The Directorate General of Customs Valuation, Karachi, has upward revised customs values on the import of iron and steel scrap.… Read More
FBR to Expedite Sales Tax Recovery With a New Method
To expedite recovery of sales tax from defaulters, the Federal Board of Revenue (FBR) has empowered its Inland Revenue (IR)… Read More
FATF Announces Its Decision on Pakistan’s Greylist Status
The Financial Action Task Force (FATF), on Thursday, decided to keep Pakistan on the greylist for another four months till… Read More
Moody’s Expects Pressure on Profits for Pakistani Banks in 2021
Pakistani banks report strong 2020 profit growth despite pandemic and rising provisions, says Moody’s Investors Services. Moody’s in its latest… Read More
Inland Revenue Offices to Remain Open on 27th February to Facilitate Taxpayers
The Federal Board of Revenue (FBR) on Thursday directed all Inland Revenue field formations to remain open and observe the… Read More
Maple Leaf Cement Reports Highest Quarterly Profits in 2.5 Years
Maple Leaf Cement Factory Limited’s (MLCF) announced its financial results for the half-year ended December 31, 2020. The cement maker… Read More
NBP Records Highest Ever Profit in 2020
The National Bank of Pakistan (NBP) witnessed a tremendous business year in 2020 with its highest-ever profit of Rs. 30.6… Read More
Taxes on Imported Mobile Phones Will Now be Based on This FBR List
Directorate General of Customs Valuation (DGCV) Karachi has upward revised customs values on the import of different kinds of mobile… Read More
OGDCL’s Profits Decline by 20.5% in H1FY21
Oil & Gas Development Company Limited (OGDCL) posted a profit after tax of Rs. 42.2 billion for the six months… Read More
PPRA Directs FBR to Complete its Procurement Proceedings
Public Procurement Regulatory Authority (PPRA) directed the Federal Board of Revenue (FBR) to complete its procurement proceedings including those of… Read More
FBR Reduces WHT on Commercial Import of Sugar
The Federal Board of Revenue (FBR) will collect a reduced rate of 0.25 percent withholding tax on commercial import of… Read More
FBR Asked to Abolish the Condition of CNIC on Sales in Next Budget
Business and trade bodies have strongly recommended the Federal Board of Revenue (FBR) to abolish the computerized national identity card… Read More
