Talks with IMF extended to today ISLAMABAD: Talks between the International Monetary Fund (IMF) and Pakistani authorities on the second review have... Updated 19 Mar, 2024 10:26am
Print Levying tax on annual rental value property: SC questions Sindh govt for not considering matter ISLAMABAD: The Supreme Court questioned why the Sindh government is not seriously taking up the matter of levying of... Updated 19 Mar, 2024 10:06am
Print Misinvoicing issue: Directorate of Valuation implements ‘LIVE’ System ISLAMABAD: In order to effectively address the issue of misinvoicing at the import stage, Directorate of Valuation,... Updated 19 Mar, 2024 09:21am
Print Power consumers: President confirms FTO’s decision ISLAMABAD: President of Pakistan has confirmed Federal Tax Ombudsman’s decision to alleviate miseries of power... Updated 19 Mar, 2024 09:21am
Editorials E-commerce underbelly EDITORIAL: Nearly six years after the introduction of the much-hyped Device Identification, Registration and ... Published 19 Mar, 2024 04:53am
Business & Finance Taxpayer gets reimbursed amount recovered from his bank account LAHORE: Due to the tax authorities’ failure to specify a reasonable payment timeframe, a corporate taxpayer... Published 19 Mar, 2024 04:53am
Business & Finance FBR enhances RD on import of mushrooms, truffles ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced regulatory duty (RD) on the import of some items ... Published 19 Mar, 2024 04:53am
Print Manually or electronically: President says taxpayers to get equal treatment ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy... Updated 18 Mar, 2024 09:54am
Print FBR restructuring plan: Major impediment to implementation seems to be bureaucracy itself ISLAMABAD: The interaction of new Finance Minister with Federal Board of Revenue’s team clearly reflects FM’s... Updated 18 Mar, 2024 09:51am
Editorials Body to help curtail govt expenditure EDITORIAL: Prime Minister Shehbaz Sharif has formed a seven-member committee tasked to curtail government expenses... Published 18 Mar, 2024 04:56am
Pakistan Compliant taxpayers, exporters: PM to give away awards on 21st ISLAMABAD: Prime Minister Shehbaz Sharif has decided to give awards/certificates to compliant taxpayers and ... Published 17 Mar, 2024 02:49am
Business & Finance Business community leader advocates cut in interest rates KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 17 Mar, 2024 02:49am
Markets Listed securities: PSX for bringing CGT rates in line with CGT rates on sale of immovable property KARACHI: Pakistan Stock Exchange (PSX) has proposed that Capital Gain Tax (CGT) rates on listed securities be ... Published 16 Mar, 2024 06:26am
Business & Finance Sales Tax Rules 2006: KCCI urges FBR to revisit recent amendments KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to ... Published 16 Mar, 2024 06:26am
Print PM directs Ministry to explore possibility of Panda Bonds Directions issued to shore up depleting foreign exchange reserves Updated 16 Mar, 2024 10:14pm
Print FBR’s applications rejected: IHC asserts its jurisdiction ISLAMABAD: The Islamabad High Court (IHC) rejecting the applications of the Federal Board of Revenue (FBR) ruled... Updated 16 Mar, 2024 03:06pm
Business & Finance Digitalization of tax system: FBR cuts deal with Karandaaz ISLAMABAD: The Federal Board of Revenue (FBR) has entered into an agreement with Karandaaz Pakistan for the... Published 16 Mar, 2024 06:26am
Business & Finance FBR notice issued within 6 years: ‘Taxpayer bound to maintain tax record till...’ ISLAMABAD: Federal Tax Ombudsman (FTO) Friday declared that once Federal Board of Revenue’s (FBR) notice is issued... Published 16 Mar, 2024 06:26am
Business & Finance Digitalisation of tax system: PSMA for QR Code printed polypropylene bags ISLAMABAD: The new government needs to replace printed paper stamps for the sugar industry under the Track and Trace... Published 16 Mar, 2024 06:26am
Business & Finance Despite existence of ADTT, LTO orders deduction of tax against offshore co LAHORE: The Large Tax Office (LTO) has gotten egg on face by deducting tax against an offshore company in presence ... Published 16 Mar, 2024 06:26am
Business & Finance FBR, Karandaaz sign pact to work on digitisation of tax system The Federal Board of Revenue (FBR) signed an agreement with Karandaaz Pakistan for digitisation of the tax system, a... Published 15 Mar, 2024 09:23pm
Editorials Combating illicit cigarette trade EDITORIAL: The illicit sale of cigarettes in the country continues to be a pervasive issue, having a detrimental... Published 15 Mar, 2024 04:14am
Print Construction sector: IMF asks FBR to abolish special tax regime Recommends subjecting sector to standard income tax regime Updated 15 Mar, 2024 04:03pm
Business & Finance Recoveries from developers, builders: CA firms having ICAP-QCR rating of ‘satisfactory’ notified ISLAMABAD: The Federal Board of Revenue (FBR) Thursday notified Chartered Accountant firms having an ICAP-QCR rating... Published 15 Mar, 2024 04:14am
Business & Finance e-commerce platforms facilitating trade of smuggled smartphones? KARACHI: Some of the leading e-commerce platforms have said to be the biggest source for trading non-PTA-approved... Updated 15 Mar, 2024 08:28am
Pakistan Pakistan ranks 7th among tobacco-consuming countries globally ISLAMABAD: Pakistan is one of the top tobacco consuming countries standing at the 7th position globally and first in... Published 14 Mar, 2024 03:00am
Editorials Aurangzeb sounds enthusiastic, eager EDITORIAL: Finance Minister Muhammad Aurangzeb has clearly hit the ground running as evidenced from his first... Published 14 Mar, 2024 03:00am
Business & Finance Modification of Sales Tax Rules of 2006 thru SRO: LCCI files appeal with FBR LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has formally appealed to the Federal Board of Revenue... Published 14 Mar, 2024 03:00am
Print Digitization of tax system top priority: finance minister ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Wednesday conveyed to the Federal Board of... Updated 14 Mar, 2024 08:47am
Pakistan Govt considering incorporating agriculture, real estate into tax framework: Aurangzeb Remarks come during finance minister's first visit to FBR, statement says govt looking at wholesale/retail, real estate, and agriculture sectors to broaden its tax base Updated 13 Mar, 2024 09:43pm