FBR chief inaugurates new building of RTO in Islamabad ISLAMABAD: Chairman FBR, Malik Amjed Zubair Tiwana inaugurated the new building of Regional Tax Office, Islamabad on... Published 24 May, 2024 06:57am
Business & Finance Budget FY25: IMC demands govt support local auto industry ISLAMABAD: Chief Executive Indus Motor Company (IMC) Ali Asghar Jamali has said that the local auto industry is in... Published 24 May, 2024 06:40am
Business & Finance High tobacco taxes strengthen illegal market: study ISLAMABAD: The government’s dramatic increase in cigarette taxes has unexpectedly catalyzed a booming illegal... Published 24 May, 2024 06:25am
Business & Finance Budget 2024-25: Extra taxation will be avoided, FBR assures juice industry ISLAMABAD: The Federal Board of Revenue (FBR) has assured the formal packaged juice industry that the government... Updated 24 May, 2024 07:45pm
Opinion Questioning the Customs Rules The business community has raised a serious objection on SRO 450(1)/2001 Customs Rules, 2001 sub rule 664(q) which,... Published 24 May, 2024 05:54am
Business & Finance Increase in volume base: PSMCL suggests certain policy interventions ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by a delegation of... Updated 24 May, 2024 08:48am
Print 11,252 SIM cards of non-filers blocked so far ISLAMABAD: The Federal Board of Revenue (FBR) has so far blocked 11,252 SIMs of non-filers of income tax returns.... Updated 24 May, 2024 09:17am
Print Many zero-rated items: FBR proposes standard rate of 18pc sales tax ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 18 percent sales tax on a wide range... Updated 24 May, 2024 11:29pm
Print 14-seater sightseeing bus: 30pc duty on electric vehicle import imposed ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed 30 percent customs... Updated 24 May, 2024 02:28pm
Opinion Budgets 2024: thinking afresh “Simplify taxes, reduce the cost of excessive documentation, open the economy for higher growth and employment,... Updated 24 May, 2024 05:49am
Business & Finance Customs Dept: Businessmen concerned over anti-smuggling functions KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business community had grievances with the... Published 23 May, 2024 05:16am
Print FBR to issue uniform tax recovery rules in budget ISLAMABAD: The Federal Board of Revenue (FBR) will issue uniform sales tax, income tax and federal excise recovery... Updated 23 May, 2024 09:16am
Print No super tax payable on income falling under FTR: Karachi ATIR ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR), Karachi, has declared that no super tax is payable on... Updated 23 May, 2024 08:45am
Business & Finance Budget proposals: OICCI for standardising GST rates and policies KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) in its taxation proposals for the upcoming... Updated 23 May, 2024 09:19am
Opinion Properties of Pakistanis in Dubai In 2019 when I was the Chairman of Federal Board of Revenue (FBR) I asked my Director General International Taxation... Published 22 May, 2024 05:54am
Print Aurangzeb tells PRBC team: FBR digitalisation to broaden tax net ISLAMABAD: Finance Minister Muhammad Aurangzeb Tuesday informed Pakistan Retail Business Council (PRBC) that... Updated 22 May, 2024 09:27am
Business & Finance FTO instructs FBR to ensure IR Commissioner in addressing rectification application ISLAMABAD: The Federal Tax Ombudsman (FTO) has instructed the Federal Board of Revenue (FBR) to ensure that the... Published 22 May, 2024 05:54am
Business & Finance PBF for simplification of tax system KARACHI: Pakistan Business Forum (PBF) has recommended the federal government to simplify the tax system to reduce... Published 22 May, 2024 05:54am
Business & Finance Minister underscores need for broadening tax base ISLAMABAD: Pakistan has a capacity to generate Rs27,000 billion in terms of taxes and we will not need the loans of... Published 22 May, 2024 05:54am
Business & Finance Auctioned vehicles by successful bidders: FBR directed to devise comprehensive SOP for timely lab testing ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a comprehensive... Published 22 May, 2024 05:54am
Business & Finance Budget 2024-25: PBC for documenting economy as per Indian model ISLAMABAD: Pakistan Business Council (PBC) has strongly proposed Finance Minister Muhammad Aurangzeb to implement... Published 21 May, 2024 03:39am
Editorials Informal economy EDITORIAL: The size of Pakistan’s informal sector has been a cause for much consternation for our policymakers as... Published 21 May, 2024 03:39am
Markets Tax proposals: PBC calls for ‘out of box solutions’ The Pakistan Business Council (PBC), one of the country’s largest corporate sector advocacy platforms, has urged... Updated 20 May, 2024 08:06pm
Opinion Need for a balanced revenue-sharing framework One of the key demands of the IMF is to increase the tax-to-GDP ratio to 13-14 percent by the end of the upcoming... Updated 20 May, 2024 06:21am
Business & Finance FTO says overseas Pakistanis entitled to import vehicles under IPO ISLAMABAD: The overseas Pakistanis are entitled to import vehicles under personnel baggage scheme, transfer of... Published 20 May, 2024 05:44am
Print Govt eyeing new steps to achieve Rs1trn plus taxation Budget makers are considering further increasing difference of withholding tax rates between filers and non-filers of returns Updated 20 May, 2024 07:05pm
Business & Finance KPRA continues crackdown on non-compliant taxpayers PESHAWAR: To improve tax compliance and discourage tax evasion, the Khyber Pakhtunkhwa Revenue Authority (KPRA)... Published 20 May, 2024 05:44am
Print Exploring investment: PM expected to visit UAE in a couple of weeks ISLAMABAD: Prime Minister Shehbaz Sharif is expected to visit United Arab Emirates (UAE) within a couple of weeks,... Updated 19 May, 2024 03:10pm
Print Art/music students: FTO directs FBR not to charge 20-40pc WHT on honoraria ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to stop Punjab Council of... Updated 19 May, 2024 09:31am
Pakistan Violation of SC orders: FTO orders probe against CTO Islamabad officials ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has ordered an investigation against the Federal ... Published 18 May, 2024 05:45am