FBR threatens terminating tax treaty with UAE

ISLAMABAD: Federal Board of Revenue (FBR) has threatened to terminate avoidance of double tax treaty with the United Arab Emirates (UAE) for not sharing information of Pakistanis having assets in that country. Read more »

KTBA proposes steps for exports growth without revenue loss

KARACHI: Karachi Tax Bar Association (KTBA) on Monday proposed steps to the Federal Board of Revenue (FBR) for the exports growth without any negative implications to the tax revenue. Read more »

FBR issues draft rules for movement of international transshipment cargo

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued draft rules for the movement of international transshipment cargo through any sea port in Pakistan. Read more »

Stock market falls by 289 points in narrow range trading

KARACHI: The stock market fell by 289 points on Monday owing to narrow range trading activity. Read more »

Rupee gains 10 paisas on improved inflows

KARACHI: The Pak Rupee maintained gain against dollar and appreciated by 10 paisas on Monday owing to improved economic indicators. Read more »

Banks to provide details of persons receiving profit on debt

ISLAMABAD: Banks will provide certain information of persons receiving profits on their deposits to the Federal Board of Revenue (FBR) after amendment in the tax rules, sources said on Monday. Read more »

FBR advised adopting zero tolerance policy against delaying taxpayers’ applications

ISLAMABAD: Federal Tax Ombudsman (FTO) has suggested the Federal Board of Revenue (FBR) to adopt zero tolerance policy against delaying processing of taxpayers’ applications. Read more »