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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
SBP slaps Rs1.45b penalty on 18 banks till Dec 31, 2021
KARACHI: The State Bank of Pakistan (SBP) has imposed Rs1.45 billion as monetary penalty on 18 financial institutions for violating...
FTO directs FBR to set time limit for deciding cases of ADRC
LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to fix specific time limit for...
Multan Customs foils bid to smuggle urea fertilizer worth Rs15.8m to Afghanistan
MULTAN: Collectorate of Customs Enforcement and Compliance (E&C) has seized illegal urea fertilizer worth Rs15.8 million being smuggled to Afghanistan...
Pakistan foreign exchange reserves rise to $23.72b
KARACHI: Pakistan’s foreign exchange reserves increased significantly to $23.72 billion owing to inflows from International Monetary Fund (IMF) and Sukuk...
CC IR submits FIR against M/s K. P Chemical & Suppliers in tax evasion scam
KARACHI: The customs court directed investigation officer of Commissioner Inland Revenue, Zone-I to complete investigation and submit a progress report...
FBR seizes illegal cigarettes worth Rs225.38mn in 7MFY22
ISLAMABAD: Building on its momentum to maximize tax compliance, the Federal Board of Revenue’s Inland Revenue Enforcement Network (IREN) Squads,...
Etisalat ready to further invest in IT, telecom sectors
ISLAMABAD: The Chief Executive Officer (CEO) Etisalat International, Hatem Dowidar reaffirmed to have evaluation of properties completed soon and expressed...
Multan Customs collects Rs.110.11m revenue
MULTAN: Collectorate of Customs Enforcement has collected almost Rs110.11 million under the heads of Customs duty, Sales taxes and Income...
Weekly inflation goes down by 0.08 percent
ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on February 10, for the combined consumption...
Customs Court sends suspects to jail in HSD oil smuggling case
KARACHI: Customs court sent suspects namely Muhammad Iqbal son of Muhammad Aziz Khan owner of oil tanker, Fazal Ur Rehman...
ICCI, PWCCI sign MoU to promote economic empowerment of women
ISLAMABAD: The Islamabad Chamber of Commerce & Industry (ICCI) and Peshawar Women Chamber of Commerce & Industry (PWCCI) have signed...
PPMA urges govt to withdraw 17pc GST on raw materials for medicine
MULTAN: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has urged the federal government to immediately review its policy to impose a...
SBP imposes Rs57.83m penalty on five banks on regulatory violation
KARACHI: The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs57.834 million on five major banks on...
SHC disposes of case with directions filed by Ali Hussain Rajabali Limited against SECP
KARACHI: A single bench of the Sindh High Court (SHC), comprising Justice Muhammad Shafi Siddiqui disposed of a case filed...
KP finance minister calls on Tarin
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with Taimur Saleem Khan Jhagra, Finance Minister, Khyber...
FBR, PTB sign accord to broaden tax base
ISLAMABAD: Federal Board of Revenue (FBR) and Pakistan Tax Bar (PTB) on Tuesday signed a Memorandum of Understanding (MoU) for...
ECC approves textile policy with certain amendments
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet approved Textiles and Apparel Policy, 2020-25 with certain amendments. The ECC met...
Tarin assures govt’s support for farmers of drought hit area
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin assured the government’s full support for drought hit farmers of Thal...
FBR summons Hareem Shah on February 17 in money laundering case
LAHORE: The Federal Board of Revenue has started a tax investigation against TikToker Hareem Shah FBR Intelligence and Investigation (I&I)...
Customs Court extends physical remand of brother/sister in 61,600 Euros smuggling case
KARACHI: Customs court extended physical remand of brother & sister namely Obaid Siddiqui son of Muhammad Afzal and Aqsa Siddiqa...
