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
Cabinet panel approves EXIM Bank procurement policy, clears board appointments
ISLAMABAD: The Cabinet Committee on State-Owned Enterprises approved the Procurement Policy of the Export-Import Bank of Pakistan 2025, aimed at...
FBR Chairman offers installment option for Rs217b super tax arrears
ISLAMABAD: The Federal Board of Revenue (FBR) has announced major relief for Pakistan’s business community by agreeing to recover pending...
ECC defers ECP grant request, approves Rs1b for scholarships, relief allocations
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet deferred a request by the Election Commission of Pakistan (ECP) for...
Pakistan exporters eye Saudi Arabia as Vision 2030 fuels healthcare expansion
ISLAMABAD: Pakistan’s globally recognised surgical instruments industry is eyeing Saudi Arabia as a “lucrative” growth market, as the Kingdom ramps...
LESCO reduces export unit rate for net metering consumers
LAHORE: Lahore Electric Supply Company (LESCO) has reduced the electricity export rate by 66 paisa for net metering customers. The...
SBP governor says new designs, polymer currency under review
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad dismissed reports of plans to phase out the Rs5,000 currency note,...
FBR imposes major penalty on customs inspector Abdul Fatah for possessing NCP vehicle
LAHORE: The Federal Board of Revenue (FBR) has imposed a major penalty on a customs official after disciplinary proceedings established...
FBR issues Rs189m tax demand against M/s Sazgar Engineering Works Ltd
KARACHI: The Federal Board of Revenue (FBR) has raised a tax demand of Rs188.9 million against Sazgar Engineering Works Limited,...
KPRA forms task force to ensure monitoring, enforcement
PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) constituted a task force to ensure continuous monitoring and enforcement. The decision was taken...
Pakistan, Kazakhstan set $1b trade target, agree on regional transport corridor
ISLAMABAD: Pakistan and Kazakhstan on Wednesday agreed to significantly enhance trade, investment, and regional connectivity, committing to raise the bilateral...
Senate pushes back against immediate super tax recovery
ISLAMABAD: The Senate Standing Committee on Finance and Revenue on Wednesday asked the Federal Board of Revenue (FBR) to allow...
FBR introduces new auction procedure for shipborne scrap
ISLABABAD: The Federal Board of Revenue (FBR) on Wednesday introduced a detailed procedure for the auction of shipborne scrap, aiming...
FBR notifies key amendments to export facilitation scheme rules
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday announced important amendments to the Customs Rules, 2001, introducing changes to...
Supreme Court criticises govt for filing frivolous tax appeals on settled law
ISLAMABAD: The Supreme Court has strongly criticised government departments, particularly tax authorities, for mechanically filing appeals and petitions on legal...
Pakistan sets December 2026 deadline for tax simplification reforms
ISLAMABAD: The Government of Pakistan has announced December 2026 as the target deadline to roll out wide-ranging reforms aimed at...
LCCI demands notification of Rs102b cross-subsidy relief
LAHORE: President of the Lahore Chamber of Commerce and Industry, Faheem ur Rehman Saigol, has lauded abolishing the Rs 102...
PIA privatisation enters next phase as govt weighs sale of remaining 25pc stake: report
ISLAMABAD: Pakistan International Airlines’ privatisation process is moving into its next stage, with officials indicating that the federal government has...
Businesses penalised for manipulating sales records
LAHORE: The Punjab Revenue Authority (PRA) has conducted enforcement operations in Lahore and Rawalpindi against businesses found involved in manipulation...
Govt bans use of personal email accounts for official correspondence
ISLAMABAD: The federal government has imposed a complete ban on the use of personal and private email accounts for official...
Peshawar Customs to auction confiscated vehicles on Feb 12
PESHAWAR: The Collectorate of Customs (Enforcement), Peshawar, has announced Auction Schedule No. 14/2025-26 for the sale of confiscated and unclaimed...