Hafeez Shaikh reviews proposed amnesty scheme

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs on Sunday reviewed the proposed tax amnesty scheme with officials of Federal Board of Revenue (FBR). Read more »

Car import plunges by 80 percent on payment in foreign exchange condition

KARACHI: The import of completely built unit (CBU) cars has sharply declined by 80 percent in March 2019 owing to mandatory requirement of paying duty and taxes through foreign exchange. Read more »

Essential items’ prices inflate for three consecutive weeks in April

ISLAMABAD: The prices of essential items have shown increase for the third consecutive week in the current month indicating the high headline inflation for April 2019. Read more »

Sales Tax Act 1990: FBR may appoint special panels for audit

KARACHI: Federal Board of Revenue (FBR) has been empowered under sales tax law to appoint special audit panels for conducting audit of any registered person. Read more »

FTO takes suo moto notice in concealing income in garb of agriculture tax, Iranian oil sale

ISLAMABAD: Federal Tax Ombudsman (FTO) has taken suo moto notice and initiated investigation in open sale of Iranian oil in Balochistan and tax evasion in the garb of agriculture tax. Read more »

Official website still showing Asad Umar as finance minister

KARACHI: The official website of ministry of finance http://finance.gov.pk/ is still showing Asad Umar as Finance Minister despite the assumption of charge by Dr. Abdul Hafeez Shaikh as adviser to prime minister... Read more »