Latest News
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
SECP declares 2308 companies tax defaulter
ISLAMABAD: Security Exchange Commission of Pakistan has revealed the names of tax evading companies. According to SECP report the information...
ATIR received 29625 pending tax appeals; FBR reports 5758
ISLAMABAD: There is a huge difference in the number of pending appeals pertaining to tax cases when FBR’s data is...
Weak audit and un-documented economy fails USAS in Pakistan: FBR
ISLAMABAD: Senior Member Federal Board of Revenue and Inland Revenue Policy Shahid Hussain Asad said that the Universal Self Assessment...
UK property tax system lowers costs as average prices rise 1.4% to $414,000
LONDON: UK property-tax system lowered costs for prospective buyers. Average prices increased 1.4 percent from December to 273,275 ($414,000), snapping...
China’s shipbuilding figures for completed vessel tonnage show decline in 2014
BEIJING: The latest figures released by China’s ministry of industry and information technology showed a decrease in the country’s shipbuilding...
Russia, Venezuela agree to boost investment in joint oil exploration projects
MOSCOW: Russia and Venezuela have agreed to increase cooperation in joint oil exploration projects and promised to work together to...
Human smuggling: Chinese police shoot two Uighurs men at Vietnam border
BEIJING: Chinese police shot dead two ethnic Uighurs trying to cross the border with Vietnam, as the public security ministry...
Iran plans to cut oil price in next budget up to $40 a barrel
TEHRAN: The Iranian administration is planning to lower the crude oil price for the next year’s budget (March 2015-March 2016) to...
Saudi food producer Savola Group misses profit target by 23%
RIYADH: Saudi food producer Savola Group , the country’s largest food products company, reported a 23 per cent drop in...
Iran, Kazakhstan ready to extend cooperation in banking, mining
TEHRAN: Iran and Kazakhstan have affirmed the need to expand cooperation in the banking and mining spheres. In a meeting...
210,000 tonnes of smuggled rice worth 1.26 billion yuan seized in China
BEIJING: Over 210,000 tonnes of smuggled rice worth 1.26 billion yuan ($205 million) was seized in China last year, a...
China economic growth likely to drop to 7.3% in 2015
BEIJING: China economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the...
Rupee remains firm vs dollar in interbank at 100.50, sheds 5 paisas in open market to reach 101.50
KARACHI: Pakistani rupee Monday remained steady against US dollar in interbank, however it lost value in open market. As per...
Bangladesh allows India to supply 25,000 tonnees of rice through its territory
DHAKA: Bangladesh will allow India to use its territory to supply 25,000 tonnes of rice from Kolkata to Tripura, both...
Rs10m under-invoicing: Appraisement-West detects tax evasion in 100-plus consignments of IDEAS-2014
KARACHI: The Appraising Intelligence Branch (AIB) of Model Customs Collectorate-MCC of Appraisement (West) detected around Rs10 million short recovery in...
AIB of Appraisement-West starts scrutinizing clearance data under SRO 659(I)/2007
KARACHI: The Appraising Intelligence Branch (AIB) of Model Customs Collectorate-MCC Appraisement (West) in its recent move in connection with detecting...
India Crime Branch nails down gold smuggling racket, nabs 17 smugglers
MUMBAI: India Central Crime Branch sleuths have arrested two persons from whom 2.2 kg of unaccounted gold ornaments have seized here...
Energy crisis, war on terror main reasons for slow growth rate of exports
ISLAMABAD: The Commerce Ministry has said energy crisis and the ongoing war on terror are major reasons behind slow growth...
Romania Envoy stresses strong ties with Pakistan
LAHORE: Ambassador of Romania Emilian ION has stressed the need for strengthening trade and economic relations...
Pakistan imports items worth Rs 1.75b thru Wagha from India
LAHORE: Pakistan imported items worth Rs 1.75 billion during January 1-15, 2015 from India via Wagha border,...
