FBR misses Dec target: Rs225bn revenue shortfall ISLAMABAD: The Federal Board of Revenue (FBR) has suffered a massive revenue shortfall of Rs 225 billion during... Updated 01 Jan, 2023 10:07am
Print Imported hybrid steam boiler subject to 11pc duty: FBR ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has declared that the imported... Updated 01 Jan, 2023 10:07am
Business & Finance Federal Tax Ombudsman’s powers, jurisdiction explained ISLAMABAD: The Federal Tax Ombudsman (FTO) has the stature of Supreme Court judge and he can award six months’... Published 31 Dec, 2022 07:41am
Business & Finance Dec collection stands at Rs710bn ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 710 billion in 30 days of December 2022... Published 31 Dec, 2022 07:00am
Print FBR notifies PSW Evidence of Identity Rules, 2022 ISLAMABAD: The Federal Board of Revenue (FBR) has directed all persons engaged in cross-border trade transactions to... Updated 31 Dec, 2022 08:33am
Print Imports: Dar rejects ‘flood levy’ proposal ISLAMABAD: Finance Minister Ishaq Dar has rejected the proposal to impose flood levy on the import of non-essential... Updated 31 Dec, 2022 08:46am
Print Jul-Oct: Fiscal deficit rises 1.5pc of GDP to Rs1.266trn YoY ISLAMABAD: Overall, the fiscal deficit has increased to 1.5 percent of GDP (Rs1,266 billion) during July-October... Updated 31 Dec, 2022 08:50am
Opinion 2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has... Updated 30 Dec, 2022 06:28am
Business & Finance Customs asked to adopt standard units of measurement for 7,575 items ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday directed all field formations of Customs to adopt standard... Published 30 Dec, 2022 05:50am
Business & Finance Ministry directed to convene meeting of SAB for taking decision on sugar exports ISLAMABAD: The government has directed Ministry of National Food Security and Research to convene a meeting of Sugar... Published 30 Dec, 2022 05:50am
Business & Finance Erstwhile tribal areas: Steel and ghee/cooking industries told to justify tax exemption demand ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha Thursday categorically conveyed to the steel and... Updated 30 Dec, 2022 08:42am
Print Notice issued to Shabbar withdrawn on FTO’s order ISLAMABAD: The timely intervention of the Federal Tax Ombudsman (FTO) has resulted in the withdrawal of an illegal... Updated 30 Dec, 2022 08:42am
Editorials Ishaq Dar’s address: misplaced optimism? EDITORIAL: Federal Finance Minister Ishaq Dar gave an impassioned virtual address to mark the first listing of the... Published 30 Dec, 2022 05:50am
Business & Finance FTO says taxpayers filed over 6,000 complaints ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mehmood Jah Wednesday said taxpayers have filed 6,435 complaints... Published 29 Dec, 2022 06:55am
Business & Finance Mechanism for registration, allocation of jurisdiction: Annoyed at system, FTO asks FBR to file detailed report within 90 days KARACHI: The Federal Tax Ombudsman (FTO) has expressed dissatisfaction over maladministration reported in the... Published 29 Dec, 2022 05:59am
Business & Finance FBR sets up 6 new Model Customs Collectorates ISLAMABAD: The Federal Board of Revenue (FBR) has created six new Model Customs Collectorates to increase... Published 29 Dec, 2022 05:59am
Print Dar addresses ebbing investor confidence KARACHI/ISLAMABAD: Finance Minister Ishaq Dar Wednesday assured the investors that Pakistan won’t default, adding... Updated 29 Dec, 2022 08:45am
Print FBR reduces duty on import of agri tractors ISLAMABAD: The Federal Board of Revenue (FBR) has reduced additional customs-duty from 35 percent to 15 percent on... Updated 29 Dec, 2022 08:51am
Print Cigarette manufacturing sector: PM seeks elimination of tax evasion culture ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Wednesday directed for immediate eradication of smuggling and... Updated 29 Dec, 2022 08:51am
Business & Finance Complainant heavily taxed on pension received as remittance: FTO tells FBR to transfer jurisdiction, revisit impugned order ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken serious notice of illegal transfer of jurisdictions of an... Published 28 Dec, 2022 04:12am
Business & Finance EFS module: APTMA urges FBR to remove glitches ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) Tuesday conveyed to the Federal Board of Revenue (FBR)... Published 28 Dec, 2022 04:12am
Business & Finance KTBA concerned at tax recovery notices KARACHI: Karachi Tax Bar Association (KTBA) has expressed concerns over tax recovery notices. In a letter sent to... Published 28 Dec, 2022 04:12am
Business & Finance Leading businessman inducted into body on resource mobilisation ISLAMABAD: Finance Minister Ishaq Dar has included Ziad Bashir, a leading businessman, as a member of the Reforms ... Published 28 Dec, 2022 04:12am
Business & Finance Customs launching new module for accurate valuation: official KARACHI: Director General of Customs Valuation Gul Rehman has informed that customs department is launching a module... Published 27 Dec, 2022 07:17am
Business & Finance Manufacturers in KP affected: Show-cause notices being issued for tax periods prior to 25th Amendment LAHORE: The FBR field formations, particularly those in Khyber Pakhtunkhwa (KP), are pursuing suppliers of goods to... Published 27 Dec, 2022 06:07am
Print New customs values issued for wide range of papers ISLAMABAD: The Directorate General of Customs Valuation, Karachi has increased 15pc to 20 pc customs values on the... Updated 27 Dec, 2022 09:41am
Print CVT on foreign assets, tax on ‘deemed income basis’: FBR decides to publish richest defaulters’ names ISLAMABAD: The government is weighing in on ‘naming and shaming’ the richest of the country who default on Capital... Updated 27 Dec, 2022 09:45am
Business & Finance ATIR under shock: LTO Islamabad treats an airline as a ‘Kiryana shop’ ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) Islamabad is shocked that the Large Tax Office (LTO) Islamabad... Published 26 Dec, 2022 05:48am
Editorials SBP’s annual report EDITORIAL: The State of the Economy Report published by the State Bank of Pakistan acknowledged the growth rate for... Published 26 Dec, 2022 05:48am
Print Dubious/manual assessment orders: FTO directs FBR to conduct probe ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate cases ... Updated 25 Dec, 2022 10:00am