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BUSINESS
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…
Revenue collection shows robust growth of 14 percent
IDLAMABAD: The Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the first ten months of current fiscal year.
According to the provisional information, FBR has collected net revenue of Rs.3780…
Dr Waqar gets assignment of SAPM on Finance too
ISLAMABAD: Prime minister, Imran Khan, on Thursday assigned additional responsibility of his special assistant on Finance to Dr Waqar Masood Khan.
Dr Khan, a man having lifelong experience in managing the economic affairs of Pakistan,…
Pakistan move forward as FBR introduces WeBOC system for cargos scanning
ISLAMABAD: The Federal Board of Revenue’s Pakistan Customs Wing has introduced a new automated process in WeBOC system for scanning of containerized import consignments of industrial raw materials for their speedy clearance at ports.…
Sugar turns sourer to bite consumers as rates go up further
ISLAMABAD: The government had announced in recent past that sugar will be available to the consumers at Rs 80 , but its announcement proved a nausty joke as the commodity price has gone up to Rs 110 a kg.
Market survey conducted by…
