FBR envisions expanding sales tax net to 400,000 people in three years

ISLAMABAD: The Federal Board of Revenue (FBR) has set a target to increase sales tax base up to 400,000 people in the next three years...

FBR to tighten noose on smuggled goods from 1st

ISLAMABAD: As per the instructions of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the board has initiated a phased programme to combat the sale...

Pakistan’s trade balance improves 19pc in one year

ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year. "The country's...

Trade deficit shrinks 29pc in July

The trade deficit has contracted by 29pc in the first month of this fiscal year, with the government claiming this fall represents their move...

SBP reserves jump $535m to $8.26bn

ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million as on...

Pharmaceuticals may turn to Chinese raw material as tensions with India soar

Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied by India...

Production of light commercial vehicles drops 16.19pc

ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19, as against...

‘Govt committed to reducing business regulations’

ISLAMABAD: World Bank Country (Pakistan) Director Patchamuthu Illangovan called on Adviser to Prime Minister on Commerce Abdul Razak Dawood to deliberate on issues pertaining...

Textile exports increase 3.12pc in July

ISLAMABAD: The textile exports from the country witnessed an increase of 3.12pc during the first month of the current financial year (July-FY20) as compared to...

Zong becomes first telco to conduct successful 5G trials in Pakistan

China Mobile Pakistan (CMPak), popularly known as Zong, has successfully conducted 5G trials in Pakistan, a press release issued by the company said. With this,...

Govt to finally table Geographical Indication Bill in NA

The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced in the...

PR retrieves 383 acres of land in one year

ISLAMABAD: Pakistan Railways has retrieved around 383 acres of land worth Rs30 billion through various anti-encroachment operations during the last fiscal year (FY19). PR recovered 38km...

Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

Govt to operationalise special economic zones soon

ISLAMABAD: The federal government, in coordination with the provinces, would soon operationalise special economic zones and export processing zones across the country to attract foreign...

Communications ministry sees 52pc growth in revenue

ISLAMABAD: The Ministry of Communications has registered over 52 per cent increase in its annual revenue during the first year of the Pakistan Tehreek-e-Insaf...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

PIA hikes UAE fares

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FBR seeks Pakistanis’ Iqama details from UAE

Tax authorities have sought details from the United Arab Emirates (UAE) of Pakistanis who have obtained Iqama (work permit) from the Arab country in...