SITE Association hails FBR chairman’s no bank account freezing decision

KARACHI: SITE Association of Trade and Industry on Friday hailed the very first decision by Shabbar Zaidi after assuming the charge as the chairman of Federal Board of Revenue (FBR) regarding curtailing... Read more »

Overseas Pakistanis send $17.87 billion in 10 months

KARACHI: Overseas Pakistanis have sent remittances worth $17.875 billion during first ten months (July – April) 2018/2019, which is 8.45 percent higher when compared with remittances in the same period of the... Read more »

Younus Dagha assigned additional charge of secretary revenue division

ISLAMABAD: The federal government has assigned additional charge of secretary revenue division to Muhammad Younus Dagha, who is already serving as Secretary Finance. Read more »

No bank account freezing without informing taxpayer: FBR chairman

ISLAMABAD: Shabbar Zaidi, the newly appointed chairman of Federal Board of Revenue (FBR), has issued instructions to field formation that bank account will not be frozen without prior information to taxpayers. Read more »

FBR imposes penalty on lady customs officer for inefficiency, misconduct

ISLAMABAD: Federal Board of Revenue (FBR) has imposed penalty of withholding two annual increments on lady customs official for inefficiency and misconduct. Read more »

Equity market ends down by 171 points on concerns over cost of doing business

KARACHI: The equity market fell by 171 points on Friday owing to reports of IMF deal and its repercussions on cost of doing business. Read more »

Rupee eases in interbank foreign exchange market

KARACHI: The Pak Rupee fell by one paisa against dollar on Friday amid sufficient inflows of export receipts and remittances. Read more »

Imposition of digital tax at 30 percent proposed

KARACHI: Federal Board of Revenue (FBR) has been proposed for imposing digital tax at 30 percent in the budget 2019/2020. Read more »

MCC Appraisement East announces auction of vehicles, goods on May 13

KARACHI: Model Customs Collectorate (MCC) Appraisement East announced auction of fresh lots of goods and vehicles to be held on May 13, 2019 at Pak Shaheen Container Terminal. Read more »

PBC presents tax proposals for reducing cost of doing business

KARACHI: Pakistan Business Council (PBC) has suggested measures for reducing cost of doing business and promoting manufacturing and industrialization. Read more »