RTO Rawalpindi disallowed to attach taxpayer’s bank accounts ISLAMABAD: The Lahore High Court (LHC) Rawalpindi Bench has barred the Regional Tax Office (RTO) Rawalpindi from... Published 07 Mar, 2024 04:59am
Business & Finance FBR issues instructions: Field formations asked to decide refund claims in 30 days ISLAMABAD: On the directions of Prime Minister Shehbaz Sharif, the Federal Board of Revenue (FBR) has issued... Published 07 Mar, 2024 04:59am
Pakistan Experts for harmonising cigarette taxes with WHO guidelines ISLAMABAD: Health experts and anti-tobacco activists urged the government to harmonise cigarette taxes with the ... Published 06 Mar, 2024 04:18am
Print There’s drastic cut in the number of income tax return filers Total number of persons covered under ATL 2023 totalled 3,350,000, compared to 5,730,000 in ATL 2022 Updated 06 Mar, 2024 02:05pm
Business & Finance Salt makers demand sales tax refund payment ISLAMABAD: Qasim Yaqoob Paracha, Chairman of the Salt Manufacturers Association Pakistan, stated that the salt ... Published 04 Mar, 2024 04:15am
Business & Finance ‘FBR forced to implement 94pc of FTO’s orders’ ISLAMABAD: Federal Tax Ombudsman (FTO) Asif Mahmood Jah has said that the Federal Board of Revenue (FBR) has been... Published 04 Mar, 2024 04:15am
Markets JS Bank records 853% jump in profit in 2023 JS Bank Limited (JSBL) posted massive earnings of Rs10.39 billion ($36.85 million) in 2023, up over 853% from the... Published 29 Feb, 2024 02:49pm
Print Swapping issue: Rs100bn FBR notice perplexes beleaguered SNGPL ISLAMABAD: Federal Board of Revenue (FBR) is said to have put Sui Northern Gas Pipeline Limited (SNGPL) under... Updated 29 Feb, 2024 08:50am
Print Cases falling under LHC jurisdiction: Section 7E of tax law will now be applicable ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday directed field formations of Punjab that the section 7E (tax... Updated 29 Feb, 2024 08:51am
Business & Finance Policy reforms on tobacco taxation urged ISLAMABAD: The absence of a clear policy reforms on tobacco taxation for multinational cigarette manufacturing... Published 29 Feb, 2024 04:41am
Business & Finance Need for combating illicit tobacco trade for economic boost stressed LAHORE: Emphasising the need for documenting and taxing illicit tobacco transactions, the experts have called for... Published 28 Feb, 2024 06:10am
Business & Finance Taxpayer claims audit proceedings conducted under repealed provisions LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out... Published 28 Feb, 2024 06:10am
Print Jewellery sector: ECC forms body to prepare viable plan The inter-ministerial committee will also prepare viable plan for enhancement of tax collection Updated 26 Feb, 2024 10:11am
Business & Finance Bicycle maker fails to claim input tax adjustment LAHORE: A bicycle manufacturer has failed to fulfill the conditions prescribed for claiming input tax adjustment... Published 25 Feb, 2024 04:51am
Opinion ‘Determining fair income tax base’ Business Recorder op-ed writers Huzaima Bukhari, Dr Ikramul Haq and Abdul Rauf Shakoori have highlighted an issue of... Published 24 Feb, 2024 06:42am
Business & Finance July to Jan 2024: E&T Sindh collects Rs.82bn taxes KARACHI: The Excise and Taxation Department of Sindh has collected over Rs. 82 billion in taxes from July 2023 to... Published 24 Feb, 2024 06:42am
Opinion Determining fair income tax base According to the latest data available on the website of Pakistan Telecommunication Authority (PTA), as on December... Published 23 Feb, 2024 06:36am
Pakistan Health activists for raising tobacco taxes to curb smoking ISLAMABAD: Health advocates stressed the critical need for raising tobacco taxes specifically targeting cigarettes ... Published 23 Feb, 2024 06:36am
Business & Finance EFS: another tax ‘fraud’ detected KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme... Published 23 Feb, 2024 06:36am
Business & Finance IT, ST-related budget proposals sought ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue field formations to submit income tax and... Published 23 Feb, 2024 06:36am
Business & Finance Attachment of bank accounts: Software co gets amount recovered by tax department reimbursed LAHORE: A software development company has succeeded in getting reimbursed the amount recovered by the tax ... Published 23 Feb, 2024 06:36am
Business & Finance Indus Motor posts 89% higher profit of Rs4.96bn in 1HFY24 Indus Motor Company (IMC) reported on Thursday a profit of Rs4.96 billion for the half-year ended December 31, 2023,... Published 22 Feb, 2024 11:30am
Print Next govt to implement FBR reforms, says chairman FBR will complete groundwork for reforms and submit it to the next government Updated 22 Feb, 2024 04:13pm
Print Tax on windfall income case: FBR decides to engage legal counsel KARACHI: In a significant development, the Federal Board of Revenue (FBR) has decided to engage legal counsel to... Updated 22 Feb, 2024 09:12am
Business & Finance Lotte Chemical’s profit plunges 50% in 2023 Lotte Chemical Pakistan Limited (LOTCHEM), a subsidiary of South Korean chemical giant Lotte Chemical Corporation... Updated 21 Feb, 2024 10:08pm
Print FBR collects Rs5.15trn from July to mid-Feb: MoF ISLAMABAD: The major contributors to income tax collection during July-January (2023-24) were banks, petroleum... Updated 21 Feb, 2024 09:30am
Pakistan KP govt launches GIS-based CUIPTMIS PESHAWAR: The Khyber Pakhtunkhwa government has successfully launched GIS-based Centralized Urban Immovable Property... Published 19 Feb, 2024 05:24am
Print SHC dismisses plea of tractor-maker against refund ISLAMABAD: Sindh High Court (SHC) has dismissed the petition, on the point of maintainability, of a leading tractor... Updated 19 Feb, 2024 09:31am
Pakistan Private medical, dental colleges: FTO asks FBR to file audited accounts ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure filing of audited... Published 17 Feb, 2024 05:51am
Business & Finance FrieslandCampina Engro Pakistan Ltd announces financial results for FY2023 KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year ended December... Published 17 Feb, 2024 05:51am