FBR
IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
Govt May Scrap FED on Property Transfers Amid Industry Concerns
ISLAMABAD: The federal government is considering removing the Federal Excise Duty (FED) on the transfer of plots and commercial properties due to low revenue generation…
FBR Turns a Blind Eye as Wateen Telecom Ltd Issues Reduced Tax Certificates
ISLAMABAD: The Federal Tax Ombudsman (FTO) has uncovered a new form of suspicious activity involving Wateen Telecom Ltd, which has been issuing fewer tax deduction…
General Public Being Deceived Through Fraudulent Real Estate Investment Schemes
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has been receiving complaints on a continuous basis from individuals, especially senior citizens, who have been…
PTA Advises Buyers to Verify FBR Tax Compliance Before Purchasing Mobile Devices
Islamabad: The Pakistan Telecommunication Authority (PTA) advises all consumers to verify the tax payment status of mobile devices before making any purchase. Buyers must ensure…
Fraud Halted in Faceless Clearance System as Customs Suspends 45 Licenses
Pakistan Customs has prevented an effort to manipulate the recently implemented Faceless Customs Assessment System (FCAS), which allows for expedited and high-quality evaluations. Such an…
Massive Corruption Scandal Exposed in Solar Panel Imports Involving Dubai Islamic Bank
Islamabad: A Senate subcommittee on Finance has unearthed a staggering multi-billion-rupee corruption scandal tied to solar panel imports. The investigation revealed massive over-invoicing and dubious…
FBR Chairman Discloses That Only 12 Pakistanis Declare Wealth Above Rs10 Billion
Rashid Langrial, Chairman of the Federal Board of Revenue (FBR), disclosed an eye-opening fact during a National Assembly subcommittee meeting only twelve Pakistanis reported assets…
Senate Committee to Review Digital Nation Pakistan Bill on January 27
Islamabad: The Senate Standing Committee on Information Technology is set to deliberate on the Digital Nation Pakistan Bill on Monday, January 27, 2025. The meeting,…
QR Code Payment System in Pakistan Faces FBR-Induced Delays
ISLAMABAD: Dr. Inayat Hussain, the Deputy Governor of the State Bank of Pakistan (SBP), informed the Senate Standing Committee on Finance on Wednesday that the…
OGRA Introduces GIS-Based ‘Raahguzar’ App to Tackle Illegal Fuel Stations in Pakistan
The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Federal Board of Revenue (FBR) and the Oil Companies Advisory Council (OCAC), has launched…
Govt to Double Tax on Offshore Digital Services, Enforce Stricter Fraud Penalties
ISLAMABAD: The federal government is planning major revisions to the Tax Laws Amendment Bill 2024. These changes propose a 20% income tax on foreign online…
Textile Exports Surge 9.67% to Hit $9.08 Billion in H1 FY25
Pakistan Bureau of Statistics (PBS) data shows that exports of textile goods from Pakistan climbed by 9.67% in the first half of fiscal year 2024-25,…
