Planning a non-austerity, pro-growth IMF programme In its April 2023 flagship World Economic Outlook (WEO) report, the International Monetary Fund (IMF) pointed out... Published 05 Jan, 2024 03:12am
Editorials Broadening tax net: will FBR win big? EDITORIAL: For years, FBR (Federal Board of Revenue) has tried and failed to expand the tax base, leading to an... Updated 05 Jan, 2024 12:02pm
Print Smuggling, non-duty paid vehicles: LEAs, Intelligence personnel entitled to FBR cash rewards ISLAMABAD: The officers of the law enforcement agencies and intelligence agencies would now be entitled to cash... Updated 04 Jan, 2024 08:55am
Print Input tax adjustment: FBR extends date for proposals on ‘HS codes’ new list ISLAMABAD: The Federal Board of Revenue (FBR) has extended date upto January 10, 2024 for leading sectors to submit... Updated 04 Jan, 2024 08:30am
Business & Finance FTO monitoring LTO for timely completion of ongoing audit of MTL ISLAMABAD: The Federal Tax Ombudsman (FTO) is monitoring the Large Tax Office (LTO), Lahore to ensure the timely... Published 03 Jan, 2024 05:32am
Business & Finance FBR says has implemented 94.07pc FTO recommendations in 2023 ISLAMABAD: The Federal Board of Revenue (FBR) has implemented 94.07 percent recommendations of the Federal Tax... Published 03 Jan, 2024 05:32am
Business & Finance Sri Lanka raises taxes ahead of foreign debt deal COLOMBO: Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday ... Published 02 Jan, 2024 05:21am
Business & Finance Jul-Dec tax collection: FBR surpasses target The Federal Board of Revenue creates history by collecting Rs1,021 billion in December Updated 01 Jan, 2024 09:39am
Print ‘Simultaneous’ probe of same taxpayer: IHC seeks explanation from FBR ISLAMABAD: Islamabad High Court (IHC) has directed the Federal Board of Revenue (FBR) to explain that how different... Updated 28 Dec, 2023 08:53am
Business & Finance Afghan importer recovers entire sale proceeds LAHORE: An Afghan importer has got the entire sale proceeds recovered against the goods neither liable to... Published 26 Dec, 2023 04:30am
Print $400m ‘Pakistan Raises Revenue’ project: World Bank rates implementation progress moderately satisfactory ISLAMABAD: The World Bank has rated the overall implementation progress of Pakistan Raises Revenue project of worth... Updated 26 Dec, 2023 09:11am
Print Income tax returns: FBR warns non-filers of account freeze Starts a countrywide survey of business and commercial units for registration of non-filers Updated 25 Dec, 2023 05:56pm
Print Field formations: FBR announces extended workhours ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the field formations (customs department) will... Updated 25 Dec, 2023 08:43am
Opinion Non-disclosures & underperformance Ever year Federal Board of Revenue (FBR) as Revenue Division of Ministry of Finance (MoF), issues data relating to... Published 22 Dec, 2023 05:22am
Print Regionally competitive level sought: APTMA demands power tariff at 9-10 cents per kWh ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has expressed deep concern over the absolutely dismal... Updated 22 Dec, 2023 09:19am
Print ATIR’s orders: FTO explains what actually constitutes maladministration ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the delay in giving appeal effect to the order which is in... Updated 22 Dec, 2023 09:03am
Print Vying for public office: PTBA urges ECP to forestall tax non-compliant aspirants KARACHI: Pakistan Income Tax Bar Association (PTBA) has demanded the Election Commission of Pakistan (ECP) to... Updated 19 Dec, 2023 09:34am
Print Case of getting inadmissible tax refunds: ATIR turns down rectification plea filed by Chinese firm ISLAMABAD: The Full Bench of the Appellate Tribunal Inland Revenue (ATIR) has imposed costs and dismissed... Updated 18 Dec, 2023 09:14am
Print Property registration in Punjab: Mega WHT evasion scam unearthed Tax office of Federal Board of Revenue conducts an electronic audit of property registrars in Punjab Updated 18 Dec, 2023 11:51am
Business & Finance IMF denies it plans to ask Pakistan to raise taxes on salaries KARACHI: The International Monetary Fund (IMF) resident representative in Pakistan on Friday denied media reports... Published 16 Dec, 2023 05:49am
Business & Finance Facilitation at business place: FTO directs FBR not to change jurisdiction of taxpayers ISLAMABAD: The Federal Tax Ombudsman (FTO) Wednesday issued a landmark order on jurisdiction of taxpayers and... Published 14 Dec, 2023 05:24am
Print FBR sets up body to resolve issue of pending refunds ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee for the resolution of pending income tax... Updated 14 Dec, 2023 09:55am
Business & Finance Key policy rate kept unchanged at 22pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Tuesday kept the policy rate... Published 13 Dec, 2023 05:33am
Print PM terms energy sector a ‘nightmare’ ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq has described the energy sector as a nightmare for the country... Updated 13 Dec, 2023 09:24am
Print Rs940bn target for Dec: FBR chief starts meetings to review progress KARACHI: The Federal Board of Revenue (FBR) is likely to struggle hitting its revenue target of Rs. 940 billion for... Updated 13 Dec, 2023 08:50am
Business & Finance Fast-moving consumer goods: FBR issues SRO ISLAMABAD: The Federal Board of Revenue (FBR) has directed all importers, manufacturers, wholesalers/ dealers/... Published 13 Dec, 2023 05:33am
Print Non-filers of tax returns: FBR to identify bureaucrats, bankers, others FBR apprehends that many senior government officials in different ministries and departments including police etc are non-filers of income tax returns Updated 12 Dec, 2023 10:13am
Print Importer booked for evasion of Rs30m duty ISLAMABAD: Collectorate of Customs Appraisement- South Asia Pakistan Terminal (SAPT), Karachi has booked an importer... Updated 11 Dec, 2023 09:50am
Print Q1: Provinces’ budget surplus dips 76pc YoY ISLAMABAD: The provinces have generated a budget surplus of Rs51.403 billion in the first quarter of the ongoing... Updated 09 Dec, 2023 04:34pm
Business & Finance Multinational companies: FBR decides to implement e-ST integration system ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement an electronic sales tax (e-ST) integration... Published 09 Dec, 2023 05:46am