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KPRA collects Rs13.123bn from Sales Tax on Services & IDC in first quarter of FY 2026-27

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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

Gold prices increase by Rs500 per tola

KARACHI: The per tola gold price witnessed an increase of Rs500 to Rs119,500 in the domestic market on Saturday. Likewise,...

LCCI holds flag hoisting ceremony on Independence Day

byM Hayat

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has held flag hoisting ceremony at the Chamber. A number of industrials...

PPA wants bailout package to rescue poultry industry

LAHORE: Ch. Muhammad Fargham vice-chairman Pakistan Poultry Association (NR) has called for a bailout package to rescue the poultry industry,...

Happy to launch CPEC internship: Asim Saleem Bajwa

ISLAMABAD: China–Pakistan Economic Corridor (CPEC) Authority Chairman Lt. Gen. (r) Asim Saleem Bajwa has said that he is happy to...

Chinese firms hit by new import hurdles in India

NEW DELHI/SHANGHAI: Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five...

PR decides to restore five more trains from August 17

LAHORE: The Pakistan Railways has decided to restore five more trains from August 17 under designed standard operating procedures (SOPs)...

Blue-economy policy to save valuable foreign exchange of Pakistan: PM Imran

ISLAMABAD: Prime Minister Imran Khan expressed his approval and hopes from the new shipping policy through a tweet on Saturday....

Multan I&I seizes smuggled goods & vehicles worth Rs770m

MULTAN: Directorate of Customs Intelligence and Investigation (I&I) has seized smuggled goods and vehicles worth Rs770 million in their anti-smuggling...

Mis-declaration: Customs Court approves pre-arrest bail of M/s Mehmood Steel Furnace, M/s Realex Int’l directors

byM.B. Rana

KARACHI: The Customs Court approved pre-arrest bail of Sheikh Mehmoodul Haq, director/ proprietor/ partner of M/s Mehmood Steel Furnace, Sikandar...

SHC seeks reply from customs officials on petition seeking release of imported goods

byM.B. Rana

KARACHI: The Sindh High Court (SHC) directed officials of customs department to file their para wise comments on a constitutional...

FBR speeds up operation against sales tax evasion after unearthing major scam

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Javed Ghani on Friday issued directions to his Bureau offices to speed up...

FBR issues explanation to amendment made to Federal Excise Act, 2005

ISLAMABAD: Federal Board of Revenue (FBR) has issued explanation to amendment made to Federal Excise Act, 2005 through Finance Act,...

FBR updates WHT rates for brokerage, commission

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates for brokerage and commission income for tax year 2021....

Federal govt, IPPs reach agreement, announces Shahzad Qasim

ISLAMABAD: Federal government on Saturday announced that it has reached an agreement with the independent power producers (IPPs). Announcing the...

NAB placed names of 261 accused on ECL in year 2019