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
Study to weigh up pros of slash in ST rate underway
ISLAMABAD: A comprehensive study is being conducted to weigh up benefits of lowering rate of sales tax and expected increase...
Bajwa briefs lawmakers: FBR proposes e-volume tracing
ISLAMABAD: If the proposal accepted in the budget for 2014-15, the Federal Board of Revenue (FBR) will introduce “electronic volume...
Around 1500 PRAL employees deprived of their monthly salary
KARACHI: The staffers of PRAL Department are deprived of their monthly salary of March, 2014. The sources in PRAL Department...
Govt intends to slash tax rate: FTO takes up pending refunds issue with FBR chief
ISLAMABAD: Federal Tax Ombudsman Abdur Rauf Chaudhry said that the FTO was closely monitoring the income tax and sales tax...
Govt asked to enhance non-agricultural export
ISLAMABAD: The sub group of Economic Advisory Council (EAC) on industry and trade, headed by Abdur Razzak Dawood, has recommended diversification...
Wide range of tax reforms proposed: Reorientation of customs duty role sought to boost industry
ISLAMABAD: Federal Board of Revenue (FBR) Tax Advisory Council Member Dr Manzoor Ahmed has proposed that the primary role of...
Customs withholds 150 consignments of cell phones
ISLAMABAD: Pakistan Customs has withheld 150 consignments of cell phones due to inability of Pakistan Telecommunication Authority to provide clearance...
OIC FTOs conference being held today
ISLAMABAD: Federal Tax Ombudsman Abdur Rauf said that all arrangement had been finalized for the two-day 27 OIC member countries'...
Smuggled goods case: Collectorate of Adjudication issues ONO, recovers Rs1.4 crore
KARACHI: The Collectorate of Adjudication-I has issued Order-in-Original (ONO) No.545/2013-14 against Bismillah, son of Muhammad Shah, resident of Gatta Bagh...
Production of counterfeit cigarettes: Rapid deployment force in the making to curb business
ISLAMABAD: The DG Intelligence and Investigation (I&I) Inland Revenue (IR) has decided to establish a Rapid Deployment Force (RDF), comprising...
FBR yet to probe smuggling of Iranian POL products
ISLAMABAD: The Federal Board of Revenue (FBR) has appeared to be indifferent towards the ongoing smuggling of Iranian POL products...
Broadening tax net: FBR collects Rs100m from unregistered persons
ISLAMABAD: The Federal Board of Revenue has collected approximately Rs100 million from over 25,000 unregistered persons who received notices under...
SRO 15(1)/2010 withdrawn: Cotton yarn import no more duty-free
ISLAMABAD: In view of the threat to the local cotton yarn industry due to the rising import of cotton yarn,...
EDF to be utilized only for viable projects: Dastgir
ISLAMABAD: Federal Commerce Minister Khurram Dastgir has stressed that the money collected under the Export Development Fund (EDF) should be...
Body set up to probe tax non-payment by MPs
ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has constituted a 10-member special committee to investigate the non-payment of taxes by...
Dar directs FBR to develop master plan for integrated transit trade system
ISLAMABAD: The Federal Minister for Finance Senator Mohammad Ishaq Dar directed Federal Board of Revenue to chalk out a comprehensive...
Phasing out concessionary regime: Withdrawal of SROs likely in budget
ISLAMABAD: The government is likely to announce withdrawal of Statutory Regulatory Orders (SROs) and allow reduced duty/tax rate across the...
Islamic Mode of Financing: PBA for amend to 7th Banking Schedule
ISLAMABAD: The Pakistan Banks Association (PBA) has proposed amendment to Seventh (Banking) Schedule of the Income Tax Ordinance, 2001 to...
17pc sales tax: Low tax-to-GDP ratio may not allow ST rate slash
ISLAMABAD: Low tax-to-GDP ratio has left the government with no option but to keep the sales tax rate, the major...
Gwadar ‘free port’ to be a game changer for whole region: Nawaz
GAWADAR: Prime Minister Nawaz Sharif on Thursday said the current government plans to develop Gwadar as a ‘free port’ on...
