Documentation of domestic sales of the exporting goods has become a hard nut to crack for the Federal Board of Revenue (FBR) as it invites the exporters' wrath on the one hand and gives birth to the false claimants of sales tax refunds on the other, said

The Regional Tax Office (RTO) has witnessed a drop in revenue generation from imports by 25 percent due to the spread of coronavirus worldwide, said sources.

The ministry of power division should restrict itself to the policy implementation and empower the Pakistan Electric Power Company (PEPCO) to solve the power sector issues, said the power sector experts. The government should also make permanent appointme

Registration of tier-1 retailers under the Point of Sale (POS) Integration System of the Federal Board of Revenue (FBR) is not up to the mark due to the technical flaws, said sources.

Share of coal in power mix has reached 32 percent, as the coal based power generation went up by 72 percent YoY during January 2020 and the coal based generation was witnessed at 2,501 GWh during Jan '20, said sources.

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari said on Monday that the tax system in the country is full of corruption and flaws. The Pakistan Tehreek-e-Insaf (PTI) government has burdened a common man instead of taking corrective measures

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto has urged the government to scrap its anti-people deal with the International Monetary Fund (IMF) and renegotiate a pro-Pakistan deal.

Former Foreign Secretary Shamshad Ahmed Khan has proposed to approach the UN Secretary General for appointment of an eminent person of international standing like Bishop Desmond Tutu or President Jimmy Carter or President Mary Robinson as his special envo

Chairman of Senate Standing Committee on Foreign Affairs Senator Mushahid Hussain has proposed the inclusion of Palestine issue to the OIC conference on Kashmir in April in Islamabad. Also, he said Prime Minister of Pakistan, Prime Minister of Malaysia an

High cost of electricity has almost reduced the electricity consumption by the cottage industry by half in last five years, as the usage of B1 connections (meant for cottage industry) has come down to 278 million units in 2018-19 against 578 million units

Pakistan People's Party Chairman Bilawal Bhutto said on Wednesday that historic decisions were being announced by courts in Pakistan and his political party was in full agreement with the process and the verdicts being issued by the judiciary for dissemin

The Federal Board of Revenue (FBR) has decided to refer all deferred amounts of refund claims to respective Regional Tax Offices (RTOs) for clearing after due diligence, said sources.

The three-day AdAsia Lahore 2019 concluded here on Thursday, featuring some extraordinary international advertising industry figures including Randi Zuckerberg from Zuckerberg Media, Tom Goodwin from Zenith Media, Julian Boulding from thenetworkone, Edwar

Participants of AdAsia 2019 extended a standing ovation to Pakistani mountaineer Samina Khayal Baig on the second day of the gathering at Alhamra Art Council on Wednesday.

The three-day 31st AdAsia 2019 opened at Alhamra Arts Council on Tuesday. The speakers of the inaugural session deliberated upon the opportunities and challenges of technology and communication in the new world. They said the AdAsia 2019 has turned into a

Pakistan Electric Power Company (PEPCO) has defeated the export-led growth strategy of Prime Minister Imran Khan by denying the relief in tariff announced by the federal government for the months of Nov 2019 to Feb 2020, said sources.

The Neelum Jhelum Hydropower Company (NJHPP) is likely to go into default after December because of the dilly-dallying attitude of Central Power Purchasing Agency Guarantee (CPPA-G) in signing power purchase agreement with NJHPP, said sources.

Sales Tax is not payable on the subsidy received by the power distribution companies (DISCOs) from the government, said leading tax expert Hussain Ahmad Sherazi.

The tax experts have urged Chairman Federal Board of Revenue (FBR) Shabbar Zaidi to take notice of the practice of selecting cases for income tax audit in derogation of the exemption allowed in the law, terming it not only arbitrary and against the law, b

Prime Minister Imran Khan said Saturday that poverty in the sub-continent could be eradicated through opening up the border for trade, besides resolving the issue of Kashmir through talks.