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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

Chairman FBR expresses readiness to discuss recent changes made in the tax law

ISLAMABAD: Chairman, Federal Board of Revenue (FBR), Rashid Mahmood Langrial has expressed willingness to discuss the recent changes made in...

IMF allows import of five-year-old vehicles

ISLAMABAD: The International Monetary Fund (IMF) has allowed the Ministry of Commerce to import of five-year-old vehicles. During a meeting...

Govt slashes tax rate to 1pc for individuals earning up to Rs1.2m annually

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday announced a positive development for the salaried class revealing that the tax rate...

FBR earns Rs180b in regulatory duty during FY24

ISLAMABAD: The Federal Board of Revenue (FBR) has reported the collection of Rs180.54 billion in regulatory duty during the fiscal...

Govt signs $4.5b loans with local banks to ease power sector debt

LAHORE: Pakistan has signed term sheets with 18 commercial banks for Rs1.275 trillion ($4.50 billion) Islamic finance facility to help...

Govt decides to import 500,000 tons of sugar

ISLAMABAD: The Federal Ministry of National Food Security on Friday decided to import 500,000 tons of sugar to control fluctuations...

Pakistan’s foreign exchange reserves climb by $130m: SBP

KARACHI: In a promising development for Pakistan’s external financial position, the State Bank of Pakistan (SBP) has announced an increase...

Pakistan considers Rs30b additional taxes to meet IMF demands

ISLAMABAD: The federal government is currently weighing options to either impose an additional Rs. 30 billion in taxes or implement...

FBR moves to end banks’ special tax privileges, advocates normal corporate tax regime

ISLAMABAD: The Federal Board of Revenue (FBR) has put forth a significant proposal to abolish the Seventh Schedule of the...

Dairy sector warns 18pc GST on packaged milk is harming industry & revenue

ISLAMABAD: The Pakistan Dairy Association (PDA) has issued a stark warning regarding the impact of the current 18 percent General...

FBR reports 545pc surge in property transaction tax collection over five years

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a staggering 545% increase in income tax collection from transactions involving...

FBR reveals 200pc surge in salary tax collection over five years

byQaisar Mansoor

ISLAMABAD: In a significant revelation, the Federal Board of Revenue (FBR) has announced a remarkable 200% surge in salary tax...

Pakistan raises over $4.2b in bond auction, launches first 15-year zero coupon issue

ISLAMABAD: Pakistan raised more than Rs1.2 trillion ($4.2 billion) in a government bond auction, including the launch of its first-ever...

Irregularities found in KP health procurement as four companies fail to deliver Rs1.19b worth of medicines

PESHAWAR: The Khyber Pakhtunkhwa (KP) health procurement scandal has intensified following an official inquiry that uncovered serious irregularities. The investigation...

Careem ends ride-hailing operations in Pakistan

ISLAMABAD: Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges,...

LCCI opposes discretionary powers to FBR

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Engineer Khalid Usman rejected the proposed powers to Federal...

Cabinet approves Power Sector debt plan to restore financial stability

ISLAMABAD: The federal cabinet gave the green light to Pakistan’s largest financial restructuring scheme aimed at eliminating the crippling circular...

FBR publicly names sugar mills in major tax evasion crackdown

ISLAMABAD: In a significant move highlighting the Federal Board of Revenue’s (FBR) intensified efforts against tax evasion, Chairman Rashid Langrial...

Tribunal upholds CCP’s decision against PSM for abuse of dominance

LAHORE: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan (CCP) decision against Pakistan Steel Mills (PSM),...

KPT, KCCI to foster collaboration for streamlining port operations, boosting trade