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
Print 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