Caretakers’ flawed approach to power bills EDITORIAL: Spontaneous resistance to the July electricity bills, as opposed to a politically engineered resistance ... Updated 29 Aug, 2023 06:40am
Print Final decision expected today: PM holds consultations on electricity bills ISLAMABAD: The caretaker federal cabinet is expected to take the final decision today on the proposals of the... Updated 29 Aug, 2023 09:11am
Print 2022-23: Rs160bn ST collected from power sector ISLAMABAD: Total sales tax collection (domestic) from the power sector including electricity bills stood over Rs160... Updated 29 Aug, 2023 09:12am
Business & Finance Former BoI chief gives ‘road map’ to arrest economic slide KARACHI: Former Chairman of Board of Investment (BoI) Muhammad Azfar Ahsan has given a roadmap to overcome the... Published 29 Aug, 2023 06:01am
Print FTO probe results in Rs2bn demand against NHA ISLAMABAD: The investigation completed by Dr Asif Mahmood Jah Federal Tax Ombudsman (FTO) has resulted in huge tax... Updated 28 Aug, 2023 09:48am
Business & Finance Power bills: Miftah says IMF not likely to give any relief ISLAMABAD: Former finance minister Miftah Ismail has claimed that without seeking permission from the International... Published 28 Aug, 2023 06:27am
Print Units involved in tax fraud: FBR suggests new sections in ST Act for penal action ISLAMABAD: The Federal Board of Revenue (FBR) has proposed separate sections in the Sales Tax Act for suspension of... Updated 27 Aug, 2023 09:36am
Print Shamshad holds virtual meeting with IMF staff team ISLAMABAD: Over a week after assuming charge of caretaker Finance Minister, Dr Shamshad Akhtar, has reportedly held... Updated 26 Aug, 2023 06:27pm
Print Mega scam: 3 Customs inspectors dismissed from service ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a major penalty of dismissal from services on three... Updated 26 Aug, 2023 09:30am
Print UoSC payment to NTDC: Tax dept issuing notices to Discos for not deducting WHT LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting... Updated 25 Aug, 2023 09:43am
Print President endorses FTO’s order against FBR ISLAMABAD: President Arif Alvi has endorsed the order of the Federal Tax Ombudsman (FTO) against the Federal Board ... Updated 25 Aug, 2023 09:13am
Opinion Need for greater discretionary economic policy The International Monetary Fund (IMF) has pushed for pro-cyclical, austerity-based policies in its Stand-By... Updated 25 Aug, 2023 07:08am
Print Ginning factories: Govt decides to implement ‘track and trace’ system ISLAMABAD: The government has decided to implement a track and trace system at ginning factories to fully document... Updated 25 Aug, 2023 08:44am
Business & Finance Punjab govt adds two taxes to e-Pay Punjab LAHORE: The Punjab government has added two taxes/levies to e-Pay Punjab, an online platform for the collection of... Published 25 Aug, 2023 06:34am
Opinion Petrol prices in India and Pakistan: the differential The price of petrol is regulated in both India and Pakistan. It is sold at a price fixed by the governments of the... Updated 24 Aug, 2023 10:31am
Print Non-recovery of tax demands from China-based co: FTO summons FBR officials to explain reasons ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned member operations, Federal Board of Revenue (FBR), chief... Updated 24 Aug, 2023 08:59am
Print Senate body proposes scrutiny of assets of IR, Customs officials ISLAMABAD: The Senate Standing Committee on Finance has strongly proposed legislation to scrutinize the assets of... Updated 24 Aug, 2023 09:34am
Business & Finance Multinational cigarette makers accused of creating misunderstanding about FED hike ISLAMABAD: Capital Calling, a network of academic researchers and professionals, has stated that the government is... Published 24 Aug, 2023 06:22am
Business & Finance Sale of cigarettes below minimum price: PTC clarifies FBR’s enforcement action does not pertain to its operations ISLAMABAD: The Pakistan Tobacco Company Limited (PTC) on Wednesday categorically clarified that the Federal Board of... Published 24 Aug, 2023 06:22am
Business & Finance Workshop on taxation organised at CBD Punjab Complex LAHORE: In a bid to foster financial literacy and raise awareness about tax implications among its employees, Punjab... Published 24 Aug, 2023 06:22am
Editorials The state of the economy EDITORIAL: Contractionary fiscal and monetary policies agreed with the International Monetary Fund (IMF) under the... Updated 24 Aug, 2023 06:44am
Opinion Fiscal discipline key to reforms Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced... Published 23 Aug, 2023 05:50am
Business & Finance Directorate General of Reforms, Automation-Customs reorganized ISLAMABAD: The Federal Board of Revenue (FBR) has revised functional jurisdiction of the officials of the ... Published 23 Aug, 2023 05:50am
Business & Finance Call for curbing illegal cigarette manufacturing LAHORE: The illicit cigarette trade not only burdens the national treasury but also poses a significant hindrance to... Published 23 Aug, 2023 05:50am
Business & Finance FPCCI says 7E of ITO 2001 has proved ineffective KARACHI: Muhammad Suleman Chawla, Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI),... Published 23 Aug, 2023 05:50am
Print Paper importers level allegations against shipping cos, Customs KARACHI: Shipping companies are cruelly on a looting spree and the Model Customs Collectorate (Preventive), the... Updated 23 Aug, 2023 09:45am
Print Tax amnesty scheme beneficiaries: PIC summons FBR chief for not providing information ISLAMABAD: The Pakistan Information Commission (PIC) has summoned the Federal Board of Revenue (FBR) chairman for... Updated 23 Aug, 2023 08:44am
Business & Finance 650 cartons impounded: FBR initiates crackdown on mispricing of cigarettes KARACHI: The Federal Board of Revenue (FBR) has launched a crackdown on mispricing of cigarettes and has impounded... Published 23 Aug, 2023 05:50am
Business & Finance Duty drawback schemes: Sept 30 final date for resubmission of claims KARACHI: Following the directives of the Ministry of Commerce, final date for resubmission of claims under duty... Published 22 Aug, 2023 06:42am
Print Govt collects Rs75bn PL in July ISLAMABAD: The government collected Rs 75 billion in July 2023 on account of petroleum levy (PL), a key source of... Updated 22 Aug, 2023 08:56am