Import of mobile phones surges by 106% to Rs96.33 billion in first half

KARACHI: Pakistan has imported mobile phones worth Rs96.33 billion, showing an increase of 106 percent during first half (July – December) of 2019/2020. Read more »

Draft return, wealth statement forms for traders finalized

ISLAMABAD: Federal Board of Revenue (FBR) has finalized simple income tax return and wealth statement for small traders, sources said on Sunday. Read more »

FBR starts phasing out final tax regime

ISLAMABAD: Federal Board of Revenue (FBR) has started phasing out final tax regime for an equitable taxation system. Read more »

Experts suggest wheat import to discourage hoarding

KARACHI: The government should allow import of wheat in order to discourage hoarding and check price hike in local market, commodity experts said on Saturday. Read more »

Immigration delays seven international flights at Lahore airport

KARACHI: At least seven international flights on Saturday witnessed delays at Lahore airport due to shortage of staff at immigration counter. Read more »

Sales tax rate on services provided by property developers

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 under which 13 percent sales tax is applicable on services rendered by property developers. Read more »