Car import surges by 180 percent

KARACHI: The import of motor cars has increased by 180 percent during first two months of current fiscal year due to normalization of life after lifting of corona lockdown. The import of... Read more »

Mobile phones worth Rs51.24 billion imported in July – August

KARACHI: The country has imported mobile phones worth Rs51.24 billion during first two months of current fiscal year due to rising digital services in the wake of coronavirus pandemic. The import of... Read more »

Textile exports fall to $2.28bn in July-August

KARACHI: Textile exports have fallen by one percent to $2.28 billion during first two months of current fiscal year as compared with $2.3 billion in the corresponding period of the last fiscal... Read more »

71pc return filing companies declare income below Rs500,000

ISLAMABAD: Federal Board of Revenue (FBR) has said that around 71 percent return filing corporate entities have declared income less than Rs500,000. According to director for tax year 2018 issued by the... Read more »

Iran ready for barter trade with Pakistan

KARACHI: Iran is ready for barter trade with Pakistan to strengthen the economic ties between the two neighboring countries. Iranian Consul General Reza Nazeri has stressed the need for strengthening trade ties... Read more »

Highest number of returns filed by persons below threshold income

ISLAMABAD: The Federal Board of Revenue (FBR) has issued analysis of income tax returns by categories of taxpayers for tax year 2018. It shows the highest number of returns was filed by... Read more »

Salaried persons share 42 percent in total return filing

ISLAMABAD: Salaried persons have shared 42.12 percent of total income tax return filing with the Federal Board of Revenue (FBR), and they are second largest contributors in return filing after non-salaried individuals.... Read more »

Weekly Review: MPS to move stock market

KARACHI: The State Bank of Pakistan (SBP) is scheduled to issue monetary policy statement (MPS) on September 21, 2020 which will move the stock market during the next week. Analysts at Arif... Read more »

Pakistan Customs makes seizures of Rs10.36bn in 2 ½ months

KARACHI: Pakistan Customs has accelerated operation against smuggling and non-duty paid items and made seizure of goods and vehicles valuing Rs10.36 billion during two and a half months of the current fiscal... Read more »

TAX DIRECTORY: FBR issues details of tax payment by members of upper, lower houses

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued the tax directory for tax year 2018 disclosing the payment of tax made by members of upper and lower houses. Dr. Abdul Hafeez... Read more »