IR officers barred from suspending registration, raiding business premises of tax defaulters

ISLAMABAD: The offices of Inland Revenue have been barred from taking harsh action against tax defaulters such as suspending registration and raiding business premises on suspicions of tax evasion. Read more »

Federal cabinet approves money whitening scheme

ISLAMABAD: The federal cabinet on Tuesday approved a scheme to whiten money through declaration of concealed / hidden assets. Read more »

FPCCI invites FBR chairman for budget proposals discussions

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has invited Shabbar Zaidi, Chairman of Federal Board of Revenue (FBR) to discuss budget proposals. Read more »

Stock market eases amid buying activities

KARACHI: The stock market ended down 15 points on Tuesday despite last hour buying activities. Read more »

Rupee maintains level against dollar

KARACHI: The Pak Rupee maintained level against dollar on Tuesday in range bound trading activities. Read more »

President asks business community to pay all taxes for curtailing budget deficit

ISLAMABAD: President of Pakistan Dr. Arif Alvi has asked business community to pay all their taxes which will help in curtailing budget deficit and more funds will be available for allocation for... Read more »

FBR advised making declaration of fund source mandatory for foreign remittances

KARACHI: Federal Board of Revenue (FBR) has been advised to make it mandatory the declaration of source of funds for foreign remittances. Read more »

SRB suspends sales tax registration of four freight forwarders

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of four freight forwarders for defaulting payment and non-compliance of filing sales tax returns. Read more »