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
CDC announces further tariff reduction to facilitate Capital Market Investors
LAHORE: The Central Depository Company of Pakistan Limited (CDC) has completely eliminated the annual maintenance fee for the sub-account holders...
Govt introduces significant overhaul of Customs Act, 1961
LAHORE: The government of Pakistan has introduced a significant overhaul of the Customs Act, 1961. The proposed amendments, outlined in...
Importer of raw material defeats Customs in tax recovery after clearance of goods
LAHORE: An importer of raw material, used in shoes for the manufacturing of sole, has defeated Customs in recovery of...
Sales tax discrepancies: Lahore LTO imposes Rs5.41b penalty on M/s Millat Tractors
LAHORE: Large Taxpayer Office (LTO) Lahore has imposed a penalty of Rs5.41 billion on Millat Tractors Ltd (MTL) over mammoth...
FBR extends deadline for transferring tax cases to appellate tribunal
LAHORE: The Federal Board of Revenue (FBR) has extended the deadline to September 16 for transferring pending cases involving substantial...
Punjab budget 2024-25: Key statistics you must know
LAHORE: The Punjab government has presented a comprehensive budget totalling Rs5,446 billion, with Rs 3,700 billion sourced from the federal...
Punjab unveils ‘tax-free budget’ with Rs5.4tr outlay
LAHORE: The Punjab government on Thursday unveiled a budget with a total outlay of Rs5.4 trillion, terming it a first...
Punjab to unveil Rs5.3b budget today
LAHORE: The size of the development budget will be at around Rs700 billion. The revenue target will be Rs1,026 billion....
FBR ‘sets’ Rs12,970b tax collection target for FY2024-25
LAHORE: The Federal Board of Revenue (FBR) has ‘fixed’ the Rs12,970 billion tax collection target for the upcoming fiscal year...
PRA enforces EIMS in restaurants
LAHORE: The Punjab Revenue Authority has decided to ensure the installation of the Electronic Invoice Monitoring System in restaurants in...
FBR serves notice to Netflix pay Rs200m in income tax
LAHORE: The Federal Board of Revenue (FBR) has served a notice to Netflix for recovery of over Rs. 200 million...
FBR starts punishing taxpayers for filing complaints with FTO
LAHORE: The Federal Board of Revenue (FBR) has started punishing those taxpayers, who file complaints with the Federal Tax Ombudsman...
FBR anticipates Rs175b shortfall due to court stays on tax measures
LAHORE: The Federal Board of Revenue (FBR) has projected a shortfall of Rs175 billion for the current fiscal year (2023-24)...
Punjab allocates Rs700b development budget for next fiscal year
LAHORE: The Punjab government is gearing up to allocate a substantial development budget of Rs700 billion for the upcoming fiscal...
Super tax cannot be imposed retrospectively on companies, individuals: LHC
LAHORE: Lahore High Court (LHC) Tuesday held that super tax under Section 4C (Super tax on high-earning persons) of the...
FY2024-25: Punjab likely to present budget of Rs53.9 trillion
LAHORE: As the new fiscal year is about to commence, the next budget of the country’s largest province – Punjab...
Lahore Enforcement recovers smuggled betel nuts worth Rs21m from M/s MMA Foods in Kasur
LAHORE: On the directions of Ms. Rubab Sikandar, Chief Collector of Customs (Enforcement-Punjab) and Muteen Alam, Collector, Collectorate of Customs,...
FBR fires four senior IR officers involved in sales tax refund scam
LAHORE: The Federal Board of Revenue (FBR) has removed four senior Inland Revenue officers from their positions just one week...
Mis-declaration: Lahore Adjudication imposes penalties on Zaniq Green & FK Enterprises
LAHORE: Collectorate of Customs Adjudication Lahore Collector Saira Agha held the importer M/s Zaniq Green and directed confiscation of the...
Govt to resolve rising production costs, industry issues: Jam Kamal
LAHORE: Federal Minister for Commerce Jam Kamal Khan has said that the government has devised a well-tailored, well-thought-out and doable...
