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Constitutional Court rules in favour of corporate taxpayers on super tax
ISLAMABAD: The Federal Constitutional Court has delivered an important ruling in favour of corporate taxpayers, declaring that tax credits can...
Salaried class tax collection hits 3-year high despite rate cuts
ISLAMABAD: Rs44 billion in Income Tax was collected from the salaried class by the Federal Board of Revenue (FBR) in...
FBR’s tax year 2026 return faces hundreds of technical issues
ISLAMABAD: The Federal Board of Revenue (FBR) has faced significant technical challenges with its newly launched income tax return for...
Pakistan, Iran agree to keep border crossings open round the clock to boost trade
ISLAMABBAD: Pakistan and Iran on Wednesday agreed to further expand trade ties by keeping border crossings open round the clock,...
Rs563m bank cheques dishonored during FY 2020-21, says report
LAHORE: It has been revealed that bank cheques worth over Rs563.2 million, belonging to industrialists, have been dishonored. The audit...
FBR slaps new daily fines on delayed customs clearance starting Oct 1
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced new graded penalties for delays in filing goods declarations and clearing...
Pakistan’s foreign exchange reserves rise by $14m to $22.5b
KARACHI: Pakistan’s total liquid foreign exchange reserves increased by $14 million during the week ended August 7, 2026, reaching $22.498...
FBR raises customs penalties to Rs1m for key violations
ISLAMABAD: The Federal Board of Revenue (FBR) has significantly increased penalties for several customs violations, with fines now reaching up...
Spanish envoy highlights scope for expanding trade ties
RAWALPINDI: Ambassador of Spain to Pakistan, H.E. Carlos Aragón Gil de la Serna, visited the Rawalpindi Chamber of Commerce &...
Weekly inflation rises 0.15pc, annual rate reaches 9.11pc
ISLAMABAD: Pakistan’s weekly inflation increased by 0.15%, pushing the annual inflation rate to 9.11%, according to the latest report released...
ECC okays revision in dealers’ margins, petroleum dealers call off strike
ISLAMABAD: The Economic Coordination Committee approved a revision in dealers' margins on motor spirit and high-speed diesel (HSD), prompting petroleum...
DPM Dar, Finance Minister Aurangzeb, FBR chief Langrial recommended for Pakistan’s top civil awards in 2026
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar, Minister for Finance and Revenue Muhammad Aurangzeb, and Federal Board of...
Govt maintains decision to import 1 million tons of wheat to meet national needs
ISLAMABAD: A meeting of the Steering Committee on Wheat was held under the chairmanship of Deputy Prime Minister Ishaq Dar...
Pakistan’s economy moving in right says SBP governor
KARACHI: State Bank of Pakistan Governor Jamil Ahmed has said the country’s economy is moving in the right direction, citing...
Millers seek export of 633,000 tonnes of surplus sugar
KARACHI: The sugar mill owners have again urged Food Security Minister Rana Tanveer Hussain to allow the export of 633,000...
Petroleum levy collection surges to Rs1.567tr in FY26
LAHORE: The government collected Rs1.567 trillion through the Petroleum Levy (PL) in fiscal year 2025-26. The figure exceeded the revised...
KP cabinet approves sales tax relief for Malakand, tribal areas, clears Rs5b youth programme boost
PESHAWAR: The Khyber Pakhtunkhwa cabinet has approved two draft notifications granting sales tax relief to local service providers and industrial...
KCCI pledges to make Pakistan more prosperous on Independence Day
KARACHI: Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce & Industry (KCCI) President Muhammad Rehan Hanif have...
FBR notifies high-ranking transfers in Pakistan Customs Service
ISLAMABAD: The Federal Board of Revenue (FBR) has announced a major reshuffle involving several senior officers of the Pakistan Customs...
FBR considers gift scheme for traders filing taxes by Sept 30
ISLAMABAD: The Federal Board of Revenue (FBR) is considering a special gift scheme for traders who submit their income tax...
