FBR
FBR’s Inaction on Cryptocurrency Could Cost Pakistan Billions, FTO Demands Urgent Reforms
3 min read
Islamabad: The Federal Tax Ombudsman (FTO) has issued a strong reprimand to the Federal Board of Revenue (FBR) over its continued inaction and administrative negligence…
Engro Secures CCP Approval for $563 Million Deal to Acquire Jazz’s Deodar Tower Assets
3 min read
The Competition Commission of Pakistan (CCP) has granted approval for Engro Corporation’s acquisition of Deodar (Pvt.) Ltd., the tower subsidiary of Pakistan Mobile Communications Limited…
Luxury Watch Smuggling Exposed as Cover for Black Money Transfers
2 min read
KARACHI: A major tax evasion and money laundering scheme involving luxury watches has come to light, as smugglers use high-end timepieces to conceal illicit wealth…
NA Committee seeks urgent resolution as 1,000 containers remain stuck under Export Facilitation Scheme
3 min read
Islamabad: The National Assembly Standing Committee on Commerce expressed concern over more than 1,000 containers stuck at the port due to changes in the Export…
IMF Rejects FBR’s Tax Relief Plans for Property, Tobacco, and Beverages
2 min read
ISLAMABAD: The International Monetary Fund (IMF) has denied the Federal Board of Revenue (FBR)’s request to lower taxes on property transactions, contradicting earlier government claims…
Sindh Govt Launches Blockchain-Based Digital Land Record System
3 min read
KARACHI: In a significant stride towards modernizing land management, the Sindh government has introduced a comprehensive digitalization initiative aimed at streamlining property transactions, ensuring secure…
Govt to Launch Digitized Tax Return Forms for Salaried Individuals
2 min read
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has announced that simplified tax return forms for salaried individuals will be introduced by September, ahead…
State Bank of Pakistan Keeps Policy Rate Unchanged at 12% Amid Economic Considerations
5 min read
Defying market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has opted to maintain the policy rate at 12%, citing…
Govt Reassesses Export Facilitation Scheme, Targets $60 Billion in Exports
3 min read
Islamabad: The first meeting of the committee formed by the Prime Minister to review the Export Facilitation Scheme (EFS) was held under the chairmanship of…
FBR Proposes to Reduce Taxes on Real Estate, Beverages and Tobacco Amid Financial Challenges
3 min read
ISLAMABAD: To enhance sales volumes and revenue collection, the Federal Board of Revenue (FBR) has suggested lowering the Federal Excise Duty (FED) on beverages and…
FBR Updates Custom Values for Imported Smartphone LCD Screens
2 min read
KARACHI: The FBR Directorate General of Customs Valuation has announced new duty assessment for mobile phone LCD screens imported from China and Hong Kong. According…
Karachi Customs Updates Valuation for Mobile Phone LCD Screens
2 min read
KARACHI: Karachi’s Directorate General of Customs Valuation has updated the customs values for mobile phone LCD screens imported from China and Hong Kong. The Directorate’s…
Senate Defers Income Tax Amendment Bill 2025 Amid Trade and Transparency Concerns
3 min read
Islamabad: The Senate Standing Committee on Finance and Revenue convened under the chairmanship of Senator Saleem Mandiwalla. The meeting was attended by Senators Farooq Hamid…
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