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
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 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
Business & Finance Market share of smuggled cigarettes likely to increase by 50pc LAHORE: Illicit cigarette brands account for a significant portion of the market, and the tax discrepancy caused by... Published 10 May, 2023 06:03am
Business & Finance Tobacco firms may show less production after FED hike: PANAH ISLAMABAD: Sana Ullah Ghumman, General Secretary and Director Operations of Pakistan National Heart Association... Published 07 May, 2023 03:21am
Business & Finance Pakistan selling cheapest cigarettes in region: Study ISLAMABAD: Pakistan is selling cheapest cigarettes in the region, revealed a research study on Thursday. For... Updated 05 May, 2023 07:06am
Business & Finance FBR rescinds SRO but new FED rates on cigarettes to remain intact ISLAMABAD: The Federal Board of Revenue (FBR) has rescinded SRO 178(I)/2023 which has considerably increased the... Published 03 May, 2023 06:42am
Print FED on tobacco products: Govt may get additional revenue of Rs60bn ISLAMABAD: The government has estimated to generate an additional revenue of at least Rs60 billion following raise... Updated 02 May, 2023 08:50am
Business & Finance Higher taxes ‘most effective’ tool to curtail tobacco consumption: PIDE study ISLAMABAD: A study conducted by the Pakistan Institute of Development Economics (PIDE) has confirmed that the... Published 22 Apr, 2023 03:38am
Print Govt fails to implement WB-recommended tax reforms ISLAMABAD: The government has failed to fully implement the World Bank recommended major tax reforms for enhancing... Updated 20 Apr, 2023 08:35am
Business & Finance Cigarette industry: FBR seeks to generate extra Rs185bn revenue thru FED, GST ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to generate additional revenue of around Rs185 billion... Published 19 Apr, 2023 06:36am
Pakistan Govt urged to stick to new FED rate on cigarettes ISLAMABAD: Health activists have urged the government to remain steadfast on its decision to double the Federal... Published 17 Apr, 2023 06:41am
Pakistan Huge rise in FED on cigarettes: govt urged to remain ‘steadfast’ ISLAMABAD: Health activists urged the government to remain steadfast on its major decision of doubling the Federal... Published 14 Apr, 2023 05:59am
Pakistan Over 210,000 smokers die annually due to health issues: report ISLAMABAD: Over 210,000 people die every year in Pakistan due to smoking-related health issues, according to a... Published 14 Apr, 2023 05:59am
Business & Finance Rise in FED gives informal cigarette industry a huge boost ISLAMABAD: The illicit cigarette industry captured the overall market of documented cigarette manufacturers in April... Published 13 Apr, 2023 06:37am
Pakistan Experts hail govt’s decision to enhance tax rate on cigarettes ISLAMABAD: The social activists and health experts Sunday highly appreciated government’s decision of higher... Published 10 Apr, 2023 06:45am
Pakistan AJK govt notifies huge increase in FED on cigarettes ISLAMABAD: The Central Board of Revenue Azad Kashmir on Tuesday substantially raised Federal Excise Duty on... Published 01 Mar, 2023 07:30am
Print 17pc tax applicable on mobile phones valuing above $200 ISLAMABAD: There is no change in sales tax regime of locally manufactured mobile phones and imported mobile phones... Updated 01 Mar, 2023 09:04am
Pakistan Increase in FED on cigarettes: Health activists satisfied with new govt measure ISLAMABAD: Health activists Friday expressed satisfaction over signing of Finance (Supplementary) Act, 2023 by... Published 25 Feb, 2023 06:23am
Print Anomaly in excise duty: Illegal cigarette trade will get a big boost ISLAMABAD: The anomaly created by the Federal Board of Revenue (FBR) in new excise duty structure of cigarettes to... Updated 25 Feb, 2023 08:59am
Business & Finance Hike in FED on tobacco to hit govt’s revenue collection efforts KARACHI: The recent increase in the Federal Excise Duty (FED) on the tobacco sector will lead to reduction in the... Published 25 Feb, 2023 06:23am
Business & Finance Rs170bn taxes apply to meet IMF conditions: President signs finance bill into law ISLAMABAD: President Arif Alvi Thursday signed the Finance (Supplementary) Bill, 2023, implementing additional taxes... Published 24 Feb, 2023 06:00am
Print Import of luxury items ST: FBR empowered to impose higher rate of 25pc ISLAMABAD: The Finance (Supplementary) Act, 2023 has empowered the Federal Board of Revenue (FBR) to impose a higher... Updated 24 Feb, 2023 08:45am
Print Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit Updated 21 Feb, 2023 12:01pm
Print Air tickets: new rates of FED fixed According to the new rates, the FED would be applicable on club, business and first-class air tickets issued on or after the date of commencement of the Finance (Supplementary) Bill 2023 Updated 21 Feb, 2023 12:40pm
Business & Finance Cos plead case before PM: 10pc FED on juices to inflict revenue loss on FBR ISLAMABAD: The imposition of 10 percent Federal Excise Duty (FED) on juices will actually result in revenue loss to... Published 17 Feb, 2023 06:36am
Editorials ‘Mini-budget’ EDITORIAL: The revenue measures as revealed in the ‘mini-budget’ were expected as Finance Minister Ishaq Dar had... Published 17 Feb, 2023 06:00am
Pakistan Anti-smoking activists hail FED hike on tobacco products ISLAMABAD: Anti-smoking activists and public health advocates on Thursday welcomed government’s initiative to ... Published 17 Feb, 2023 06:00am
Print Fiscal year 2022-23: Tax target raised to Rs7.64trn Revenue collection target has been increased after additional revenue measures of Rs170 billion, says Federal Board of Revenue Chairman Asim Ahmad Updated 17 Feb, 2023 10:15pm
Pakistan Massive tax hike proposed for cigarette cos to benefit illicit firms: PMPL KARACHI: The unprecedented tax hike proposed for tax-paying tobacco companies would effectively favour the illicit... Published 16 Feb, 2023 06:08am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?