/s Yarkan Int’l

ISLAMABAD: A single bench of the Customs Appellate Tribunal comprising Member Technical, Muhammad Nasir Khan, reserved a decision on M/s...

Senate committee lauds fiscal management of FBR in utilizing allocated funds

byM Arshad

ISLAMABAD: The Senate Standing Committee on Finance and Revenue has reviewed the utilization of budgetary allocations by the Inland Revenue...

AFU blocks NTN of Chinese company due to non-payment of surcharges

byTariq Derya

ISLAMABAD: with the direction of the Federal Board of Revenue, Air Freight Unit (AFU) has blocked the National Tax Number...

MCC shall get more and more revenue following FBR chief’s video directions: Dr Arslan

byTariq Derya

ISLAMABAD: Following the directions of the Chairman Federal Board of Revenue (FBR) through video address, the Model Customs Collectorate is...

FBR collects Rs2,514b in nine months and 28 days with 9% growth

ISLAMABAD: Federal Board of Revenue has collected Rs2,514 billion revenue from the July 1, 2016 to the first 28 days...

ATIR disposes of case filed by M/s Pak Telecom Mobile Limited

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has disposed of a case filed by M/s Pak Telecom Mobile Limited. ATIR...

IHC issues notice to Customs Appellate Tribunal on plea filed by M/s Pakistan Mobile Limited

ISLAMABAD: The Islamabad High Court issued notice to the Customs Appellate Tribunal and the Federal Board of Revenue in a...

FBR issues SRO for reduced WHT rate on non-filers

ISLAMABAD: Federal Board of Revenue (FBR) has issued a notification to extend the levy of reduced withholding tax on non-filers...

Govt likely to withdraw zero-rated status of cotton in last quarter

ISLAMABAD: With the aim to genera more revenue, the federal government is likely to withdraw zero-rated status of cotton in...

Customs Appellate Tribunal adjourns hearing of different cases

ISLAMABAD: The Customs Appellate Tribunal dated in office proceedings on a couple of customs cases filed by M/s Pakistan Royal...

ECC grants tax exemption to $26m JICA loan for transmission line project

ISLAMABAD: Japan International Cooperation Agency (JICA) has been granted tax exemption to JPY 2.665 billion ($26 million) loan granted by...

I&I-IR expedites campaign against illicit trade of tobacco