Any person can takeover imported goods by offering higher customs value

KARACHI: In order to prevent under-invoicing and mis-declaration the customs authorities have powers to accept offer from any person to allow clearance at higher value than the declared by an importer for... Read more »

Persons not required filing income tax return, wealth statement

KARACHI: There are classes of persons who are not required to file annual income tax returns and wealth statement for tax year 2019. Read more »

FBR issues 60,000 notices to Faisalabad industrial, commercial electricity consumers

ISLAMABAD: Federal Board of Revenue (FBR) has issued 60,000 notices to commercial and industrial electricity consumers for mandatory registration and filing of income tax returns. Read more »

Prime Minister inaugurates 24X7 Torkham Terminal to boost Pak-Afghan trade

PESHAWAR: Prime Minister Imran Khan on Wednesday inaugurated 24X7 crossing terminal at historic Torkham border which will help bolster bilateral trade Pakistan and Afghanistan. Read more »

Stock market ends down by 353 points on easing international oil prices

KARACHI: The stock market fell by 353 points on Wednesday on easing oil prices in international market. Read more »

Rupee gains 8 paisas on inflows

KARACHI: The Pak Rupee gained eight paisas against dollar on Wednesday owing to inflows of export receipts and workers remittances, dealers said. Read more »

Foreign direct investment falls by 58.4pc in July – August

KARACHI: The inflow of foreign direct investment (FDI) has declined 58.4 percent in the first two months of current fiscal year, according to data released by State Bank of Pakistan (SBP) on... Read more »

NCCPL announces 100 percent higher tax collection from investors not on ATL

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Wednesday informed investors of Pakistan Stock Exchange (PSX) that tax rate on capital gain will be 100 percent higher for those not appearing... Read more »

SECP makes tax return filing compliance certificate mandatory for companies

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has made mandatory for companies to submit certificate of income tax returns. Read more »

FBR sets up information booth at ITCN Asia

KARACHI: Federal Board of Revenue (FBR) has setup an informative booth for ease of doing business at ITCN Asia Expo 2019 to be continued September 17-19 at Karachi Expo Center. Read more »

OGDCL announces oil, gas discovery in Khyber Pakhtoonkhwa

KARACHI: Oil and gas Development Company Limited (OGDCL) on Tuesday announced discovery of oil and gas at Chanda Well#5 located at Kohat District,Khyber Pakhtoonkhwa province. Read more »