Karachi
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
Govt considers 1.5pc tax on import payments in FY26 budget
KARACHI: The government is weighing a proposal to introduce a 1.5 percent withholding tax on import-related payments as part of...
Pakistan’s total liquid foreign reserves stand at $16.636b
KARACHI: The total liquid foreign reserves of Pakistan stood at $16,636.7 million as of May 23 while the reserves held...
FBR considers ending tax exemptions on solar panels Budget 2025
KARACHI: The Federal Board of Revenue (FBR) is evaluating major changes in its tax policy ahead of the 2025-26 budget,...
Maritime economy to gain $100m boost: Junaid Chaudhry
KARACHI: The Ministry of Maritime Affairs has initiated a transformative project to modernize the Korangi Fish Harbour (KOFHA) with projections...
Faceless Customs Assessment system faces challenges in Karachi: Delays & declining revenue
KARACHI: A recent directorate general of customs risk management (RMS) report has flagged major problems with the Faceless Customs Assessment...
FBR set to impose 18pc sales tax in erstwhile tribal districts of KP
KARACHI: The Federal Board of Revenue (FBR) has decided to implement an 18% sales tax in the erstwhile Federally Administered...
Govt expected to unveil Rs16.9 trillion FY26 budget, marking 11pc cut in outlay
KARACHI: The federal government is expected to present a Rs16.9 trillion budget for fiscal year 2025–26, down by 10.6% or...
SBP. banks to observe holiday on May 28
KARACHI: The State Bank of Pakistan (SBP), all banks and financial institutions will remain closed on Wednesday, 28 May 2025...
Customs Enforcement, Pakistan Rangers seize Rs55.6m smuggled foreign fabrics
KARACHI: In a major anti-smuggling operation, Pakistan Customs, with assistance from an intelligence agency and Pakistan Rangers Sindh, raided several...
FBR acknowledges high taxes driving capital flight to Dubai
KARACHI: In a significant admission that has resonated deeply within Pakistan’s economic circles, the Federal Board of Revenue (FBR) has...
FBR collects Rs30b from Karachi electricity consumers
KARACHI: The Federal Board of Revenue (FBR) has reported a substantial revenue windfall, collecting a staggering Rs30 billion in withholding...
Pakistan’s total liquid foreign reserves surge to $16.65b
KARACHI: The total liquid foreign reserves of Pakistan surged to US$ 16,648.5 million as of May 16 while the reserves...
Banks advocate for reforms in FBR tax recovery procedures
KARACHI: Banks in Pakistan are urging the Federal Board of Revenue (FBR) to revise its tax recovery framework from customer...
Govt decreases nationals savings profit rates
KARACHI: The Central Directorate of National Savings (CDNS) has slashed the profit rates of its various savings schemes by up...
FBR rejects any tax amnesty in budget 2025-26
KARACHI: As consultations between Pakistan and the International Monetary Fund (IMF) for the federal budget 2025–26 enter a critical phase,...
Bank deposit returns dip to 4.90pc in April; real rate remains negative at -5.36pc
KARACHI: The average return on bank deposits declined to 4.90% in April 2025, down 12 basis points from 5.01% in...
Govt to expand luxury goods list for 25pc sales tax in FY26 budget
KARACHI: The government of Pakistan is reportedly planning to significantly broaden the list of luxury items that will be subjected...
Oil refineries applaud govt for resolving sales tax dispute
KARACHI: In a significant move to alleviate a mounting financial burden on Pakistan’s petroleum sector, the federal government has approved...
Repatriation of profits by foreign investors surges 109% to $1.84b in Jul-Apr
KARACHI: Foreign investors sent $1.84 billion in profits and dividends abroad during the first ten months of FY2024–25 (July–April), up...
Karachi LTO hints possible salary tax relief in budget 2025–26
KARACHI: The Large Taxpayers Office (LTO) Karachi has indicated that the salaried class may receive some much-needed relief in the...
