Field formations can’t deny benefit of exemption to entitled taxpayers LAHORE: Field formations of the Federal Board of Revenue (FBR) cannot deny the benefit of an exemption if the... Published 23 May, 2023 06:14am
Business & Finance Seized goods at Collectorates of Customs: FTO takes notice of absence of e-auction facility ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken serious notice of the absence of the facility of electronic... Published 23 May, 2023 06:14am
Pakistan Expert underscores need for dealing with illicit trade challenge LAHORE: Terming inaccurate statistics regarding illicit trade in Pakistan as a significant barrier to making... Published 22 May, 2023 06:23am
Print Tobacco industry: FBR anticipates Rs200bn collection on FED hike ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect around Rs200 billion from the tobacco... Updated 22 May, 2023 09:09am
Print FTO asks FBR to conduct ‘withholding audit’ of NHA ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a withholding... Updated 22 May, 2023 08:58am
Print Delayed notifications: Wind energy association not happy with Power Division ISLAMABAD: Pakistan Wind Energy Association is reportedly unhappy with Power Division for delaying notifications of... Updated 22 May, 2023 09:01am
Editorials For whom the bell tolls, it tolls for thee EDITORIAL: Some circles in the government are trying to build up a narrative that current account is coming into... Published 22 May, 2023 06:23am
Print Letters of credit: Banks asked to facilitate: Export-oriented sectors find favour with Dar Finance minister reiterates government’s resolve to overcome challenges and set the economy towards growth Updated 22 May, 2023 05:34pm
Pakistan ‘Fake’ letter to Dar: FBR mulling approaching FIA ISLAMABAD: The Federal Board of Revenue (FBR) is considering approaching Federal Investigation Agency (FIA) Cyber... Published 21 May, 2023 04:00am
Print Unsatiated traders seek more tax incentives ISLAMABAD: The business community is again seeking tax exemptions, special tax rates, and tax credits and ... Updated 21 May, 2023 09:32am
Opinion FY2023-24 Budget The government is expected to present the budget for the next fiscal year in the first week of June. Budgets in... Published 20 May, 2023 05:59am
Print Local, foreign assets: Rs9bn CVT collected so far ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and... Updated 20 May, 2023 12:30pm
Editorials ‘Realistic’ tax target EDITORIAL: The budget is just around the corner, which makes this the time when the finance ministry is flooded with... Published 20 May, 2023 05:59am
Business & Finance Budget proposals: ICAP urges govt to amend FBR law, related rules, regulations ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) has approached the government seeking ... Published 20 May, 2023 05:59am
Print Slow growth, rising inflation: SBP projects a double whammy for country Says demand management measures and floods in 2022 have weighed heavily on the country’s growth outlook for FY23 Updated 20 May, 2023 07:23pm
Business & Finance Budget proposals: PBC asks FBR to discourage use of cash in economy ISLAMABAD: The Federal Board of Revenue (FBR) has received different budget proposals to check the cash economy in... Published 20 May, 2023 05:59am
Pakistan Non-implementation of ATIR order: IHC issues notices to Member IRO FBR, and others ISLAMABAD: The Islamabad High Court (IHC) has issued notices to Member Inland Revenue Operations, Federal Board of... Published 19 May, 2023 06:17am
Opinion Budget, taxes, revival & growth Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are ... Published 19 May, 2023 06:17am
Opinion A mission-oriented Budget Never before in 75-year history of the country has Annual Budget been so important. Now that Pakistan has struggled... Published 19 May, 2023 06:17am
Editorials PSDP: prudence needed EDITORIAL: The Ministry of Finance has given a 700 billion rupee indicative budget ceiling for Public Sector... Published 19 May, 2023 06:17am
Print Juices, aerated water: FBR reviewing FED structure in budget ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing federal excise duty (FED) structure on juices and aerated... Updated 19 May, 2023 09:03am
Business & Finance Manufacturing unit: T&T system installation decreases overall sales of illicit cigarettes ISLAMABAD: The installation of the track and trace system at the manufacturing units has decreased the overall sales... Published 19 May, 2023 06:17am
Business & Finance FY24 Budget: MoF, FBR receive inputs from FPCCI, Aptma ISLAMABAD: The Ministry of Finance and the Federal Board of Revenue (FBR), Thursday, discussed budget proposals with... Published 19 May, 2023 06:17am
Business & Finance FBR imposes major penalty of ‘Dismissal from Service’ upon PO ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a major penalty of “Dismissal from Service” upon Samra... Published 18 May, 2023 06:10am
Business & Finance Cigarettes: FBR generates additional Rs11.3bn under FED ISLAMABAD: The Federal Board of Revenue (FBR) has so far generated an additional amount of Rs11.3 billion under the... Published 18 May, 2023 06:10am
Print Stalled bailout: Govt to stick it out despite IMF procrastination Minister of State for Finance Aisha Ghaus Pasha says government has made considerable progress with respect to the IMF programme and does not want to detract Updated 18 May, 2023 10:29am
Print Subsidy availed under ZRI scheme: Finance Division proposes industries’ forensic audit ISLAMABAD: The Finance Division has proposed forensic audit of industries which availed subsidy under Zero Rated... Updated 18 May, 2023 09:34am
Print Industries in tribal areas: Fate of tax exemptions to be decided in FY24 budget ISLAMABAD: The government, through Finance Bill 2023, will take final decision on the extension in tax exemptions... Updated 18 May, 2023 09:03am
Print Pre-budget talks: Senate panel to meet stakeholders from next week ISLAMABAD: The Senate Standing Committee has decided to hold pre-budget meetings with all the relevant stakeholders... Updated 18 May, 2023 09:05am
Print Budget measures regarding new housing societies: FBR, provinces to document ‘plot file’ trading ISLAMABAD: The Federal Board of Revenue (FBR) and provinces will take measures in the coming budget (2023-24) to... Updated 17 May, 2023 11:20am