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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
Sustainable growth is our goal: SBP Governor Reza Baqir
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Friday that with the news of Saudi aid,...
RCCI strongly resents 150 basis points hike in SBP’s interest rate
RAWALPINDI: The Rawalpindi Chamber of Commerce & Industry (RCCI) on Friday showed strong reservations for increasing 150 basis points in...
Customs Court frames charge against suspect in bogus refund of sales tax scam
KARACHI: The Customs Court framed charged against Muhammad Jawaid of M/s Friends Enterprises and summons to prosecution witnesses for recording...
FBR serves notice to filmstar Arbaz Khan
LAHORE: Renowned Pakistani film star Arbaz Khan was served by a Federal Board of Revenue (FBR) notice. FBR had sent...
FTO directs FBR to rectify misconduct at customs check posts
ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to rectify the...
Trade deficit in services soars by 39pc YoY in 4MFY22
ISLAMABAD: Pakistan’s trade deficit in services worsen by 39% YoY to $1.04bn during the 4M of the fiscal year 2022...
Pakistan to barter rice for LPG from Iran: Razak Dawood
ISLAMABAD: Pakistan would import liquefied petroleum gas (LPG) from Iran in exchange for rice under a barter arrangement endorsed by...
Export sector to get stable gas supply during winter: Hammad Azhar
ISLAMABAD: Federal Minister for Energy Hammad Azhar on Friday assured the export sector of stable gas supply during winters. Amid...
Monetary policy: SBP jacks up interest rate by 150 bps to 8.75pc
KARACHI: In line with market expectations, the State Bank of Pakistan (SBP) on Friday announced an increase of 150 basis...
FBR authorizes IR officers to obtain sales tax record for inspection
MULTAN: The Federal Board of Revenue has authorized Inland Revenue Officers to obtain sales tax record after the issuance of...
Bank staffers allegedly encouraged dollar hoarding, shares: SBP Governor Reza Baqir
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir met the heads of multiple banks and conveyed that their staffers...
Pakistan’s foreign exchange reserves slip to $23.55b
KARACHI: The liquid foreign exchange reserves of the country slipped by $476 million to $23.55 billion by the week ended...
Govt taking pragmatic steps to tackle inflation, stabilize foreign exchange: Tarin
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin said the government has taken pragmatic steps to...
Tax evasion: Customs I&I detains consignment imported by M/s Lucky Cement
KARACHI: Directorate of Customs Intelligence and Investigation (I&I) has detained a consignment of plant and machinery imported by M/s Lucky...
LSM grows 5.15pc during 1Q of FY22
ISLAMABAD: Pakistan’s Large Scale Manufacturing Industries (LSMI) production grew by 5.15 per cent during the first quarter of the current...
IO CIR submits final charge sheet against M/s Muhammad Shoukat in tax evasion scam
KARACHI: Investigation Officer (IO) of Commissioner Inland Revenue (CIR) Zone-1 Regional Tax Office Karachi submitted final charge sheet against suspect...
SHC seeks comments on petition filed by M/s Build Traders Private Limited
KARACHI: A two-member bench of the Sindh High Court (SHC) directed customs officials to file their respective para wise comments,...
CCoE decides to curtail gas supply to CNG sector in winter
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday decided that gas supply to the CNG sector will be curtailed...
Assistant Collector Ahmed Rizwan redistributes work among principal appraisers, superintendent
KARACHI: Collectorate of Customs Port Muhammad Bin Qasim Assistant Collector Ahmed Rizwan has issued office order for redistribution of work...
FDI drops 24pc to $223m in October: SBP
KARACHI: The net foreign direct investment (FDI) into different sectors like power, communications and oil and gas exploration dropped 24...
