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IMF approves $1.2bn loan tranche for Pakistan

Pakistan likely to receive $1.2b IMF tranche as board meets today

FCC declares Section 7E Property Tax unconstitutional, strikes down levy nationwide

Pakistan, Saudi Arabia explore oil refinery upgrades, energy cooperation

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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

Inside the numbers: Pakistan hits 6.7 million active taxpayers

21/04/2025

ISLAMABAD: In a significant development for Pakistan’s tax landscape, the Active Taxpayer List (ATL) has crossed the 6.7 million mark,...

FBR introduces electronic invoicing for businesses

ISLAMABAD: The Federal Board of Revenue (FBR) has mandated the implementation of electronic invoicing for registered businesses in Pakistan. This...

Mobile sector benefits from substantial tax relief, FBR reports Rs33b exemption

ISLAMABAD: The Federal Board of Revenue (FBR) has disclosed that local mobile phone manufacturing received a significant boost through sales...

Govt offers duty allowance incentives on remittances to Pakistan

ISLAMABAD: In a bid to boost foreign inflows and encourage the use of legal banking channels, the government of Pakistan...

FBR extends date of submission of sales tax & FED till April 25, 2025

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise Return...

FinMin Aurangzeb departs for US to attend WB, IMF Spring 2025 meetings

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb departed for the United States (US) on Saturday to attend...

PM launches Performance Management System at FBR, calls for strong efforts to reduce debts

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday called upon the Federal Board of Revenue (FBR) officers to work with unwavering...

Tax-to-GDP target fixed at 11.2pc for FY25-26

ISLAMABAD: The Pakistan government, in consultation with the IMF (International Monetary Fund), has set a tax-to-GDP target of 11.2% for...

With focus on revenue target, FBR cancels Saturday as offday

ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced to cancel Saturday’s holiday to boost efforts to achieve revenue collection...

Federal Minister for Commerce Jam Kamal Khan meets Afghan Minister of Industry and Commerce Nooruddin Azizi in Islamabad Discussions held on bilateral trade, transit issues, and border cooperation.

Pakistan, Afghanistan vow to deepen trade ties: Commerce Minister

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan held a meeting with Afghan Minister of Industry and Commerce, Alhaj Nooruddin...

Govt to revise barter trade policy with Iran amid border truck crisis

ISLAMABAD: In response to ongoing congestion at the Pakistan-Iran border, where 1,200 Iranian trucks remain stranded, the Ministry of Commerce...

Hungary backs GSP Plus extension, vows deeper ties with Pakistan

ISLAMABAD: Putting its weight behind Pakistan’s GSP+ status, Hungary agreed on Wednesday to expand cooperation with Pakistan across key sectors...

Govt to digitize national economy: PM Shehbaz

ISLAMABAD: The government of Pakistan has decided to digitize the national economy, with all ministries tasked with implementing the measures...

External account posts record monthly surplus

ISLAMABAD: Advisor to Finance Minister, Khurram Schehzad said here on Thursday that the country’s Current Account posted a record monthly...

World Bank sees ‘gaping holes’ in Pakistan’s tax system

ISLAMABAD: Describing the tax system of Pakistan as “unfair and absurd”, the global lender World Bank (WB) called for effectively...

Islamabad ATIR deems FBR audit selection process under Clause 105A illegal

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad has issued a significant ruling declaring the audit selection process conducted by...

Kuwait extends oil credit facility for Pakistan

ISLAMABAD: Kuwait has extended oil credit facility for Pakistan for another two years. This was conveyed by Kuwait’s Ambassador to...

Pakistan ‘links’ tax relief for salaried class with IMF’s consent

ISLAMABAD: Pakistan has ‘linked’ tax relief for the salaried class with the consent of the International Monetary Fund (IMF) in...

FBR provides Rs1.65b in tax relief on retirement gratuities

ISLAMABAD: The Federal Board of Revenue (FBR) has announced income tax exemptions totaling Rs 1.65 billion on gratuity payments made...

Govt abolishes 3pc FED on property sale