FBR gives additional powers to IR’s intelligence wing

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday gave additional powers to the Directorate of Intelligence and Investigation (I&I) Inland Revenue. Documents...

Late filers to be included in ATL after payment of surcharge: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that it did not include around 509,000 filers in the Active Taxpayers' List...

GB development suffers amid delay in transfer of federal funds

ISLAMABAD: A simple procedure regarding transfer of development funds from the Center to Gilgit-Baltistan takes up to 40 days mainly due to...

Inflation soars to four-month high in February

The Consumer Price Index (CPI)-based monthly inflation increased to a four-month high of 8.7pc in February 2021 as compared to 5.7pc in...

CAA extends travel restrictions for visitors to Pakistan till March 14

ISLAMABAD: The Civil Aviation Authority on Saturday issued a notification stating that instructions issued on December 31, 2020, regarding standard operating procedures...

Sindh uplift package to be finalised soon: Asad Umar  

HYDERABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar has said the government is committed to finalising the development package...

Pakistan joins Madrid System to protect trademarks in 124 countries

ISLAMABAD: In a major development, Pakistan has formally joined the Madrid System to protect Pakistani trademarks in 124 member countries, making it...

Pakistan to save around $3bn under new LNG deal with Qatar: SAPM

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar said on Friday that Pakistan would save an amount of around...

CCP seeks ex-mill, retail price record from ghee, cooking oil makers

ISLAMABAD: The Competitive Commission of Pakistan (CCP) has sought ex-mill and market retail prices of banaspati and cooking oil from ghee manufacturers. According to...

IMF cuts FBR’s collection target to Rs4.7tr

Revenue target slashed by Rs263bn; FBR now needs Rs1.8tr in four months

OGRA proposes up to Rs7 per litre increase in petroleum prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday recommended the Petroleum Division to increase the price of petroleum products by...

Pakistan to remain on FATF grey list till June

PARIS: Pakistan will remain on the Financial Action Task Force (FATF) grey list for another four months. According to a handout issued by the...

FBR overlooking serious flaws in track & trace award process

ISLAMABAD: The Federal Board of Revenue (FBR) has allegedly committed several irregularities while evaluating applicants’ profiles for installation of the Track and...

Govt secures $1.1bn from ITFC for oil, gas imports

Economic Affairs Minister Makhdum Khusro Bakhtyar on Wednesday witnessed the signing of International Islamic Trade Finance Corporation (ITFC) Annual Financing Plan 2021...

PAC seeks two-year performance audit of Utility Stores Corp

ISLAMABAD: The Public Accounts Committee (PAC) on Wednesday ordered a two-year performance audit of the Utility Stores Corporation (USC). The direction came after...