Pakistan’s regional exports increase 21.68pc in 7 months: SBP

21/02/2024

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs5.150 trillion from July 2023 to mid-February 2024 against Rs3.973 trillion over...

ANF recovers 631 kg drugs in 15 operations, arrests 12 accused

LAHORE: Anti-Narcotics Force (ANF) while conducting 15 operations across the country managed to recover 631 kg of drugs and arrested...

FCCI proposes separate ministry to produce skilled human resources

FAISALABAD: Engineer Ahmad Hassan, former Vice President and Convener FCCI (Faisalabad Chamber of Commerce & Industry) Standing Committee on R&D,...

FBR revamp gains momentum with digitalization push

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has finalized the project for the digitalization and reorganization of the Federal Board...

Pakistan’s rice exports see major uptick in FY 2023-24

ISLAMABAD: The overall food group exports from Pakistan grew by 57.66%, reaching $4.267bn, while food imports decreased by 21.09%, falling...

Customs values on import of cheese revised vide VR No 1853/2024

KARACHI: Directorate General of Customs Valuation Karachi has issued valuation ruling no 1853/2024 on the import of processed/ grated/shredded/powdered/cream/cheddar cheese...

DG Valuation revises customs value on import of Cannula vide VR No 1852/2024

KARACHI: Directorate General of Customs Valuation Karachi has revised customs values on the import of Cannula/ I.V Catheter from 15...

FBR invites proposals for imposition of customs duty for Budget 2024-25

ISLAMABAD: The Federal Board of Revenue (FBR) has started process of gathering customs duty proposals for the upcoming budget of...

Current Account Deficit declines by 71pc to $1.09b in 7 months: SBP

KARACHI: The Current Account Deficit (CAD) has significantly slid down by 71.2 percent to $1.093 billion during the first seven...

2,651 new companies incorporated in January: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 2,651 new companies in January 2024, showing an increase...

Pakistan’s election outcome highlights risks to new IMF deal: Fitch

ISLAMABAD: The close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s efforts to secure a...

FBR likely to update property valuations based on FTO proposals

ISLAMABAD: The Federal Board of Revenue (FBR) is gearing up to update immovable property valuations, aligning them with fair market...

SHC rejects petition on tax refund claims filed by tractor maker

KARACHI: Sindh High Court (SHC) has rejected the petition on the point of maintainability of the leading tractor manufacturer challenging...

Sargodha Customs seizes smuggled goods worth Rs250m

SARGODHA: In recent developments, a nationwide crackdown on smuggling operations has delivered promising outcomes, marking a substantial decline in illicit...

FTO seeks thorough audit of fake transactions & taxpayers data

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to audit all fake transactions and...

Pakistan’s petroleum imports decline by 12pc in 7 months of FY24

ISLAMABAD: Petroleum group imports witnessed a negative growth of 12.06 percent during the first seven months (July-January) of the current...

FBR to expand tax base with World Bank’s aid

ISLAMABAD: The Federal Board of Revenue (FBR) agreed to expand its tax base by identifying millions of new taxpayers by...

FBR halts issuance of three notifications

ISLAMABAD: The Federal Board of Revenue (FBR) has delayed issuance of three key notifications dealing with the documentation of economy,...

Pakistan automakers lament increase in sales tax