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KARACHI: After six months of tireless work of NAB’s Deputy Director Salahuddin and excellent cooperation with the victims, the matter...

Sales tax evasion of Rs95.108m: IR lodges FIR against M/s Royal Industries

KARACHI: Deputy Commissioner Inland Revenue, Zone-I submitted first information report (FIR) against Muhammad Zain Anis owner of M/s Royal Industries,...

FBR announces tax relief of Rs24.14b on domestic supply of sugar

ISLAMABAD: Federal Board of Revenue (FBR) has granted concession of Rs24.14 billion as sale tax on domestic supply of sugar....

ECC forms committee to evaluate wheat support price

ISLAMABAD: Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee...

FBR issues details of sales tax concessions worth Rs23.15b on import of mobile phones

ISLAMABAD: Federal Board of Revenue (FBR) issued details of sales tax concessions to the tune of Rs23.15 billion granted on...

Customs court awards imprisonment to suspect in contraband goods smuggling case

KARACHI: The Customs & Taxation Court awarded 25 days imprisonment and fine Rs3,00,000 to suspect namely Naimat Ullah son of...

FBR grants tax concessions to large retailers

ISLAMABAD: The federal government has once again agreed to tax concessions for Pakistan’s big retailers in a deal that would...

Customs E&C seizes 75 houbura bustards, falcons worth Rs200m from DHA

KARACHI: Collectorate of Customs Enforcement & Compliance (E&C) seized 75 birds of endangered species during the intervening night of 14th...

Punjab govt closely monitoring wheat, sugar situation

LAHORE: The Punjab government is closely monitoring wheat and sugar situation in the province to ensure smooth provision of these...

Moody’s downgrades Britain’s debt ratings to Aa3 on Brexit damage

WASHINGTON: Moody’s on Friday cut the rating on Britain’s debt a notch to Aa3, citing a weakening economy "exacerbated" by...

Additional Director Saeed Wattoo to supervise auction of seized goods & vehicles today

MULTAN: Directorate of Customs Intelligence and Investigation (I&I) will conduct auction of fresh and leftover goods and vehicles (today). Additional...

Demand of irrelevant documents by bankers causing huge demurrage & detention charges to importers: Khadim Hussain

byM Hayat

LAHORE: Lack of coordination between Pakistan Customs and State Bank of Pakistan (SBP) has put the importers to face hardships...

NA standing committee visits Millat Tractors

LAHORE: The National Assembly Standing Committee on Industries & Production visited Millat Tractors Limited to know about the current status...

Tax evasion: IR II&P submits FIR against M/s Zainab Enterprises/Safwan Trading Corporation

KARACHI: Investigation officer of Inland Revenue (IR), Intelligence Investigation & Prosecution (II&P) Cell has submitted first information report before the...

Video surveillance solution to monitoring without human intervention: Member IR Dr. Ashfaq

Faster Plus is world’s best system for ST refunds: Member IR Operations Dr. Ashfaq KARACHI: Member (IR Operations) Federal Board...

SHC seeks reply on petition filed by M/s Puma Energy (Pvt) Ltd against demand notice

KARACHI: A division bench of the Sindh High Court (SHC) issued notices to customs authorities and deputy attorney general of...

Punjab govt to share e-stamp, land ownership data with FBR

ISLAMABAD: In line with the vision of Prime Minister Imran Khan to enhance transparency in the tax collection system, the...

Gwadar Customs to hold auction of confiscated vehicles on October 20 at Turbat