FBR notifies end of dual taxation treaty with Estonia ISLAMABAD: Pakistan and Estonia have signed the convention for the elimination of double taxation with income and ... Published 12 Oct, 2024 06:17am
Print Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units... Updated 11 Oct, 2024 09:17am
Markets ‘War on tax fraud’: Pakistan faces revenue gap of Rs3.4tr due to tax evasion & fraud, says finance ministry Finance & Revenue Division cites FBR study pertaining to iron & steel, beverages, batteries, textile, and cement sectors Updated 10 Oct, 2024 09:18pm
Business & Finance Customs uncovers over Rs35m tax evasion thru mis-declaration of soyabean products KARACHI: The Collectorate of Customs, Appraisement (SAPT), Karachi has uncovered over Rs35 million tax evasion... Published 01 Oct, 2024 06:49am
Business & Finance SRB seals popular eatery for ‘tax evasion’ KARACHI: The Sindh Revenue Board (SRB) has taken decisive action against a popular eatery in Karachi’s upscale... Published 25 Sep, 2024 07:21am
Editorials Tax reforms: more of the same? EDITORIAL: The taxation bureaucracy’s knack of coming up with measures that claim to tackle the inefficiencies of... Published 25 Sep, 2024 06:48am
Print RTO Sargodha detects Rs23bn tax evasion ISLAMABAD: A Withholding Zone of Regional Tax Office (RTO) Sargodha has effectively utilised the existing data and... Updated 16 Sep, 2024 03:12pm
Print KP to reward tax fraud identifiers with cash PESHAWAR: The Khyber Pakhtunkhwa (KP) government has announced that it will offer cash rewards to individuals who... Updated 16 Sep, 2024 03:24pm
Print Tax fraudsters to face jail ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1... Updated 29 Jun, 2024 02:21pm
Print PM takes serious note of absence of sugar data ISLAMABAD: Prime Minister Shehbaz Sharif is said to have taken serious note of the absence of requisite data on... Updated 10 May, 2024 08:59am
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
Print Need stressed to implement much delayed TTS ISLAMABAD: Prime Minister Shehbaz Sharif’s recent commitment to robust tax enforcement has underscored the urgent... Updated 06 May, 2024 09:02am
Business & Finance SRB seals restaurant, event management company for tax evasion KARACHI: The Sindh Revenue Board (SRB) on Thursday took strict action against tax evasion, sealing the premises of a... Published 26 Apr, 2024 04:15am
Pakistan Tax evasion, non-compliance: SRB seals Sajjad Restaurant at Do Darya, Karachi The Sindh Revenue Board (SRB) has sealed the premises of Sajjad Restaurant located at Do Darya, Karachi over tax... Updated 25 Apr, 2024 09:57pm
Business & Finance Trade competitiveness and economic growth: Govt focusing on tariff rationalisation, its implications: Jam ISLAMABAD: Commerce Minister Jam Kamal has said that the government is focusing on tariff rationalization and its... Published 05 Apr, 2024 04:50am
Business & Finance Huge operation in AJK against tax evasion in cigarette industry ISLAMABAD: Joint teams of Azad Jammu & Kashmir’s excise and taxation department and police have conducted... Published 05 Apr, 2024 04:50am
Business & Finance Black tea imports: major tax evasion unearthed KARACHI: The Customs Intelligence, Karachi has cracked down on a major tax evasion racket involving the import of... Published 02 Apr, 2024 04:37am
Business & Finance Enhancement of tax-to-GDP ratio: ‘Govt should curtail tax evasion, illicit trade in major sectors’ LAHORE: “The government could enhance the tax-to-GDP ratio, increase tax collection and reduce the budget deficit... Published 30 Mar, 2024 08:03am
World India’s top political donor subject of fraud, tax evasion probes MUMBAI: India’s largest known political donor is a lottery company which has been the subject of fraud and tax... Published 16 Mar, 2024 06:26am
Print ‘Misuse’ of EFS: Rs1.08bn tax evasion scam unearthed KARACHI: The Directorate General of Post Clearance Audit (PCA) South has uncovered a massive tax evasion scam... Updated 09 Mar, 2024 01:21pm
Business & Finance Customs detects Rs27.5bn tax ‘evasion’ KARACHI: An alarming tax evasion scam has been detected by Directorate Post-Clearance Audit (PCA) South, revealing... Published 16 Feb, 2024 06:02am
Business & Finance Sugar mills evading tax to face crackdown ISLAMABAD: The caretaker government has decided to start crackdown on sugar mills involved in tax evasion, well... Published 01 Feb, 2024 04:52am
Pakistan FTO orders clearance of Rs13bn refunds LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has passed orders for clearance of Rs 13 billion refunds for... Published 06 Jan, 2024 05:17am
Editorials Theft of FBR tax revenue EDITORIAL: Is it really a surprise that FBR’s “first-ever electronic tax audit of immovable property” has... Published 23 Dec, 2023 06:16am
Editorials Tax evasion in non-profit sector EDITORIAL: Now that the Federal Tax Ombudsman’s (FTO’s) office has identified “significant gaps” in the... Published 09 Dec, 2023 05:46am
Business & Finance EIGHTEEN projects’ investors refute tax evasion allegations ISLAMABAD: The foreign investors of the real estate projects (EIGHTEEN) on Thursday strongly refuted Punjab Revenue... Published 10 Nov, 2023 03:07am
Pakistan Raid at office of private housing society: PRA unearths tax evasion worth billions of rupees LAHORE: The Rawalpindi Commissionerate of Punjab Revenue Authority (PRA) has unearthed tax evasion worth billions of... Published 09 Nov, 2023 05:38am
Print Shamshad-led task force to introduce tax reforms ISLAMABAD: A task force has been formed for tax reforms, and caretaker Finance Minister Dr Shamshad Akhtar has been... Updated 29 Sep, 2023 03:01pm
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 Tax evasion termed ‘a big threat to economy’ KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ... Published 07 Aug, 2023 06:34am
Satellite photos show Israel hit Iran former nuclear weapons test building, missile facilities, researchers say