Latest News

04/08/2023

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental...

Multan Customs generates Rs33.807m through taxes during July

MULTAN: Collectorate of Customs Enforcement has collected Rs33.807 million under the heads of customs duty, sales tax, income tax and...

Quetta Enforcement thwarts bid to smuggle goods worth Rs60m from Quetta to Karachi

QUETTA: Collectorate of Customs Enforcement Quetta has thwarted an attempt to smuggle goods worth Rs60 million at Quetta-Karachi road. Sources...

Coordinator to FTO Meher Kashif emphases importance of economy

LAHORE: Coordinator to Federal Tax Ombudsman Meher Kashif Younis on Thursday emphasized the importance of economy and democracy for Pakistan’s...

MILGEM project a major step towards self-reliance & indigenization: PM

KARACHI: Prime Minister Shehbaz Sharif on Thursday said that the launch of the state-of-the-art MILGEM Class Warship PNS Tariq was...

Karachi to get cheap electricity after K-Electric takeover

KARACHI: After acquiring 54 percent shares in K-Electric, Shahriar Chishti – the Head of AsiaPak Investment – on Wednesday revealed...

Dar felicitates Malik Amjad Zubair Tiwana on assuming charge of Chairman FBR

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar visited FBR Headquarters and felicitated Malik Amjad Zubair Tiwana on...

Dar praises FBR for collecting Rs7200b in last fiscal year

ISLAMABAD: Finance Minister Muhammad Ishaq Dar has commended Federal Board of Revenue for collecting 7,169 billion rupees in lieu of...

Banks to face 10pc Super Tax on incomes over Rs300mn

KARACHI: Banks will now have to pay a 10 percent Super Tax if their earnings go beyond Rs. 300 million....

Govt extends 35pc increase in salary to corporation employees

ISLAMABAD: In a significant move, the federal government has extended the 35 percent increase in salary, previously announced for all...

FBR posts 30pc growth in revenue collection during July

ISLAMABAD: The Federal Board of Revenue (FBR) has collected net revenue of Rs 538 billion against the target of Rs534...

Bank of China new branch to further strengthen Pak-China financial ties

ISLAMABAD: Finance Minister Ishaq Dar has stated that Pakistan was provided support by the Bank of China, ICBC, and Chinese...

ICCI terms massive hike in petroleum prices as a blow to the economy

ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry (ICCI) said that the government has made a massive...

SBP changes deadline for reporting monthly statistics on foreign currency deposits

KARACHI: The State Bank of Pakistan (SBP) has extended the deadline for reporting monthly statistics on foreign currency deposits and...

Pakistan & Barrick Gold ink accord for Reko Diq project earnings in PKR

ISLAMABAD: In a significant development for the Reko Diq project, Pakistan and the Barrick Gold Corporation have reached an agreement...

New FBR Active Taxpayers List showing 4.2 million filers

ISLAMABAD: The Active Taxpayers List (ATL) of the Federal Board of Revenue (FBR) is showing 4.2 million income tax return...

LHC moved against recent hike in fuel prices

LAHORE: A petition has been filed in the Lahore High Court (LHC), challenging the recent hike in fuel prices by...

Trade deficit narrows by 41pc in July

KARACHI: The trade deficit witnessed a decline of 41.16 percent during the first month of the current fiscal year (2023-24)...

Projects announced under SIFC will attract FDIs: RCCI