Sindh governor visits USC outlets to check availability of essential items

KARACHI: Sindh Governor Imran Ismail on Wednesday paid surprise visit to outlets of Utility Stores Corporation (USC) to check the availability of essential items under Prime Minister Relief Package. Read more »

Committee constituted to probe wheat crisis

KARACHI: Prime Minister Imran Khan has constituted a high-level committee to probe wheat / flour crisis and fix responsibility. Read more »

Criminal proceeding initiated in sales tax refunds issuance on bogus invoices

KARACHI: Regional Tax Office (RTO)-II Karachi has initiated criminal proceeding against persons involved in obtaining sales tax refunds on fake and flying invoices. Read more »

Sales tax rate on services provided by laundries, dry cleaners

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 and notified sales tax rate on services provided by laundries and dry cleaners. Read more »

Regulatory duty on cotton import withdrawn

ISLAMABAD: The government has withdrawn 3 percent regulatory duty on import of cotton, a notification said on Tuesday. 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 »

PM to announce tax relief package for traders on January 20

ISLAMABAD: Prime Minister Imran Khan to announce tax incentive package for traders on January 20, 2020, Syed Shabbar Zaidi, chairman of Federal Board of Revenue (FBR) said on Saturday. Read more »

Committee working on providing protection to smart phone manufacturers: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that taxes on imported smart phones have been reduced drastically. Read more »

Tax Amendment Ordinance: 14-year jail, penalty of ten time of value for currency smuggling

ISLAMABAD: The government has introduced very harsh penalties for offence of currency smuggling. The government enhanced the jail term to 14 years for currency smuggling above $200,000 besides ten time of value... Read more »

Mini-budget implemented through presidential ordinance

ISLAMABAD: The government on Wednesday implemented a mini budget through a presidential ordinance making amendments to all duty and tax statutes. Read more »

FBR extends return filing date up to January 31

ISLAMABAD: Federal Board of Revenue (FBR) granted fifth extension for filing income tax return for tax year 2019 up to January 31, 2019. Read more »