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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
IMF asks Pakistan to shift deposits of Rs2,900b into Federal Consolidated Fund: report
ISLAMABAD: The International Monetary Fund (IMF) has expressed serious concerns over Pakistan's failure in operationalising the Treasury Single Account (TSA-1)...
KP Finance Dept identifies over Rs4bn in inactive bank accounts
PESHAWAR: The Khyber Pakhtunkhwa (KP) government has identified Rs4.60 billion in dormant accounts belong to various administrative departments. As per...
Pakistan’s earns $419m from IT services’ export in 2MFY22
ISLAMABAD: Pakistan earned $419.992 million by providing different information technology (IT) services in various countries during the first two months...
Industrialists protest over 20pc additional sales tax by KE
KARACHI: President, North Karachi Association of Trade & Industry (NKATI) Faisal Moiz Khan, while expressing deep concerns over the imposition...
SHC directs to maintain status quo on petition filed by M/s Aamir Brothers challenging VR 1408/2019
KARACHI: The Sindh High Court (SHC) directed customs officials to maintain the status quo till the next date of hearing...
SHC restrains CIR from taking any adverse action against Port Qasim Authority
KARACHI: The Sindh High Court (SHC) restrains Commissioner Inland Revenue (CIR) from taking any adverse action against petitioner till final...
Pakistan, IMF deadlock over rupee devaluation, tax exemption persists
ISLAMABAD: Talks between Pakistan and the International Monetary Fund (IMF) failed to make headway on Saturday as the two sides...
Rawalpindi I&I impounds smuggled goods & vehicles worth Rs55m
ISLAMABAD: The Directorate of Customs Intelligence and Investigation Rawalpindi have seized Rs55 million of smuggled goods and non duty paid...
Pakistan Customs seizes smuggled goods worth Rs58b during FY21
LAHORE: Pakistan Customs has seized smuggled goods amounting to Rs 58 billion during the fiscal year 2020-21 as comparing to...
Customs I&I detects valuation fraud worth billions
ISLAMABAD: Directorate of Customs Intelligence and Investigation has unearthed a valuation fraud worth billions of rupees within the department. Sources...
Premature to say IMF talks have failed; announcement to be made by IMF itself: Muzzammil Aslam
ISLAMABAD: The Ministry of Finance on Saturday said that Pakistan has accepted most of the International Monetary Fund's (IMF) new...
Pakistan-Japan agree on debt deferral of US$200m
ISLAMABAD: The Governments of Japan and Pakistan on Friday agreed on debt deferral amounting to US$200 million, as the second...
RCCI delegation calls on Malaysian envoy, discuss bilateral trade ties
RAWALPINDI: A delegation led by Nadeem Rauf, President, Rawalpindi Chamber of Commerce and Industry (RCCI), called on Adam M. Tugio,...
‘Pakistan has private investment opportunity of over $96b in infrastructure related SDGs’
ISLAMABAD: Minister for Economic Affairs Omar Ayub Khan said Pakistan has private investment opportunity of ninety-six point two billion dollars...
Islamabad Customs foils bid to smuggle imported phones, drone cameras worth Rs90m
ISLAMABAD: The Pakistan Customs has foiled an attempt to smuggle large quantities of imported phones and drone cameras. Sources said...
Digital payments remain on upward trajectory in FY21: SBP
KARACHI: The State Bank of Pakistan (SBP) on Friday released its Annual Payment Systems Review (PSR) for the fiscal year...
SHC dismisses reference application seeking release order for allegedly smuggled gas cylinders
KARACHI: The Sindh High Court (SHC) dismissed reference application filed by Muhammad Shafiq Awan against detention of his imported gas...
Collector Appraisement East submits reply in SHC against M/s Kamla Brothers
KARACHI: Collector of Customs Appraisement East has submitted reply before the Sindh High Court (SHC) and claimed that petitioner is...
FBR warns inquiry officers of action in case of delayed reports
ISLAMABAD: The Federal Board of Revenue (FBR) has warned inquiry officers of disciplinary action for delaying inquiry reports. In an...
Shibli approves exemption of marking fee for SMEs
ISLAMABAD: Federal Minister for Science and Technology Senator Syed Shibli Faraz approved the exemption of marking fee for small and...
