Lahore
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 eliminating taxes on infant milk powder
LAHORE: The federal government is actively considering the removal of all taxes on infant milk powder in the upcoming fiscal...
Pakistan to slash import taxes by Rs120b in upcoming budget
LAHORE: The Pakistani government is poised to implement a significant reduction in import taxes, totaling an estimated Rs120 billion in...
CAT upholds CCP’s order on diamond paints for deceptive advertising
LAHORE: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP) decision to penalize Diamond Paints for...
CCP imposes Rs40m penalty on ‘Al-Ghazi Tractors’
LAHORE: The Competition Commission of Pakistan (CCP) imposed a Rs. 40 million penalty on Al-Ghazi Tractors for a false fuel...
FBR deploys over 50 officers to monitor production and sales at 21 beverage companies
LAHORE: The Federal Board of Revenue (FBR) has assigned more than 50 Inland Revenue officers to monitor the production and...
Customs AIIA thwarts attempt to smuggle fake medicines worth Rs10m
LAHORE: Customs officials at Allama Iqbal International Airport (AIIA) foiled a major attempt to smuggle fake medicines into the country,...
LHC fines FBR for wasting judicial resources in customs dispute
LAHORE: The Lahore High Court (LHC) has imposed a fine of Rs 500,000 on the Federal Board of Revenue (FBR)...
Workers’ remittances increase by 30.9pc to $31.2b in first ten months of FY25
LAHORE: The workers’ remittances increased by 30.9 percent during the first ten months of the current fiscal year as compared...
FBR imposes major penalty on IRS officer Ms. Zehra due to prolonged absence
LAHORE: The Federal Board of Revenue (FBR) has imposed a major penalty on Ms. Kiran Zahra, a BS-18 officer of...
Customs AIIA foils bid to smuggle goods worth Rs5m goods from Dubai
LAHORE: In a successful enforcement action led by Collector of Customs Airports, Ms Tayyba Kiyani, a significant quantity of assorted...
Govt rules out abolishing Export Facilitation Scheme (EFS)
LAHORE: The government has decided against withdrawing or replacing the Export Facilitation Scheme (EFS) in the upcoming federal budget for...
Lahore Appraisement East posts 35pc revenue surge
LAHORE: Under the dynamic leadership of Collector Mehreen Nasim and Additional Collector Pirzada Omer Qasmi, Collectorate of Customs Appraisement (East),...
Pakistan loses Rs3.4 trillion annually to illicit trade, smuggling & counterfeit goods
LAHORE: Pakistan loses an estimated Rs3.4 trillion annually in tax revenue due to illicit trade, with smuggling and counterfeit goods...
SBP likely to hold policy rate at 12pc despite easing room: Bloomberg Economics
LAHORE: The State Bank of Pakistan (SBP) is expected to maintain its benchmark interest rate at 12% in its upcoming...
Court provides clarity on cash gifts between blood relatives
LAHORE: In a sgnificant development for taxpayers, a recent tax court order has provided clarity on the taxability of cash...
Salaried class bears record tax burden, contributing 10pc of national collection
LAHORE: Salaried class has paid a record Rs391 billion in income tax during the first nine months of the current...
India to suffer $1.14b losses after trade halt with Pakistan: PBF
LAHORE: Pakistan Business Forum (PBF) has revealed that India stands to face trade losses of around $1.14 billion due to...
President endorses 92pc of FTO orders against FBR
LAHORE: President Asif Ali Zardari has endorsed over 92 percent of the orders of the Federal Tax Ombudsman (FTO) against...
Punjab Revenue Authority launches tax awareness campaign
LAHORE: Punjab Revenue Authority (PRA) has launched a tax awareness campaign in Rawalpindi Division to ensure the installation of the...
Pakistan cuts trade ties with India, closes Wagah border
LAHORE: Pakistan on Thursday announced to suspend the trade ties with India, close Wagah Border crossing, downgrading of diplomatic ties...
