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BUSINESS
CCP imposes Rs 44 billion fine on sugar industry for “collusion”
ISLAMBAD: The Competition Commission of Pakistan (CCP) has imposed a fine of Rs 44 billion on industry for what it noted in its decision 'Collusion for jacking -up sugar prices".
The commission said it considered all aspects of the case…
FBR increases deemed price of steel, billet
ISLAMABAD:In the wake of increased prices of steel products in the domestic & international markets, Federal Board of Revenue (FBR) has increased the minimum prices of steel products vide SRO 985 dated 4th Aug, 2021.
Last time the…
PSMA refutes AGP report as unrealistic
ISLAMABAD: Pakistan Sugar Mills Association (PSMA) refuted the content of the Auditor General of Pakistan (AGP) report on sugar crisis.
PSMA chairman, Iskander Khan, responding to AGP report said it is a misperception that export was a…
FBR holds online awareness session on benami law
ISLAMABAD: As a part of awareness campaign under the directions of director general anti-benami initiative, Islamabad, the Commissioner Inland Revenue/Approving Authority, Anti-Benami Initiative, Zone-III, Karachi has conducted an online…
Tobacco industry using celeberties to mislead youth: PANAH claims
ISLAMABAD: Sana Ullah Ghumman, general secretary and director operations, Pakistan National Heart Association (PANAH), has said the tobacco industry misleads policymakers in the name of generating more revenue than others. He said showbiz…
FBR to deny input tax to non-integerated retailors
ISLAMABAD: The Federal Board of Revenue (FBR) in its drive to integrate Tier-1 retailers across the country, has issued Sales Tax General Order No.1 of 2021 by which a system-based approach is being adopted to integrate non-integrated…
FBR maintains momentum: Collects Rs 413 billion in July
ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday released the provisional revenue collection figures for July, 2021.
According to the provisional information, FBR collected net revenue of Rs. 413 billion during July, 2021,…
Business community appreciates FBR initiatives for ease of doing business
ISLAMABAD: Chairman, Federal Board of Revenue Asim Ahmad met with President, Sarhad Chamber of Commerce and Industry Sherbaz Bilour here at FBR Headquarter on Friday.
President, Sarhad Chamber of Commerce and Industry appreciated FBR’s…
FBR takes steps for ease of doing business, taxpayers facilitation
ISLAMABAD: The Federal Board of Revenue
(FBR) has launched single identifier number for all domestic taxes.
Under this initiative a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise duty by mere use…
