Shamshad informs Senate body: No ‘fiscal space available’ for subsidies ISLAMABAD: The members of the Senate Standing Committee on Finance demanded of the government to withdraw seven... Updated 31 Aug, 2023 09:25am
Print Textile exports: Govt sets $25bn target ISLAMABAD: Caretaker Federal Minister for Commerce and Industries and Production, Dr Gohar Ejaz, on Wednesday, set... Updated 31 Aug, 2023 08:43am
Print FTO’s advice: FBR may introduce separate salary return form ISLAMABAD: On the recommendations of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) is expected... Updated 31 Aug, 2023 09:32am
Editorials Economy: caretakers indecisive or dilatory? EDITORIAL: The federal caretaker cabinet meeting last Tuesday, reportedly (as no press release was issued or a press... Published 31 Aug, 2023 06:00am
Print SC moved against PPIB (amendment) Act ISLAMABAD: The Supreme Court has been urged to declare the Private Power and Infrastructure Board (Amendment) Act,... Updated 31 Aug, 2023 09:03am
Business & Finance Non-resident companies: Income tax dept levying super tax in negation of double taxation treaties LAHORE: The income tax department is allegedly levying supper tax in negation of the treaties for the avoidance of... Updated 31 Aug, 2023 06:36am
Business & Finance FTO recommends a taxpayer-friendly automated system ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended that the Federal Board of Revenue (FBR) should... Published 30 Aug, 2023 03:33am
Business & Finance Directorate General of Customs Risk Management: FBR notifies functions of newly-created director general ISLAMABAD: The Federal Board of Revenue (FBR) has notified the powers and functions of the newly-created Director... Published 30 Aug, 2023 03:33am
Opinion Addressing energy poverty Pakistani citizens are grappling with the alarming reality of their energy expenses. The range is noted to hover... Updated 29 Aug, 2023 07:03am
Print ECC meeting chaired by Shamshad asks food ministry to help check smuggling, hoarding of sugar ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Ministry of National Food... Updated 29 Aug, 2023 08:37am
Print Beneficial owners: Corporate sector asked to retain records for 10 years ISLAMABAD: The Federal Board of Revenue (FBR) has directed the corporate sector to retain the records of all... Updated 29 Aug, 2023 09:36am
Editorials 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