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BUSINESS
Mafia rules; Imran government adds Rs 150 billion to PSM losses, taking accumulative losses,…
ISLAMABAD: Imran government has added another Ra 150 billion to Pakistan Steel Mills (PSM) losses through keep on protecting a powerful mafia of steel importers by ensuring huge tariff differential to make products of PSM non - competitive.…
British Virgin Island High Court Unfreeze PIA Assets
Roosevelt Hotel in Manhattan, New York, and Scribe Hotel in Central Paris were attached to the case by the court which meant PIA could not sell the two hotels.
Single window program spending very much online
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a clarification on the news that Revenue Division could only spend Rs. 10,300/- on Single Window Program out of allocated Rs 200 million funding in the last ten months.
FBR has…
FBR : I&I, IR unearth tax evasion in Lahore
ISLAMABAD: The Directorate of Intelligence & Investigation (IR), Lahore on receipt of credible information related to sales tax fraud carried out action under Section 38 read with Section 40 of the Sales Tax Act, 1990 against M/s.…
Ahsan Iqbal caused Rs 3 billion loss on NSC; NAB says
ISLAMABAD Justice Javed Iqbal, Chairman NAB chaired a meeting to review the performance of NAB Rawalpindi at NAB Headquarter. Hussain Asghar, Deputy Chairman NAB, Syed Asghar Haider, Prosecutor General Accountability (PGA), Zahir Shah, DG…
FBR issues clarification on excessive duty, taxes on mobile phone sets
ISLAMQBAD: Thr Federal Board of Revenue (FBR) has issued a clarification on the aired news about excess charging of customs duties and taxes on mobile phones.
It clarified on Friday that recently, in a meeting with PTA, it transpired…
FBR introduces online hearing of tax audit and assessment cases
ISLAMABAD: The Federal Board of Revenue (FBR) has launched the software of electronic hearing of tax audit and assessment cases to facilitate the taxpayers.
This has been done by enabling and functionalizing the e-Hearings module in the…
Exports facilitation; Customs field formations to remain open till May 11
ISLAMABAD: In order to facilitate exports and other trade activities, Federal Board of Revenue’s Customs Wing has issued instructions to all Customs field formations to work as normal working days on 8th, 10th and 11th of May, 2021. State…
FBR extends deadline for payment, submission of ST, FED returns
ISLAMABAD: Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and Federal Excise Return for the Tax period of April, 2021 under Section 74 of the Sales Tax Act, 1990 and Section 43 of the Federal…
FBR chairman inaugurates anti benami adjudicating authority secretariat
IDLAMABAD; Federal Board of Revenue (FBR) chairman inaugurated the Secretariat of anti-benami adjudicating authority here.
On this occasion, anti-benami adjudicating authority Muhammad Ali, Member FATE & Director General Anti…
