Trade with Iran, Afghanistan in local currencies: SBP, FBR directed to make arrangements ISLAMABAD: President Dr Arif Alvi has directed State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) to... Updated 12 Feb, 2022 09:37am
BR Research IPP WHT revision: good move, poor optics? In a summary moved to ECC, the government has sought approval to reduce the WHT on IPPs under 2015 policy for ... Published 11 Feb, 2022 08:17am
Pakistan Disposal of ADRC cases: FTO asks FBR to set ‘specific’ time limit ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to fix specific time ... Published 11 Feb, 2022 04:31am
Print Purported favour to 6 big firms: FBR gives its ex-chairman Zaidi a clean chit ISLAMABAD: The Federal Board of Revenue (FBR),Thursday, gave a clean chit to the former chairman FBR and top... Updated 11 Feb, 2022 09:47am
Print Sales tax on light diesel abolished ISLAMABAD: The Federal Board of Revenue (FBR) has abolished sales tax on light diesel oil from January 16, 2022.... Updated 11 Feb, 2022 09:28am
Print 1.2m new jobs expected: Over 70,000 housing projects worth Rs1.4trn approved: PM ISLAMABAD: Prime Minister Imran Khan said that over 70,000 housing projects worth Rs1.4 trillion have been approved,... Updated 11 Feb, 2022 09:27am
Business & Finance Quick disposal of refund cases: FBR issues instructions to field offices on FTO’s intervention ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has issued... Published 11 Feb, 2022 04:31am
Editorials IMF review: unusual tone and tenor EDITORIAL: Most of those who have read the entire International Monetary Fund (IMF) sixth staff review report... Published 11 Feb, 2022 04:31am
Opinion Govt’s only option despite Fund squeeze: Expansionary budget When it rains, it pours. Financial as well as political pressures are clearly combining to leave the government with... Published 10 Feb, 2022 04:40am
Print Move to document non-filers: FBR to launch ‘Tax Asaan Portal’ next week Data available both with FBR as well as Nadra would be made part of the profiling of the non-filers and estimated tax liability Updated 10 Feb, 2022 11:27am
Business & Finance FBR: Dec-Jan revenue shortfall triggers panic LAHORE: A revenue shortfall during the months of December and January has panicked the Federal Board of Revenue... Published 10 Feb, 2022 04:40am
Print Matters relating to sales tax, income tax, FED: FY23 budget to envisage ‘one’ document for business community, general public ISLAMABAD: Business community and general public would be able to have ‘’one’’ tax document in budget... Updated 09 Feb, 2022 09:45am
Business & Finance Filing of tax returns: FBR facilitates new taxpayers ISLAMABAD: In a historic development, the Federal Board of Revenue (FBR) has taken a watershed initiative to ensure... Published 09 Feb, 2022 05:46am
Business & Finance FBR rejects news item ISLAMABAD: The Federal Board of Revenue (FBR) has categorically denied the insinuation made in the story published ... Published 09 Feb, 2022 05:46am
Print Govt seeks a way to reduce WHT for Chinese IPPs ISLAMABAD: The Government is reportedly finding an innovative mode to reduce Withholding Tax (WHT) for Chinese IPPs... Updated 08 Feb, 2022 09:58am
Pakistan Probe body says 19 deaths caused by liquor consumption HYDERABAD: An inquiry committee tasked to investigate deaths caused by moonshine liquor consumption last month in... Published 07 Feb, 2022 05:22am
Print Sales tax returns: FBR disallows ‘wrong’ input tax adjustments ISLAMABAD: The Federal Board of Revenue (FBR) has directed its field formations to disallow input tax adjustment in... Updated 07 Feb, 2022 09:11am
Business & Finance FTO directs FBR to avoid frivolous litigation ISLAMABAD: Federal Tax Ombudsman Dr Asif Mahmood Jah (FTO) has directed the Federal Board of Revenue (FBR) to issue... Published 07 Feb, 2022 05:22am
Print Critical next steps for ongoing reforms: IMF rearranges structural benchmarks ISLAMABAD: The International Monetary Fund (IMF) has reset three delayed structural benchmarks (SBs), dropped two,... Updated 06 Feb, 2022 03:20pm
Pakistan Low allowances, salaries ‘Overworked mid-career FBR officers prefer to opt for foreign missions jobs’ LAHORE: The overworked mid-career officers in the field formations Inland of the Federal Board of Revenue (FBR) have... Published 05 Feb, 2022 05:47am
Opinion FBR — making tax digital and beyond (II) The top global trend at the moment is continuous transaction control-CTC aiming to close VAT gaps, increase revenue... Updated 05 Feb, 2022 06:12am
Print Amnesty scheme declarants: FBR board to take up provision of info to NAB issue on 8th ISLAMABAD: The Board-in-Council of the Federal Board of Revenue (FBR) will take up the issue of provision of... Updated 05 Feb, 2022 10:01am
Business & Finance Over 1,358 big retailers still out of POS system ISLAMABAD: There are over 1,358 big retailers (Tier-1), which are required to be integrated with the Federal Board ... Published 05 Feb, 2022 05:46am
Print Budget preparations: Proposals aimed at seeking ST, FED exemptions, concessions may not be entertained by FBR ISLAMABAD: The Federal Board of Revenue budget preparation exercise for sales tax and federal excise duty for ... Updated 05 Feb, 2022 09:37am
Business & Finance Malfeasance of taxmen in refund process: Alvi directs FBR to implement FTO’s recommendations ISLAMABAD: President Arif Alvi, while upholding the decisions of the Federal Tax Ombudsman (FTO) regarding... Published 05 Feb, 2022 05:46am
Opinion Data privacy & protection: challenges ‘….the tax officials on the unlawful directions issued by Chairman of ARU, Barrister Shahzad Akbar with the... Published 04 Feb, 2022 04:43am
Print Exchange companies, dealers must integrate with online system: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies... Updated 04 Feb, 2022 11:08am
Business & Finance Importers: corporate guarantee facility withdrawn ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn the facility of importers for submitting the corporate... Updated 03 Feb, 2022 10:28am
Print Immovable properties: New valuation rates notified thru SROs further suspended ISLAMABAD: The Federal Board of Revenue (FBR) has issued a notification on Wednesday to further suspend the new... Updated 03 Feb, 2022 10:23am
Print IT minister opposes ban on crypto-currency ISLAMABAD: Federal Minister for Information Technology and Telecommunication Aminul Haque on Wednesday opposed the... Updated 03 Feb, 2022 09:24am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?