New sales tax order mandates clear retail price and tax display on Third Schedule goods to curb tax evasion
(more…)Author: Hamza Shahnawaz
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Apple Reportedly Orders 10 Million Foldable iPhone Ultra Units
Apple has reportedly placed an order for around 10 million units of its first foldable iPhone, widely expected to be called the iPhone Ultra, as the technology giant prepares for its next flagship smartphone launch later this year.
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Rockstar Names PlayStation 5 the Best Console for GTA 6
Rockstar Games has identified the PlayStation 5 as the preferred platform for playing Grand Theft Auto VI (GTA 6), as the studio ramps up marketing efforts ahead of the game’s highly anticipated launch later this year.
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Instagram Edits Introduces Bilingual Captions, Editing Features
Instagram has rolled out a fresh update for its video editing app Edits, introducing bilingual captions and several new creative tools as Meta continues to expand features aimed at content creators.
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Gold Traders Asked to Pay 30% Higher Income Tax Than Last Year
FBR and jewellers agree to strengthen tax compliance and establish liaison representatives at Regional Tax Offices
KARACHI: Gold traders across Pakistan have been advised to pay 30% higher income tax than the previous year as part of efforts to improve tax compliance following discussions between the jewellery industry and the Federal Board of Revenue (FBR).
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TRG Pakistan loses US injunction bid against former CEO, weighs appeal
New York court declines fresh injunction request, while earlier ruling in TRG Pakistan’s favor remains in force
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FBR grants Rs1.56bn sales tax exemptions on gold imports
Tax Expenditure Report 2026 highlights exemption under Entrustment Scheme to support value-added jewellery exports
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PM Shehbaz Sets FBR Revenue Target Above Rs15 Trillion for FY2026-27
Prime minister lauds record tax collection of Rs12.957 trillion and orders further digital reforms at FBR
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday set a revenue collection target of more than Rs15 trillion for the Federal Board of Revenue (FBR) in fiscal year 2026-27 after the tax authority achieved a record collection during the previous financial year.
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PTA Rejects Fake Notification on Mobile Phone Tax Instalments
Regulator says only the FBR has authority to assess and collect taxes on imported mobile phones
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Thursday rejected a fake notification circulating on social media that falsely claims taxes on imported mobile phones can now be paid in instalments.
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Pakistan’s Trade Deficit Hits Four-Year High of $4.5 Billion in June 2026
Imports surge 26% while exports decline 10%, widening external trade gap to highest monthly level in four years
ISLAMABAD: Pakistan’s trade deficit widened sharply to $4.5 billion in June 2026, marking the highest monthly shortfall in four years as imports surged while exports declined, according to the latest trade data.
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