Rupee makes gain in open market

KARACHI: The rupee gained 10 paisas against dollar on Saturday in open market owing to inflows of foreign currency. Read more »

Return filers entitled to many reductions, rebate and credits under tax law

ISLAMABAD: Income tax return filers are entitled to various tax reductions, rebates and credits while declaring their income for a tax year, according to a facilitation guide of Federal Board of Revenue... Read more »

FBR identifies undeclared foreign assets of 152,201 Pakistanis

ISLAMABAD: The tax authorities have identified 152,201 Pakistani nationals with undeclared assets abroad, Mohammad Jehanzeb Khan, Chairman, Federal Board of Revenue (FBR) said on Wednesday. Read more »

FBR explains inclusion into ATL for availing tax benefits

ISLAMABAD: Federal Board of Revenue (FBR) has explained the inclusion into Active Taxpayers List (ATL) for availing reduced rates of withholding tax and other benefits. Read more »

Port Qasim Authority praised for successful handling LNG ships

ISLAMABAD: Federal Minister for Maritime Affairs Syed Ali Haider Zaidi on Tuesday appreciated the Port Qasim Authority for strategically handling the docking of the LNG ships at berths. A statement said that... Read more »

Registration of companies crosses 95,000: SECP

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total registration of corporate registration has crossed over 95,000 units following 1,317 new registrations in January 2019. Read more »

FBR withdraws penalty on seven customs officials

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn imposition of penalty on seven customs officials, according to notification issued on Monday. Read more »

Shah Muhammad posted as Member Admin

ISLAMABAD: Federal Board of Revenue (FBR) on posted Shah Muhammad, an officer of Inland Revenue Service (IRS) BS-21 as Member Administration, FBR, Headquarters. Read more »

Pakistan’s import bill declines by 19.14pc in January

ISLAMABAD: Pakistan’s import bill has declined by 19.14 percent to $4.5 billion in January 2019 as compared with $5.57 billion in the same month of the last year, according to official statistics... Read more »

FBR launches Urdu version of Customs Act

ISLAMABAD: Federal Board of Revenue (FBR) has launched the first Urdu Version of the Customs Act, 1969 for the convenience and benefit of the traders and the business community. Read more »

Prices of essential items rise by 13.74 percent for income group above Rs35,000

ISLAMABAD: Prices of essential items have registered increase by 13.74 percent for income group above Rs35,000 for the week ended February 07, 2019 as compared with the ending of same week a... Read more »

ATL-2017 shows 1.824 million active taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) has received 1.824 million income tax returns for tax year 2017 by week ended February 10, 2019, according to weekly Active Taxpayers List (ATL) released on... Read more »