Latest News

FBR to issue notices to 12000 tax defaulters

PAR Aug 5, 2015 0

KARACHI: The Federal Board of Revenue (FBR) has decided to issue notices to those who are gaining taxable income but avoiding to pay income tax. That...

FBR to recover outstanding dues from ship-breakers

PAR Aug 5, 2015 0

KARACHI: The Federal Board of Revenue (FBR) has decided to tighten its rope around 22 ship breakers who are not paying outstanding dues against them....

Banks seek FBR guidance to deduct WHT from accounts of overseas Pakistanis

PAR Aug 5, 2015 0

ISLAMABAD: Banking authorities have sent a letter to the Federal Board of Revenue (FBR), seeking guidance for deduction of withholding tax from the ac...

Customs Tribunal dismisses Fatima Fertilizer’s appeal against ONO

PAR Aug 5, 2015 0

LAHORE: The Customs Appellate Tribunal Lahore has dismissed the case of Fatima Fertilizers Company against the Order-in-Original of collector of Custo...

FBR Member IT conducts seminar for withholding agents at RTO-Karachi

PAR Aug 5, 2015 0

KARACHI: The Regional Tax Office-Karachi conducted a training seminar at its auditorium to train the withholding agents. Member Information and Techno...

Pakistan Customs officials to attend Border Liaison Committee meeting in India

PAR Aug 5, 2015 0

LAHORE: Pakistan customs officials left for India to attend 19th Customs Border Liaison Committee (CBLC). According to details, Central region Chief...

Customs Appraisement East collects Rs 22.575b in July

PAR Aug 5, 2015 0

KARACHI: The Model Customs Collectorate MCC-Appraisement East has collected Rs 22.575 billion in the first month of the new fiscal year 2015-2016....

Troubling trends in exports

PAR Aug 5, 2015 0

Industrialized countries guard their exports very jealously. South Korea’s exports had been shrinking for the past six months mainly on the back of a...

Textile protest: APTMA puts off August-7 strike

PAR Aug 5, 2015 0

All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has deferred the August 7 strike announced by the textile industry for a month aft...

Pakistan Weather Forecast Updates 4th August 2015

PAR Aug 5, 2015 0

Weather Advisory For Farmers 1st to 10th August 2015 Rain Forecast Punjab Mainly hot and dry weather is expected in most parts of the Punjab ho...

SBP has revised down the markup rate

PAR Aug 4, 2015 0

KARACHI: The State Bank of Pakistan (SBP) has revised down the markup rate for exporters availing financing facilities under Export Finance Scheme (EF...

Successful turnaround of Pakistan’s economy

PAR Aug 4, 2015 0

Bank Managing Director Sri Mulyani Indrawati has said that confidence of the public and private sector in Pakistan has been restored, and the bank con...

Real interest rate goes up

PAR Aug 4, 2015 0

The 12-year low inflation has pushed the real interest rate up which could bring long-term economic stability with the equity market a major beneficia...

Inflation eases to 1.8% in July

PAR Aug 4, 2015 0

Inflation eases to 1.8pc in July The main inflation, measured by Consumer Price Index (CPI), stood at 1.8 per cent in July year-on-year compared to 3....

Dar joins talks with IMF in Dubai today

PAR Aug 4, 2015 0

Dar joins talks with IMF in Dubai today to resolve policy issues Finance Minister Ishaq Dar will join talks with the International Monetary Fund (IMF)...