The government has moved a summary for the approval of a petrol subsidy for motorcyclists and small vehicle owners to… Read More
FBR Issues SOPs for Smuggled/Non-Custom Paid Vehicles
The Federal Board of Revenue (FBR) has issued an exhaustive standard operating procedure for the interception of suspected smuggled/non-custom paid… Read More
Govt to Amend Tax Laws and Allow Supply of Thar Coal to Industry
The Prime Minister’s Office has ordered the Federal Board of Revenue (FBR) to amend the Income Tax Ordinance in the… Read More
World Bank Urges Pakistan to Simplify its Tax Regime and Increase Revenue Potential
Pakistan’s tax system needs a well-structured overhaul that simplifies its provisions, closes loopholes, and ensures an equitable distribution of the… Read More
FTO Urges FBR to Recover Rs. 5.5 Billion Sales Tax From Steel Melters/Re-Rollers
Federal Tax Ombudsman (FTO) Friday urged upon the Federal Board of Revenue (FBR) to overcome the huge revenue shortfall in… Read More
Bank of Punjab Considers Conversion to Full-Fledged Islamic Bank
The management of the Bank of Punjab is mulling over an option to convert the banking institution to a full-fledged… Read More
FBR Yet to Install Foolproof System to Avoid Foreign Currency Thefts At State Warehouses
The Federal Board of Revenue (FBR) has yet to implement a foolproof system to check cases of foreign currency theft… Read More
FBR’s Customs Committee Slaps 20% Duty on Import of Tea Whiteners
The customs classification committee of the Federal Board of Revenue (FBR) has imposed 20 percent customs duty on the import… Read More
Mari Petroleum and OPI Ink Gas Processing Contract for Shewa-1 Well in Waziristan
Mari Petroleum Company Limited (MPCL) and Orient Petroleum Inc (OPI) have entered into a Gas Processing Contract for the provision… Read More
Avanceon Sells Partnership Interest in US-based Entity to Octopus Digital for $1.5 Million
Avanceon Limited (PSX: AVN) has sold and transferred its partnership interest in Avanceon LP, a limited partnership in Pennsylvania, to… Read More
Govt Expedites Amendments to Toshakhana Bill
The Senate Standing Committee on Cabinet Secretariat on Wednesday while taking up the bill on the Toshakhana (Management and Regulation… Read More
Zakat Collection Controlling Agencies Refuse Audit Despite PAC Order
A meeting of the Public Accounts Committee (PAC) was held under the chairmanship of Member of National Assembly (MNA) Noor… Read More
