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
Multan Customs collects Rs137.270m revenue
MULTAN: Collectorate of Customs Enforcement has collected almost Rs137.270 million under the heads of customs duty, sales tax and Income...
SBP imposes 100pc cash margins on 177 imported items
KARACHI: The State Bank of Pakistan (SBP) imposed 100 percent cash margins on 177 items in a bid to curb...
SHC calls comments from customs officials on petition filed by M/s Attari Wires
KARACHI: A two-member bench of The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general...
FBR halts documentation exercise for registering 3.5 million non-filers
ISLAMABAD: The Federal Board of Revenue’s (FBR) biggest documentation exercise of launching a new web portal for registering 3.5 million...
Dollar’s month-long winning streak against Pakistani rupee ends
KARACHI: The upward streak of dollar has ended after almost a month period and the domestic currency recorded a sharp...
FBR freezes bank accounts of Jazz to recover default income tax of Rs5.7b
LAHORE: The Federal Board of Revenue (FBR) has attached Pakistan Mobile Communications Limited Jazz bank accounts for committing income tax default amounting...
FTO directs FBR to implement decision to refund excessive excise duty
ISLAMABAD: The federal Tax ombudsman has directed the Federal Board of Revenue (FBR) to implement the decision to refund excessive...
OICCI members spend Rs14.5b on CSR in 2020-21
KARACHI: The members of Overseas Investors Chamber of Commerce and Industry (OICCI) once again reaffirmed their commitment to uplift Pakistani...
ADB, LDC sign $100m loan to support smallholder farmer livelihoods, climate resilience
ISLAMABAD: The Asian Development Bank (ADB) and Louis Dreyfus Company B.V. (LDC) signed a loan of up to $100 million...
FEBR concerned over increase of 250 basis point in policy rate, abnormal surge in dollar prices
LAHORE: The Friends of Business and Economic Reforms (FEBR) president Kashif Anwar expressed deep concern over uncalled for increase of ...
State Bank reserves fall to lowest level since June 2020
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined 6.04% on a weekly basis, according...
Monatery policy: SBP hikes interest rate to 12.25%
KARACHI: In a surprise move, the State Bank of Pakistan (SBP) on Thursday raised its benchmark interest rate by a...
SBP receives 20 applications for digital bank licences
KARACHI: The State Bank of Pakistan (SBP) received an overwhelming response for digital bank licences, as 20 applications were received...
Consumers to submit CNIC copies for purchasing subsidized items: Utility Stores Corporation
ISLAMABAD: In a move to ensure that the Ramazan subsidy package is not misused, the management of the utility stores...
SHC seeks reply from customs officials on petition filed by M/s Black Gold Industries
KARACHI: A two-member bench of the Sindh High Court (SHC) headed by Justice Irfan Sadat Khan directed customs officials to...
Multan Customs seizes NDP vehicles & goods of worth Rs.205.38m
MULTAN: Collectorate of Customs Enforcement has seized non-customs paid vehicles and miscellaneous goods worth Rs205.38 million during anti-smuggling campaign in...
RCCI SOS call to end the current political and economic uncertainty
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed deep concern over the current economic and political uncertainty...
Lahore RTO creates tax demand of Rs26m against housing society
LAHORE: The Regional Tax Office (RTO) Lahore has created a tax demand of Rs26 million against a private housing society,...
FBR announces exemption of customs duty on import of oxygen gas
ISLAMABAD: Federal Board of Revenue (FBR) has exempted customs duty on import of oxygen gas and oxygen cylinders. The FBR...
Pakistan’s economic growth to moderate to 4pc in FY22: Asian Development Bank
ISLAMABAD: After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4%...
