FBR exempts sales tax on medical goods for COVID prevention, treatment

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday exempted whole of sales tax on import of medical instruments and equipments for prevention and treatment of COVID pandemic. The FBR issued SRO 1257(I)/2020... Read more »

FBR cuts staff strength to half on coronavirus resurgence

ISLAMABAD: Federal Board of Revenue (FBR) on Monday directed all the tax offices to cut the staff (BS-1 to BS-15) by 50 percent with immediate effect in the wake of resurgence of... Read more »

Duty exempted on import of medical equipments for prevention, treatment of COVID

ISLAMABAD: Federal Board of Revenue (FBR) on Monday exempted customs duty, regulatory duty and additional customs duty on import of medical instruments and equipments for prevention and treatment of COVID pandemic. The... Read more »

ECC approves $150 million for COVID vaccine purchase

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved an amount of $150 million for the purchase of the COVID-19 vaccine. Adviser to the Prime Minister on Finance and... Read more »

LTO Karachi takes measures to contain resurgence of coronavirus

KARACHI: Large Taxpayers Office (LTO) Karachi has taken measures to contain the resurgence of coronavirus. In this regard, an advisory has been issued for the staff of LTO Karachi with directives of... Read more »

FBR extends utilization period of input goods under export schemes

ISLAMABAD: Federal Board of Revenue (FBR) has extended the utilization period of input goods under export facilitation schemes up to February 28, 2021 for all three schemes that are Manufacturing Bond, Export... Read more »

Revenue collection plunges by 16 percent during March-June COVID lockdown

ISLAMABAD: Federal Board of Revenue (FBR) has witnessed a sharp decline of 16 percent in revenue collection during four-month period (March – June 2020) as compared with same months of the last... Read more »

Banks approve financing of Rs126bn for employees’ wages of 2,068 businesses

KARACHI: Banks have approved around Rs126 billion under soft loan scheme to 2,068 businesses in meeting financing requirement for salaries and wages in the wake of difficulties faced due to coronavirus pandemic,... Read more »

World Bank approves $500 million to help Pakistan strengthening fiscal management

KARACHI: The World Bank on Tuesday approved $500 million in financing for the Resilient Institutions for Sustainable Economy program (RISE) to help Pakistan strengthen fiscal management. A statement issued by The World... Read more »

FBR exempts duty, taxes on import of Remdesivir

ISLAMABAD: Federal Board of Revenue (FBR) on Monday exempt duty and taxes on import of antiviral drugs for prevention of coronavirus. The FBR issued SRO 557(I)/2020 to exempt income tax on import... Read more »