Islamabad, Mar 27, 2025: The Federal Board of Revenue (FBR) has taken decisive action against tax evasion by shutting down three high-end watch stores in Karachi. These businesses were found …
FBR
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Islamabad, March 26: The National Assembly Standing Committee on Commerce on Tuesday expressed concerns over the backlog of more than 1,000 containers at the ports due to modifications in the …
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Business
FBR Establishes Classification Centre to Settle Customs Disputes
by Hamza Irshadby Hamza IrshadIslamabad, Mar 25, 2025: The Federal Board of Revenue (FBR) has set up a dedicated “Classification Centre” to address long-standing customs classification disputes between importers and the customs department. The …
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Finance Ministry to Hire Professionals for Tax Policy Office
by Umar Sohailby Umar SohailISLAMABAD, March 25: Ministry of Finance is recruiting six professionals to help operationalize the newly established Tax Policy Office (TPO), which will directly report to the finance minister. This move …
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Businessmen Asks to Cut GST Rate for Next Budget
by Umar Sohailby Umar SohailIslamabad, March 25: The Pakistan Business Council (PBC) is advocating for a reduction in the Goods and Services Tax (GST) rate as part of the FY26 Budget proposals. They suggest …
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Islamabad, Mar 24, 2025: The upcoming Finance Bill (2025-26) is set to introduce a fresh registration scheme for shopkeepers and traders, replacing the unsuccessful Tajir Dost Scheme. The Federal Board …
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Islamabad, Mar 23, 2025: Prime Minister Shehbaz Sharif chaired a high-level meeting on Saturday to assess the performance of the Federal Board of Revenue (FBR) following his return from Saudi …
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Islamabad, Mar 23, 2025: The Directorate General of Customs Valuation Karachi has revised the customs values for the import of Safety Pins, Paper Pins, and Scarf Pins (Low-End Brands) from …
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IMF Gives Consent to 2% Cut in Tax on Property Buyers
by Umar Sohailby Umar SohailIslamabad, March 22: The International Monetary Fund (IMF) has agreed in principle to grant partial relaxations to the Federal Board of Revenue’s (FBR) request to lower the Withholding Tax (WHT) …
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No Hurdle in Staff Level Agreement with IMF; Finance Minister
by Umar Sohailby Umar SohailISLAMABAD, March 22: Finance Minister Muhammad Aurangzeb has expressed confidence that Pakistan will soon receive positive news from the International Monetary Fund (IMF), stating that negotiations are in the final …