Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to... Updated 23 Sep, 2023 05:38pm
Print Customs’ values on import of lubricating oils increased ISLAMABAD: The Directorate General of Customs Valuation, Karachi has increased customs values on the import of 42... Updated 23 Sep, 2023 10:13am
Print ‘Diamond’ category in Sohni Dharti Remittance Programme launched KARACHI: The State Bank of Pakistan (SBP) has announced the launch of Diamond Category in the Sohni Dharti... Updated 23 Sep, 2023 08:56am
Print Minister hands over mutation deed of FBR land to CEO ISLAMABAD: The Federal Minister for Privatisation, Fawad Hassan Fawad, met Sohail Ilahi, CEO Kiran Builders &... Updated 23 Sep, 2023 09:46am
Business & Finance Declaration against foreign assets: ‘Taxpayers not filing CVT being held liable to default’ LAHORE: Tax authorities are holding taxpayers liable to default for not filing capital value tax (CVT) declaration... Published 23 Sep, 2023 05:58am
Business & Finance Real estate sector: FTO asks FBR to stay vigilant against market prices ISLAMABAD: The Federal Tax Ombudsman has strongly recommended to the Federal Board of Revenue (FBR) to remain... Published 22 Sep, 2023 03:33am
Print GST evaded through flying invoices estimated at Rs5-6trn Use of fake/flying invoices to commit sales tax fraud increases after facilitation, automation and easy ways to get sales tax registrations Updated 22 Sep, 2023 10:00am
Opinion Only and only elections… Here’s a scenario. The president doubles down on his deadline for the election, the supreme court agrees that it... Published 21 Sep, 2023 06:08am
Business & Finance Right to seek automated refunds: IHC issues notices to FBR chairman, others ISLAMABAD: Islamabad High Court (IHC) has issued notices to Chairman Federal Board of Revenue and Chief Commissioner... Updated 21 Sep, 2023 08:46am
Business & Finance Customs’ values on import of 23 types of stationery items enhanced ISLAMABAD: Directorate General of Customs Valuation Karachi has upward revised Customs values on the import of 23... Published 21 Sep, 2023 06:08am
Print FBR tells Senate body: Rs37bn ‘solar panel scam’ to be probed under AML ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Senate Standing Committee on Finance that over Rs37... Updated 21 Sep, 2023 09:05am
Editorials Privatisation as the way out of current impasse EDITORIAL: Caretaker Federal Minister for Privatisation Fawad Hassan Fawad has been tasked to expedite the... Published 21 Sep, 2023 06:08am
BR Research Banks’ entry into retail forex: need of the hour Earlier this week, banks presidents had a meeting with finance minister, governor SBP, and a senior officer of an... Updated 20 Sep, 2023 10:27am
Opinion Handling the energy crisis The relentless rise in electricity prices in Pakistan has taken a severe toll on domestic consumers, large-scale... Published 20 Sep, 2023 06:28am
Print Manual filers declared as active taxpayers by FBR ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has... Updated 20 Sep, 2023 09:42am
Editorials Financial account versus current account EDITORIAL: The expectation during negotiations between the International Monetary Fund (IMF) and the government of... Published 20 Sep, 2023 06:28am
Opinion Early warning signs The first quarter of 2023-24 is about to come to an end. It has been an eventful quarter. It started well with the... Updated 19 Sep, 2023 07:32am
Business & Finance The Women University Multan: FBR directed to provide tax relief to 20 low-paid women teachers ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to provide tax relief to... Published 19 Sep, 2023 06:31am
Business & Finance Payment of duties, taxes: All LTOs, MTOs and RTOs must stay open till 8pm on 30th: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has directed all Large Taxpayers Offices (LTOs), Medium Taxpayers... Published 19 Sep, 2023 06:31am
Opinion Private savings, govt dissaving: debt Savings by an individual/householder or a government have different objectives and constraints and while a healthy... Updated 18 Sep, 2023 07:33am
Opinion Administrative crackdown: will it work? The State’s crackdown against the smugglers and illegal currency traders has met with initial success. The fear... Updated 18 Sep, 2023 07:40am
Print System errors in filing income tax returns, wealth statements irk taxpayers ISLAMABAD: Taxpayers are facing different problems including technical issues/ errors in timely filing of income tax... Updated 18 Sep, 2023 10:26am
Print Financial account not positive enough to cancel out rise in CAD: economist ISLAMABAD: Pakistan’s financial account has not been positive enough to cancel out the increase in current account... Updated 18 Sep, 2023 09:24am
Print Law of precedent: Lower fora bound to follow decision of higher appellate, admits FBR ISLAMABAD: Member Legal (Inland Revenue) Federal Board of Revenue (FBR) admitted before Federal Tax Ombudsman (FTO)... Updated 18 Sep, 2023 08:56am
Business & Finance Govt urged to simplify taxation system PESHAWAR: Sarhad Chamber of Commerce and Industry acting president Ijaz Khan Afridi urged the government and Federal... Published 18 Sep, 2023 06:32am
Print Govt depts, hospitals, LG and defence institutions: Updated list of FTN recipients issued by FBR FBR to take policy decision on the issuance of the FTNs to the govt authorities including local govt departments and Tehsil municipal authorities seeking tax exemptions Updated 17 Sep, 2023 10:52pm
Editorials About time EDITORIAL: It’s no surprise that the “massive recovery drive against tax defaulters” has identified the usual... Published 17 Sep, 2023 06:05am
Pakistan Need for erecting more gates on Taftan border crossing discussed ISLAMABAD: Pakistan and Iran Friday agreed on installation of additional gates at Mir Javeh-Taftan crossing point to... Published 16 Sep, 2023 03:03am
Print Immovable properties: FBR issues guidelines for taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued detailed guidelines for taxpayers to pay tax on... Updated 16 Sep, 2023 03:59pm
Business & Finance FBR admits abolished ‘circle-based system’ much better than reformed‘functional-based system’ ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the abolished “Circle-based system” was much... Published 16 Sep, 2023 03:03am