Steel industry: PM orders FBR to resolve issues on priority basis ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed concerned authorities and the Federal Board of... Updated 16 Feb, 2024 09:20am
Business & Finance Customs detects Rs27.5bn tax ‘evasion’ KARACHI: An alarming tax evasion scam has been detected by Directorate Post-Clearance Audit (PCA) South, revealing... Published 16 Feb, 2024 06:02am
Business & Finance Most FBR representations against FTO rejected ISLAMABAD: President Arif Alvi has rejected most of the representations filed by the Federal Board of Revenue (FBR)... Published 16 Feb, 2024 06:02am
Business & Finance AJK, FATA/PATA: KCCI seeks withdrawal of tax exemption to protect importers of black tea KARACHI: Senior Vice President of the Karachi Chamber of Commerce & Industry (KCCI) Altaf A Ghaffar has urged ... Published 16 Feb, 2024 06:02am
Pakistan Immoveable property: PHC strikes down Sec 7E of Income Tax Ordinance ISLAMABAD: The Peshawar High Court (PHC) has declared that Section 7E of the Income Tax Ordinance, 2001, which... Updated 15 Feb, 2024 06:04am
Business & Finance Gang behind bogus GST invoices busted ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue), Islamabad has busted an organised... Published 15 Feb, 2024 05:39am
Business & Finance FTO asks FBR to address leading pharma company’s grievance ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately process ... Published 13 Feb, 2024 05:59am
Business & Finance I&I Directorate has failed to recover taxes on technical ground LAHORE: The Directorate of Intelligence and Investigation (I&I) failed to recover duty/taxes on technical ground... Published 13 Feb, 2024 05:59am
Editorials PBC makes some fair points EDITORIAL: It’s unfortunate that Pakistan Business Council’s (PBC’s) recommendations about generating fairer... Published 12 Feb, 2024 06:25am
Business & Finance Fiscal trajectory: Expert underscores role of taxation PESHAWAR: Muhammad Umair Zeb, a leading tax expert has underscored the pivotal role of taxation in shaping the... Published 12 Feb, 2024 06:25am
Business & Finance KPRA asked to meet revenue target PESHAWAR: Khyber Pakhtunkhwa’s caretaker Minister for Finance, Revenue and Excise Ahmed Rasul Bangash directed... Published 12 Feb, 2024 06:25am
Print PRR project: World Bank accepts govt request ISLAMABAD: The World Bank has accepted the government’s request for the extension of the closing date and... Updated 11 Feb, 2024 09:30am
Print eFBR portal to be used: FMCG supply chain required to register systems ISLAMABAD: The supply chain of the Fast Moving Consumer Goods (FMCG) sector would be required to register their... Updated 11 Feb, 2024 02:08pm
Opinion Beyond authoritarian rule: navigating the technological kaleidoscope The Constitution of Pakistan, in Article 7, provides a definition for “the State,” encompassing the federal... Published 08 Feb, 2024 05:02am
Print Computer monitor panels: Customs’ values on import of old, used LCD/LED fixed ISLAMABAD: Directorate General of Customs Valuation Karachi for the first-time fixed customs values on the import of... Updated 08 Feb, 2024 10:07am
Print Key issues behind low revenue identified: Cabinet concerned at ‘integrity’ of FBR board members? ISLAMABAD: The caretaker Federal Cabinet has reportedly expressed its concerns over the integrity of private members... Updated 08 Feb, 2024 10:11am
Print FBR restructuring: IHC suspends I&ADC notification ISLAMABAD: The Islamabad High Court (IHC) on Wednesday suspended the notification for the constitution of a... Updated 08 Feb, 2024 10:09am
Business & Finance Investors, startups: PTBA urges SECP to update guidelines, remove procedural snags KARACHI: The Pakistan Tax Bar Association (PTBA) has requested the Securities and Exchange Commission of Pakistan... Published 08 Feb, 2024 05:02am
World Palestinian Authority to pay reduced salaries as Israel blocks funds RAMALLAH: The Palestinian Authority said on Tuesday it will pay public sector workers 60% of their December salaries... Published 07 Feb, 2024 05:30am
Business & Finance Input tax adjustment time: ST Act doesn’t stipulate any condition or time limit LAHORE: The Sales Tax Act does not stipulate any condition or restriction of time for adjustment of the input tax... Published 06 Feb, 2024 05:00am
Print World Bank -funded ‘PRR’ project: one-year extension sought ISLAMABAD: The government has sought one-year extension in “Pakistan Raises Revenue (PRR)” project worth $400... Updated 06 Feb, 2024 09:06am
Business & Finance Provinces: H1FY24 sales tax collection on services increases by 23.44pc YoY ISLAMABAD: The sales tax on services collection by the provinces has increased by 23.44 percent during the first six... Updated 06 Feb, 2024 09:05am
Print Restructuring plan of FBR: Taxpayers should be inducted into Policy Board: PBC ISLAMABAD: Pakistan Business Council (PBC) has strongly recommended that the taxpayers (stakeholders) should be... Updated 05 Feb, 2024 09:34am
Print Industrial tariff revision: Parleys with IMF in a day or two ISLAMABAD: The government team is all set to hold a session with International Monetary Fund (IMF) in a day or two... Updated 02 Feb, 2024 09:20am
Print Telecom sector: FBR launches single sales tax return ISLAMABAD: The Federal Board of Revenue (FBR) has launched single sales tax return (tax period of January 2024) for... Updated 02 Feb, 2024 09:21am
Business & Finance Sugar mills evading tax to face crackdown ISLAMABAD: The caretaker government has decided to start crackdown on sugar mills involved in tax evasion, well... Published 01 Feb, 2024 04:52am
Business & Finance FBR suffers Rs9bn shortfall in January ISLAMABAD: The Federal Board of Revenue (FBR) has suffered a shortfall of Rs9 billion during January 2024, as the... Published 01 Feb, 2024 04:52am
Business & Finance Dept fails to recover sales tax against obsolete stock LAHORE: The sales tax department failed to recover the sales tax amount from a taxpayer against obsolete stock that... Published 01 Feb, 2024 04:52am
Print ‘Innovative’ plan set to reduce circular debt ISLAMABAD: Caretaker Minister for Power and Petroleum, Muhammad Ali, has set an extremely ambitious circular debt... Updated 31 Jan, 2024 09:32am
Print FBR revamp plan approved by caretakers Federal Tax Policy Board will be formed in the Revenue Division which will be responsible for the formulation of tax policy Updated 31 Jan, 2024 09:57am