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News updates 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
Foreign exchange reserves fall by $804m
KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) have decreased by $804 million during one week...
KCCI seeks 50 pc reduction for three months in taxation rates, POL prices, interest rates
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has requested the Federal Government to permanently...
FBR extends date for integration of Tier-1 retailers till April 30
ISLAMABAD: Federal Board of Revenue (FBR) extended the date for integration of Point of Sale (POS) by high volume retailers...
FBR amends rules regarding third party recovery of defaulted amount
ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified rules for third-party recovery of defaulted amount. The FBR issued SRO...
COVID-19: PICT extends Demurrage Free Period, others urged to follow suit in national interest
LAHORE: Following Customs Today ran a story under the heading ‘COVID-19: Govt, FBR urged to force shipping lines to extend...
Pak Rupee gains 17 paisas against US dollar due to decline in import bill
KARACHI: The Pak Rupee gained 17 paisas against dollar on Friday on reports of significant decline in import bill for...
Director I&I Irfan Javed seizes crystal meth worth Rs1.6b with Naval Intelligence’s help
KARACHI: On the directions of Director Irfan Javed, Customs Intelligence and Investigation in coordination of Naval Intelligence Pakistan Navy seized...
PRA announces to waive whole amount cess on import of goods
LAHORE: Punjab Revenue Authority (PRA) has decided to exempt all goods from the payment of whole amount of cess till...
Private Terminal Operators reject FBR proposal to waive detention & demurrage charges
LAHORE: Private Terminals Operators have rejected Federal Board of Revenue (FBR) proposal to waive detention and demurrage charges for 15...
Local oil refining companies in trouble as demand falls due to lockdown
ISLAMABAD: Attock Refinery Limited (ARL) has closed down its largest plant, which was refining 26,000 barrels of crude oil per...
Asian stocks are mixed, US stock futures volatile following record jobless claims number
New York: Asian markets were mixed on Friday, as the economic fallout from the coronavirus pandemic continues to weigh on...
Hafeez chairs meeting to review measures for implementation of PM’s fiscal package
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired a meeting to devise the...
Import bill falls by 21pc during March
KARACHI: The import bill of the country has declined by 21 percent in March 2020 over the previous month owing...
Coronavirus to reduce Pakistan’s GDP for FY 2020: Moody’s
KARACHI: State Bank of Pakistan (SBP) cut its policy rate 150 basis points to 11%, reduced banks’ capital conservation buffers...
Pakistan’s decisive policy measures narrowing current account deficits: ADB
ISLAMABAD: Economic growth in Pakistan is expected to slow to 2.6% this year due to ongoing stabilization efforts, slower growth...
Consumption of domestic cement declined by 16.70pc in March
KARACHI: As expected Coronavirus had its impact on domestic consumption that declined by 16.70 percent in March while the exports...
FBR seeks 15 days extension in free period from KPT, port terminals
LAHORE: Federal Board of Revenue (FBR) has sought extension of free period at port terminals from chairman, Karachi Port Trust,...
Asia markets mostly up after Wall St rally but nerves remain
HONG KONG: Most Asian equities enjoyed gains Tuesday following another rally on Wall Street, while oil bounced, with traders welcoming...
US dollar gains 61 paisa against Pak rupee in interbank market
KARACHI: The US dollar gained 61 paisa against the Pakistani rupee to trade around Rs 166.75 in the interbank market,...
US dollar gains 56 paisa against Pak rupee in interbank market
KARACHI: The US dollar gained 56 paisa against the Pakistani rupee to close at Rs166.70 in the interbank market, according...
