Pakistan Revenue
ISLAMABAD: The Federal Board of Revenue (FBR) has exempted regulatory duty at the rate of 45 per cent on import of pine nuts (chilgoza) from Afghanistan. The FBR issued SRO 181(I)/2022 dated February 22, 2022 to allow the exemption. Through the latest SRO, the FBR amended the SRO 840(1)/2021 dated June 30, 2021. The FBR […]
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The Trade Information Portal of Pakistan (TIPP) is the single-stop point for all information relating to import and export. The TIPP is hosted by the Pakistan Single Window Company on behalf of all the Government agencies involved in the import/export process. On this portal, traders will be able to get information about all the regulatory […]
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ISLAMABAD: The intelligence and investigation (I&I) agency of Pakistan Customs has impounded a huge quantity of smuggled fabric while conducting a raid in a market located in Islamabad. The Federal Board of Revenue (FBR) in a statement on Sunday said that the Directorate of Intelligence and Investigation, Rawalpindi while building further on the incessant drive […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has recorded a decline of 40 per cent in sales tax (ST) collection on petroleum (POL) products during the first half of the current fiscal year, according to official documents made available to PkRevenue.com According to the official statistics, the collection of sales tax fell to Rs69 billion […]
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ISLAMABAD: Model Customs Collectorate (MCC) Gwadar has seized huge quantity of methamphetamine in an operation against smugglers at Ormara, a statement said on Saturday. In continuation with FBR’s policy of crackdown against the menace of narcotics/drugs, Collectorate of Customs, Gwadar again in an intelligence based operation on 17.02.2022 seized 7.5 kg of high quality methamphetamine/ […]
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ISLAMABAD: The share of sales tax has increased to 43.7 per cent in total federal tax collection during first half (July – December) of current fiscal year (1HFY22) as compared with 41.6 per cent in the same half of the last fiscal year. According to biannual report issued by the Federal Board of Revenue (FBR) […]
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Prime Minister Imran Khan on Friday said the government has reduced taxes and duties on petroleum products to ease inflationary pressure. The Prime Minister Imran Khan said Pakistan has been put on right course with record exports, tax collection and remittances by the expatriates. READ MORE: Pakistan’s sensitive price inflation jumps up 18% Addressing a […]
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ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) jumped up by 18 per cent by week ended February 17, 2022 as compared with the same week a year ago. According to data released by Pakistan Bureau of Statistics (PBS) on Friday, the year on year trend depicts an increase of 18.09 per cent, in […]
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The Federal Board of Revenue (FBR) has officially extended the deadline for filing monthly sales tax returns up to February 25, 2022. The extension applies specifically to the tax period of January 2022.
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ISLAMABAD: Pakistan has spent Rs217 billion to import mobile phones during first seven months (July – December) 2021/2022, according to data release by Pakistan Bureau of Statistics (PBS). The import of mobile phones grew by 17.25 per cent when compared with Rs185 billion in the first seven months of the fiscal year 2020/2021. READ MORE: […]
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