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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
FBR collects Rs24b on purchases of immovable properties
ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs24 billion as withholding tax on purchase of immovable properties during tax...
Customs I&I foils bid to smuggle goods worth Rs45m via train
LAHORE: Directorate of Customs Intelligence and Investigation (I&I) seized a train-bogie loaded with smuggled goods worth Rs45 million which had...
Pak Rupee gains 33 paisa against USD
KARACHI: The exchange rate of US Dollar fell by 33 paisa in the interbank on Tuesday against Pakistani rupee. The...
LHC bars govt to procure sugar at Rs80 per kilogram from millers
LAHORE: The Lahore High Court (LHC) has on Tuesday barred the government from procuring sugar at Rs 80 per kilogram...
SBP unveils ambitious third 5-year Strategic Plan for Islamic Banking Industry
KARACHI: State Bank of Pakistan (SBP) unveiled its third five-year Strategic Plan for the Islamic Banking Industry. The strategic plan...
Hydropower tariff reduced by Rs1.56 per unit
ISLAMABAD: Hydropower tariff has been reduced by Rs 1.56 per unit. According to a statement issued by NEPRA, the average...
Banks likely to accept container detention, demurrage charges
KARACHI: The State Bank of Pakistan (SBP) has issued draft amendment to Foreign Exchange Manual under which banks may be...
PTA directs Jazz to discontinue use of ‘Super 4G’ in adverts
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has directed Jazz to discontinue using the term ‘Super 4G’ in all sorts of...
Govt to appoint new FBR chairman
ISLAMABAD: The federal government has decided to appoint a new chief for the Federal Board of Revenue (FBR) as the...
Customs Court approves bail to owner of M/s Friends Enterprises in bogus input & refund of sales tax fraud case
KARACHI: The Customs Court granted bail to suspect namely Muhammad Jawaid owner of M/s Friends Enterprises and directed him to...
M/s Khyber Traders moves SHC against enhancement of valuation of body spray consignment
KARACHI: M/s Khyber Traders has approached the Sindh High Court (SHC) and filed a constitutional petition against enhancement of valuation...
Govt likely to reappoint Shauzab Ali as SECP commissioner
ISLAMABAD: The Ministry of Finance is mulling over reappointing Shauzab Ali as Securities and Exchange Commission of Pakistan (SECP) commissioner...
Public debt climbs 4.28pc in July-Feb FY2021
ISLAMABAD: Pakistan’s public debt increased by Rs1.505 trillion or 4.28% in the eight months of this fiscal year amid an...
Hammad Azhar calls for rationalizing salaries, pensions of employees
ISLAMABAD: Finance Minister Hammad Azhar has emphasized for rationalizing the salaries, pensions, allowances and perks of employees by removing anomalies...
Hammad directs provinces to keep flour prices in check
ISLAMABAD: Finance Minister Hammad Azhar has directed the representatives of the provincial government to take appropriate measures for keeping prices...
Services trade deficit shrinks 41.8pc in 8 months
ISLAMABAD: The country’s services trade deficit contracted by 41.8 percent during the first eight months of the current financial year...
Quetta Appraisement surpasses revenue collection target
QUETTA: Collectorate of Customs Appraisement collected Rs5.4 billion against the assigned target of Rs3.7 billion, i.e Rs1.7 billion collected over...
Gold prices fall by Rs950 to Rs104,450 per tola
ISLAMABAD: The price of 24 karat per tola gold decreased by Rs950 on Monday and was traded at Rs104,450 against...
Spices export increases 8.20pc to $ 61m in 8 months
ISLAMABAD: The export of spices from the country witnessed an increase of 8.20 percent during the eight months of financial...
Director Dr. Sadiqullah Khan’s Hyderabad I&I impounds smuggled fabric, vehicle worth Rs35.5m near Kashmore
HYDERABAD: Under the supervision of Director Customs Intelligence and Investigation Dr. Sadiqullah Khan, Directorate of Customs Intelligence and Investigation (I&I)...
