Customs ordered to clear 8,522 auctionable lots within two months ISLAMABAD: In a landmark finding, the Federal Tax Ombudsman (FTO) in pursuance of an own motion investigation has... Published 08 Jan, 2022 03:59am
Print National ST Return launched: Tarin issues warning: taxes must be paid to avoid legal action ISLAMABAD: Finance Minister Shaukat Tarin Friday requested the entire nation that the non-filers and those liable to... Updated 08 Jan, 2022 09:42am
Print Rs343bn levy ‘negotiated’: FPCCI questions IMF’s conditionality ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Friday said that there exists... Updated 08 Jan, 2022 09:39am
Business & Finance PM Imran terms PTI govt tenure 'an economic success story' Says Pakistan's GDP is set to grow at over 4%, which is a huge achievement given the state economy was in during 2018 Updated 07 Jan, 2022 04:38pm
Business & Finance Tax ‘fraud’: FBR unearths ‘invoice skipping’ scam ISLAMABAD: The Federal Board of Revenue (FBR) has unearthed a new kind of tax fraud, i.e., “invoice skipping” by... Published 07 Jan, 2022 06:22am
Print FBR chief speaks about IMF’s tax outlook, priorities FBR Chairman Dr Muhammad Ashfaq Thursday says all-out efforts are being made to fix distortion in the tax system Updated 07 Jan, 2022 09:43am
Print Steel bars: PALSP spells out reasons behind increase in prices ISLAMABAD: The Federal Board of Revenue (FBR) will have major chunk of revenue on steel bars, following surge in its... Updated 07 Jan, 2022 09:42am
Print Goods imported by diplomats, missions: Senate panel supports imposition of 17pc GST ISLAMABAD: Senate Standing Committee on Finance Thursday supported imposition of 17 percent sales tax on goods... Updated 07 Jan, 2022 09:39am
Print Freight of domestic shipping lines: Tarin says will ensure ST fully refundable, adjustable ISLAMABAD: Finance Minister, Senator Shaukat Tarin has pledged to make sales tax refundable/ adjustable on freight ... Updated 06 Jan, 2022 09:42am
Print Passage of money bill: Senate panel concerned at ‘after-effects’ ISLAMABAD: The Senate Standing Committee on Finance Wednesday expressed serious concerns over reports that the... Updated 06 Jan, 2022 09:32am
Editorials Confusion on IMF prior conditions EDITORIAL: Finance Minister Shaukat Tarin laid the money bill in the Senate on Tuesday amidst loud Opposition... Updated 06 Jan, 2022 09:54am
Print FY23 budget: Remaining GST exemptions to be withdrawn: FBR chief ISLAMABAD: Chairman FBR/Secretary Revenue Division, Dr Muhammad Ashfaq Ahmed said Wednesday that the government will... Updated 06 Jan, 2022 09:32am
Print SBP amendment bill: Some cabinet members too show unease Cabinet members raise their concerns on the SBP (Amendment) Bill in presence of Prime Minister Imran Khan Updated 05 Jan, 2022 09:55am
Print Digital mode of payment: Deadline extended to Jan 31st ISLAMABAD: To avoid penalty on the corporate sector, the Federal Board of Revenue (FBR) has granted another ... Updated 05 Jan, 2022 10:43am
Print Effective Jan 1: GST on POL products increased ISLAMABAD: The Federal Board of Revenue (FBR) has increased the sales tax on petrol from 1.63 percent to 4.77 ... Updated 05 Jan, 2022 10:40am
Business & Finance PRA taxpayers’ number crosses 100,000 mark within 9 years LAHORE: The Punjab Revenue Authority (PRA) taxpayers’ number has crossed 100,000 within nine years of its transfer... Published 05 Jan, 2022 05:36am
Pakistan Withdrawal of ST exemption on agri implements: PKI says proposed move to raise cost of cultivation by 10pc LAHORE: The Pakistan Kissan Ittehad (PKI) has claimed that proposal to withdraw sales tax exemption on agricultural... Published 04 Jan, 2022 06:54am
Pakistan FBR reveals agri income of MPs: Rind tops the list; Zardari runner-up ISLAMABAD: The Federal Board of Revenue (FBR), on Monday, released for the first time the agriculture income of... Published 04 Jan, 2022 06:54am
Opinion Outlook for 2022 The year, 2021, has just come to an end. The first part of the year saw a process of recovery from the downturn... Published 04 Jan, 2022 06:54am
Print ‘Mini-budget’: Delay of a few days doesn’t really matter: Tarin Says a date of January 12 has been fixed with the IMF and it should not be any problem for the Fund to extend it for two or four days Updated 04 Jan, 2022 09:28am
Print Rs343bn exemptions withdrawn: Rs251bn will be refunded/adjusted to pharma, other sectors ISLAMABAD: Rs251 billion out of total Rs343 billion tax exemptions withdrawn in the Finance Supplementary Bill, ... Updated 04 Jan, 2022 10:10am
Print 39 MPs didn’t pay income tax ISLAMABAD: At least 39 lawmakers, including 10 members of the National Assembly and eight Senators did not pay ... Updated 04 Jan, 2022 12:43pm
Print 93 MPs among non-filers ISLAMABAD: As many as 93 parliamentarians have not filed their income tax returns for the Tax Year 2019. According ... Updated 04 Jan, 2022 10:04am
Print FBR’s Board-in-Council decides to establish Toshakhana ISLAMABAD: The Board-in-Council of the Federal Board of Revenue (FBR) has decided to establish Toshakhana and... Updated 03 Jan, 2022 09:51am
Editorials Money Bill and amendment in SBP act EDITORIAL: Everything went according to the script: the cabinet approved the money bill with the coalition partners... Updated 03 Jan, 2022 09:07am
Pakistan Redressal of problems: FBR chief advises taxpayers to visit RTO, collectorate of customs ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed has advised the taxpayers to visit their... Published 02 Jan, 2022 05:05am
Opinion ‘Mini-budget’ Consistently inconsistent The cat is finally out of the bag. The money bill (infamous mini-budget) and SBP (State Bank of Pakistan) amendment... Updated 02 Jan, 2022 05:35am
Print Hascol and its senior management: FBR decides to initiate audit ISLAMABAD: The Federal Board of Revenue (FBR) has decided to start an audit of the income tax and sales tax affairs... Updated 02 Jan, 2022 10:40am
Print Corporate sector: FBR defers implementation of digital mode of payment ISLAMABAD: The Federal Board of Revenue (FBR) has deferred implementation of the digital mode of payment by the... Updated 02 Jan, 2022 10:41am
Print Finance (Supplementary) Bill, 2021: Politically exposed persons: FBR can disclose info Govt has decided to remove restrictions on the FBR from not disclosing information of politically-exposed persons including high-level public officials Updated 02 Jan, 2022 10:40am