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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
UAE Customs inks agreement with SRC
KARACHI: The Federal Customs Authority (FCA) of the United Arab Emirates (UAE) has signed a technical cooperation...
Communication gap main hurdle in export promotion to Spain
ISLAMABAD: The Ministry of Commerce (MoC) has found out lack of information and lack interaction among business communities...
FBR RTO II issues Rs 850m in 6 months
LAHORE: The Federal Board of Revenue Regional Tax office II Lahore has issued almost Rs 850 million tax...
Sindh Excise speeds up tax recovery drive
KARACHI: The Sindh Excise and Taxation Department has expedited the tax recovery drive. According to sources, on the special orders...
FBR seeks tax recovery reports from RTOs and LTOs
KARACHI: The Federal Board of Revenue has sought a tax recovery reports from RTOs and LTOs regarding loans waved off...
Sales tax on petroleum products increased from 17pc to 22pc
LAHORE: The federal government has decided to increase sales tax on petroleum products from 17 percent to 22. The Federal...
Housemaids’ trafficking on rise from Bahrain into Saudi Arabia
JEDDAH: According to Saudi Arabian authorities, a mark-able rise has been made in housemaid smuggling from Bahrain into eastern province...
China integrates regional customs clearance procedures
CHINA: General Administration of Customs in China has effectively made an integration of customs clearance procedures in three important economic...
Iran, Azerbaijan customs to expand cooperation to implement ‘one window’ system
TEHRAN: Azerbaijan’s State Customs Committee and the Customs Service of Iran will sign a memorandum on cooperation in the field...
Closing: KSE 100-index posts marginal gains, up 47pts to touch 32,000pts mark
KARACHI: The Karachi Stock Exchange benchmark 100-index gained 47.16 points or 0.15 percent to reach 31953.90 points and volume of 146,940,180...
China, Japan sign 40 agreements on energy, environment
BEIJING: China and Japan have signed over 40 different collaborative agreements on energy conservation and environmental protection.The deals have been...
Saudi Arabia officially introducing ATA Carnet system in 2015
RIYADH: Mr. Nasib said that the ATA Carnet system reduces costs to exporters by simplifying border crossings, eliminating value-added tax...
China rises tax threshold on oil and gas output for 2015
BEIJING: China’s Ministry of Finance announced that it will be raising the threshold for windfall taxes on oil and gas...
Bangladesh Board of Revenue extends deadline for implementing contentious VAT law
DHAKA: The implementation of new VAT law has delayed due to moratorium in software acquisition and opposition from businesses. Bangladesh...
No more dependency: Russia, China use local currencies as financial tools
MOSCOW: For reduce the dependency on US dollar and foreign exchange risks China and Russia have decided to switched to...
Rupee depreciates by 20 paisa to reach 100.95 as govt, PTI deadlock persists
KARACHI: The Pakistani rupee Tuesday weakened against US dollar both in interbank and open market as deadlock between the government...
Lava Iris 310 hit market with 4.4 KitKat, 1.3GHz processor, 256 RAM, 2GB storage in Rs 3,749
NEW DELHI: The Indian mobile manufacturer Lava launched Iris Fuel 60 with a whooping 4000mAh battery and now the company...
Rs20 per litre cut in oil prices: FBR to face Rs70b revenue loss, collects Rs900b in July-Nov
ISLAMABAD: The government has to face Rs70 billion loss annually after declining trend in petrol prices. This was disclosed by...
KSE 100-index loses 86pts, down 0.27% as standoff persists between govt, PTI
KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 86.27 points or 0.27 percent to reach 31906.74 points and volume...
Exports Collectorate recovers Rs 873,000 from importer
KARACHI: The Special Recovery Cell (SRC) of MCC-Exports has recovered overdue Rs 610,000 along with surcharge Rs 263,000...
