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FPCCI eyes $10 billion trade with Iran

KP challenges exclusion of two hydropower projects from IGCEP 2025-35 in IHC

FBR mulls amendments to Export Facilitation Scheme for govt’s refurbished vehicle import, re-export initiative

FBR revises customs values for solar panels vide VR No.2077/2026

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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

Supplying goods without tax invoice to be treated as tax fraud

26/06/2025

ISLAMABAD: The federal government has proposed a major amendment to the Finance Bill 2025, redefining the scope of tax fraud...

Pakistan witnesses historic 55pc surge in voluntary tax payments

26/06/2025

ISLAMABAD: In a remarkable transformation of its tax landscape, Pakistan has recorded an unprecedented 55% annual surge in voluntary tax...

Komatsu to set up subsidiary to support Barrick’s Reko Diq mining project with $440 million equipment deal

ISLAMABAD: Barrick Gold Corporation and Japan’s Komatsu have signed a $440 million agreement to supply mining equipment for Pakistan’s Reko...

Banks Association backs federal budget, highlights banking sector’s role in reforms

LAHORE: The Pakistan Banks Association (PBA) has extended its full support to the federal budget for FY2025–26, terming it a...

China agrees to reschedule $1.8b in loans to support Pakistan’s financing needs

KARACHI: China has agreed to reschedule Pakistan’s $1.8 billion concessional loans and preferential buyer credit to help meet the foreign...

Punjab to start collecting ‘Garbage Tax’ from July 1 under ‘Suthra Punjab’ project

LAHORE: The Punjab government is set to commence the collection of a new ‘garbage tax’ from July 1, 2025, across...

Sindh Assembly passes Rs3,450bn budget for FY 2025-26

KARACHI: The Sindh Assembly has approved a Rs3,450 billion budget for the fiscal year 2025-26, along with the Finance Amendment...

Supreme Court declares registration of FIRs against taxpayers unconstitutional

ISLAMABAD: The Supreme Court (SC) on Wednesday declared the registration of FIRs and arrests of taxpayers unconstitutional. The court stated...

WB approves $194m to support education, water projects in Balochistan

ISLAMABAD: The World Bank Board (WB) has approved $194 million for two projects to enhance educational opportunities for children and...

FBR redrafts tax officials’ arrest powers, introduces safeguards for NA approval

ISLAMABAD: The Federal Board of Revenue (FBR) has revised key provisions governing the arrest authority of Inland Revenue officers within...

Govt rules out reversing car import taxes, mandates certification

ISLAMABAD: The government has definitively ruled out reversing existing taxes on car imports, instead opting to introduce mandatory registration and...

ADB announces $350m for Pakistan to boost the role of women in the economy

ISLAMABAD: The Asian Development Bank (ADB) has approved a loan of $350 million to support access to finance for women...

Relationship between the USA and the Pakistan. Two flags of countries on heaven with sunset. 3D rendered illustration.

US-Pakistan agrees for increasing bilateral economic, trade ties

ISLAMABAD: The United States of America (USA) and Pakistan have agreed to increase bilateral economic and trade ties and meaningful...

Pakistan collects record Rs298b in tobacco taxes

ISLAMABAD: Pakistan raised a record Rs298 billion (around $1.1 billion) in tobacco taxes in 2024, marking a victory in the...

Nepra cuts power purchase price to Rs25.98 per unit for FY26

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced the national average Power Purchase Price (PPP) to Rs25.98 per...

FBR directs license cancellation for Peshawar cosmetic firm Over tax evasion

LAHORE: The Federal Board of Revenue (FBR) has initiated a significant enforcement action against a Peshawar-based cosmetic company, M/s Forvil...

FBR offices to remain functional on June 29 & 30

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that all its field offices across the country will operate on...

FBR recovers Rs53b through automatic audit closure in Tax Year 2024

ISLAMABAD: The Federal Board of Revenue (FBR) has successfully collected a significant amount of Rs53 billion during the tax year...

Rana Ihsaan Afzal meets Car dealers’ association to discuss import Policy reforms

ISLAMABAD: Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister of Pakistan on Commerce, conducted a meeting with Patron in...

Port Qasim cuts exporter charges by 50pc to boost trade: minister