Bank attachments: Absence of grievance redressal system irks taxpayers LAHORE: Absence of grievance redressal mechanism for benefit of persons whose funds were wrongfully appropriated by... Published 25 Jan, 2023 06:25am
Print LHC has held that Section 8(2) (b) of Finance Act is valid ISLAMABAD: The Lahore High Court (LHC) held that Section 8(2) (b) of the Finance Act, 2022, is valid, ... Updated 25 Jan, 2023 08:53am
Business & Finance POL products: additional Rs76bn revenue can be generated thru PL maximization to Rs50 per litre ISLAMABAD: The government has projected to collect Rs 76 billion additional revenue if it maximizes the petroleum... Updated 25 Jan, 2023 08:56am
Business & Finance Money laundering: FBR begins probe against 16 individuals ISLAMABAD: Directorate General of Intelligence and Investigation (Customs), Federal Board of Revenue (FBR) has... Published 25 Jan, 2023 06:25am
Business & Finance Amnesty schemes played havoc with economy: SC ISLAMABAD: The Supreme Court expressed annoyance over the amnesty schemes, which have been announced by the... Published 24 Jan, 2023 07:11am
Business & Finance Cement manufacturers: Implementation of track-and-trace system delayed ISLAMABAD: The implementation of the track and trace system at the cement manufacturers has been delayed for the ... Published 24 Jan, 2023 07:09am
Business & Finance Speedy system for registration of complaints introduced: FTO FAISALABAD: The Federal Tax Ombudsman Dr. Asif Mahmood Jah has said that his office is providing full services to... Published 24 Jan, 2023 06:56am
Print Non-filers: Govt considering imposing WHT on banking transactions ISLAMABAD: The government is considering to impose withholding tax on banking transactions of non-filers of income... Updated 24 Jan, 2023 09:01am
Editorials Doesn’t Cabinet see the writing on the wall? EDITORIAL: The writing on the wall has been made clear multiple times in recent months to the incumbent 11-party... Published 24 Jan, 2023 06:06am
Business & Finance Customs values on paraffin wax, calcium carbide revised ISLAMABAD: The Directorate General of Customs Valuation, Karachi has revised customs values on the import of ... Published 24 Jan, 2023 06:06am
Business & Finance Incandescent light bulbs: Duties, taxes on import of parts, CBUs may soar ISLAMABAD: The government is likely to increase duties and taxes on import of parts and Completely Built Units ... Published 24 Jan, 2023 06:06am
Pakistan RTO Peshawar intensifies operations against sales tax evaders PESHAWAR: The Chief Commissioner Inland Revenue, Regional Tax Office, Peshawar, Aqeel Ahmad Siddiqui has directed ... Published 23 Jan, 2023 05:57am
Opinion Counting the ways to borrow Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek... Published 23 Jan, 2023 05:57am
Opinion IMF – No half measures Last week it appeared that the economic reality is finally sinking into the government high-ups. The statement of... Updated 23 Jan, 2023 08:22am
Print Single returns portal: Failure to make portal functional for GST officials irks World Bank ISLAMABAD: The World Bank (WB) has expressed concerns that the single returns portal has not yet become fully... Updated 23 Jan, 2023 09:19am
Print RTO Lahore: FTO unearths ‘maladministration’ ISLAMABAD: Federal Tax Ombudsman (FTO) has unearthed that the Regional Tax Office (RTO) Lahore has committed... Updated 23 Jan, 2023 09:18am
Business & Finance FPCCI calls for simplification of tax system PESHAWAR: Regional Coordinator, Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Sartaj Ahmad Khan... Published 23 Jan, 2023 05:57am
Business & Finance Govt discussing issue of factories’ closure with businessmen: minister HYDERABAD: Federal Minister for Commerce and Privatization Syed Naveed Qamar has blamed Pakistan Tehreek-e-Insaf... Published 23 Jan, 2023 05:57am
Editorials Inflation and lower output EDITORIAL: A former Finance Minister, Dr Hafiz A. Pasha, while addressing the members of Pakistan Industrial and... Published 23 Jan, 2023 05:57am
Pakistan FBR chief asks CCIRs to meet revenue targets KARACHI: Asim Ahmed, Chairman Federal Board of Revenue (FBR) on Saturday held a meeting with Chief Commissioners of... Published 22 Jan, 2023 03:08am
Business & Finance FBR body imposes 2pc customs duty on import of ‘PCB Boards for LED TV’ ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has declared that the ‘PCB... Updated 22 Jan, 2023 10:17am
Business & Finance Poor monitoring of TTS: FBR suspends supervisory staff at sugar mills ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the supervisory staff deputed for monitoring at the ... Published 21 Jan, 2023 07:31am
Business & Finance LCCI starts consultation to prepare economic policy framework LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has started consultation to prepare economic policy... Published 21 Jan, 2023 07:20am
Print Importance of ‘RRMC’ in taxation issues highlighted ISLAMABAD: The government has highlighted the importance of the Reforms and Resource Mobilisation Commission (RRMC)... Updated 21 Jan, 2023 08:49am
Print Sales tax calculation: Not fixing minimum value of sugar to affect FBR revenue ISLAMABAD: The Federal Board of Revenue (FBR)’s decision of not fixing the minimum value on the supply of sugar ... Updated 21 Jan, 2023 08:52am
Business & Finance FTO directs LTO Karachi to refund extra ST paid on vehicles to BOP ISLAMABAD: To facilitate car buyers, the Federal Tax Ombudsman (FTO) has directed the Large Taxpayer Office (LTO)... Published 20 Jan, 2023 07:50am
Opinion Debt, inequality and austerity ‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing... Published 20 Jan, 2023 06:44am
Editorials Fraught present, unknown future EDITORIAL: The country is fast approaching a point of no return. If the economy is forced upon a default on its... Updated 20 Jan, 2023 02:33pm
Business & Finance Tax authorities accused of prejudging tax evasion as bid to launder money LAHORE: The Intelligence and Investigation (I&I) Wing of the Inland Revenue is prejudging tax evasion as an... Published 20 Jan, 2023 06:10am
Print MoS Aisha terms ‘structural reforms’ need of the hour ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha said that structural reforms are the need of the country... Updated 20 Jan, 2023 08:46am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees