Cigarette consumption: Pakistan witnesses significant dip: survey ISLAMABAD: Pakistan has witnessed a significant dip in cigarette consumption due to its high prices, according to a... Published 06 Jun, 2024 03:09am
Pakistan Business operations to become infeasible if higher FED rates continue: LUMS ISLAMABAD: A new study by the Lahore University of Management Sciences (LUMS) cautioned that the business operations... Published 05 Jun, 2024 07:08am
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 Hike in FED, GST on tobacco in budget: Shehla urges MPs, stakeholders to join efforts ISLAMABAD: Member National Assembly Shehla Raza Friday asked the parliamentarians and stakeholders to join efforts... Published 18 May, 2024 05:45am
Print Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget ISLAMABAD: The government is planning to rationalise Federal Excise Duty (FED) regime in the coming budget with... Updated 16 May, 2024 09:26am
Business & Finance Call to raise tobacco taxes up to 70pc to minimise consumption ISLAMABAD: Malik Imran Ahmed, country head of “The Campaign for Tobacco Free Kids” (CTFK) has urged the... Published 14 May, 2024 05:18am
Print Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue (IR) field formations to recover sales... Updated 08 May, 2024 08:51am
Opinion The quest for recovery of Rs2.7 trillion revenue That the tax litigation system in Pakistan has long been afflicted by inordinate delays, bureaucratic hurdles, and a... Published 06 May, 2024 05:30am
Editorials Hurting growth of formal economy EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy... Published 06 May, 2024 05:30am
Business & Finance Govt urged to hike FED on cigarettes ISLAMABAD: The Centre for Research and Dialogue (CRD) has asked the government to implement recommendations of... Published 22 Apr, 2024 04:39am
Business & Finance Cigarettes remain top revenue spinner of FED ISLAMABAD: The cigarettes remained top revenue spinner of federal excise duty (FED) after raise of FED rates on... Published 19 Apr, 2024 05:07am
Business & Finance Cigarettes: Aurat Foundation proposes 26pc hike in FED ISLAMABAD: Aurat Foundation Thursday proposed the budget makers to raise Federal Excise Duty (FED) on cigarettes by... Published 05 Apr, 2024 04:50am
Business & Finance IT, ST-related budget proposals sought ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue field formations to submit income tax and... Published 23 Feb, 2024 06:36am
Business & Finance Increase in FED on cigarettes: Health advocates call for implementation of World Bank’s recommendation ISLAMABAD: Health advocates called for immediate implementation of the latest recommendation of the World Bank (WB)... Published 18 Nov, 2023 06:03am
Print FBR shares collection data with IMF ISLAMABAD: The Federal Board of Revenue (FBR) Friday shared tax-wise data of revenue collection with the... Updated 04 Nov, 2023 04:06pm
Business & Finance Tobacco industry to fully install ‘track & trace system’ by year-end ISLAMABAD: The electronic monitoring track and trace system of the Federal Board of Revenue (FBR) is expected to be... Published 16 Oct, 2023 05:47am
Print ‘Illicit cigarettes to inflict Rs300bn annual loss on kitty’ ISLAMABAD: The documented tobacco industry has estimated to pay Rs242 billion federal excise duty/sales tax in the... Updated 13 Oct, 2023 08:46am
Business & Finance Insurance industry paid Rs34.3bn against taxes, duties in 2022 ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including... Updated 03 Oct, 2023 08:43am
Print Domestic collection improvement: FBR presents strategy to Shamshad ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, presented a plan before the Ministry of Finance to improve... Updated 13 Sep, 2023 08:53am
Business & Finance July-August: Rs24bn surge in revenue collection ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 1,207 billion during the first two... Updated 01 Sep, 2023 09:10am
Business & Finance Multinational cigarette makers accused of creating misunderstanding about FED hike ISLAMABAD: Capital Calling, a network of academic researchers and professionals, has stated that the government is... Published 24 Aug, 2023 06:22am
Business & Finance Sale of cigarettes below minimum price: PTC clarifies FBR’s enforcement action does not pertain to its operations ISLAMABAD: The Pakistan Tobacco Company Limited (PTC) on Wednesday categorically clarified that the Federal Board of... Published 24 Aug, 2023 06:22am
Business & Finance 650 cartons impounded: FBR initiates crackdown on mispricing of cigarettes KARACHI: The Federal Board of Revenue (FBR) has launched a crackdown on mispricing of cigarettes and has impounded... Published 23 Aug, 2023 05:50am
Print Share of smuggled cigarettes further increases: Documented sector demands govt take action Pakistan Tobacco Company (PTC) apprehends that the market share of the illicit tobacco sector would further cross 53 percent in the next quarter of 2023-24 Updated 21 Aug, 2023 09:58am
Opinion Broadening the tax net-II: A solution to taxation woes? The narrative highlighting the importance of enhancing the number of tax filers also fails to take into account the... Published 18 Aug, 2023 06:06am
Print ST, FED return form: FTO directs FBR to rectify errors ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to rectify errors in the... Updated 12 Aug, 2023 09:10am
Print Rs9.4trn revenue collection target: FBR required to rely on policy, some other steps ISLAMABAD: The Federal Board of Revenue (FBR) will heavily rely on policy and administrative/ enforcement measures... Updated 09 Aug, 2023 09:27am
Editorials Track-and-trace system loses its own track EDITORIAL: The tobacco manufacturing industry is the single largest contributor to the Federal Board of Revenue’s... Published 05 Aug, 2023 06:00am
Business & Finance Khyber Tobacco asks FBR to implement T&T system ‘flawlessly’ ISLAMABAD: A leading national tobacco manufacturer has asked the Federal Board of Revenue (FBR) to implement the... Published 15 Jul, 2023 06:08am
Print FBR to ‘sell’ excise rules, general orders, departmental rulings to public ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental... Updated 06 Jul, 2023 08:39am