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
FTO detects tax evasion by Trusts controlling medical colleges
LAHORE: The Federal Tax Ombudsman (FTO) Dr. Asif Mehmood Jah has detected hugeirregularities by Trusts controlling the medical colleges. This...
Balochistan Customs seizes smuggled goods, vehicles worth Rs57b during 1H of FY2023-24
QUETTA: Collectorate of Customs Balochistan showed outstanding performance performance for the first half of the fiscal year 2023-24. According to...
Tax evasion: Customs SAPT files FIR against M/s Shahid Sons
KARACHI: Collectorate of Customs SAPT has registered a first information report (FIR) against M/s Shahid Sons for submitting fake invoices...
Consultative meeting on legal segregation of PIACL held
ISLAMABAD: Caretaker Minister for Privatisation Fawad Hasan Fawad chaired a consultative meeting on legal segregation of Pakistan International Airlines Corporation...
SRB seals M/s Toro Fitness (Pvt) Ltd for evading sales tax
KARACHI: The Sindh Revenue Board (SRB) has sealed the business premises of M/s Toro Fitness (Private) Limited, located at House...
FTO directs FBR to take action against hackers involved in forging sales tax returns
MULTAN: Hackers are bypassing the Federal Board of Revenue’s (FBR) sales tax system to amend sales tax returns of genuine...
SBP injects Rs1.25tr to address liquidity shortage in banks
KARACHI: The State Bank of Pakistan (SBP), has infused Rs1.25 trillion into both conventional and Shariah-compliant banks for up to...
Pakistan-UAE agrees to maximize bilateral trade ties
ISLAMABAD: The Pakistan and United Arab Emirates(UAE) agreed to maximize bilateral trade and facilitate Investment in Key Sector. Dr Gohar...
PFC delegation to attend Sial Montreal Canada Expo
LAHORE: Pakistan Furniture Council’s (PFC) delegation will attend a three-day Sial Montreal Canada Expo to be held from May 15...
Retailers seek tax relief amidst recent policy changes: LCCI
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Kashif Anwar has urged the Federal Board of Revenue (FBR) for...
FBR set for comprehensive restructuring
ISLAMABAD: The government is prioritising the restructuring of the Federal Board of Revenue (FBR) with the aim of enhancing its...
Chinese delegation visits ICCI to explore JVs and investment prospects in Pakistan
ISLAMABAD: A Chinese business delegation led by Zhang Yang, Chairman, Chang Jiang Industrial Company (Pakistan) Company Limited and Director Chongqing...
Pakistan can be a beneficiary as LNG spot price index touched last month $11.70
LAUNCESTON: Asia's imports of liquefied natural gas (LNG) rose to a record in December, but spot prices remained subdued as...
FBR’s restructuring plan finalized after consultation with IMF
ISLAMABAD: The recommendations for restructuring of the Federal Board of Revenue (FBR) have been completed after consultations with the International...
Collector Imran Bokhari’s Multan Enforcement seizes smuggled goods, vehicles worth Rs437.29m in Dec 2023
MULTAN: Under the dynamic leadership of Collector Syed Imran Bokhari, Collectorate of Customs, Enforcement seized smuggled goods and non-duty paid...
Chief Collector Mirza Mubashir Baig transfers superintendent, inspectors
LAHORE: Collectorate of Customs Enforcement Chief Collector Mirza Mubashir Baig has issued notification for transfer and posting of following officers...
Lahore RTO leads highest number of active taxpayers in 2023
LAHORE: The Regional Tax Office (RTO) Lahore has emerged as the frontrunner in registering the highest number of active taxpayers,...
Govt’s domestic debt surges to Rs41tr, reflecting 24pc YoY increase
KARACHI: The State Bank of Pakistan’s latest data reveals a substantial 24% year-on-year rise in the federal government’s domestic debt,...
LHC announces ruling regarding search warrants against corporate taxpayers
LAHORE: The Lahore High Court (LHC) has declared that the Federal Board of Revenue (FBR) cannot issue search warrants for...
Pakistan Customs notifies conditions for drawback repayment on export of imported goods
ISLAMABAD: Pakistan Customs has issued a set of conditions for the repayment of drawback on the export of imported goods...
