News

ISLAMABAD: After installing the Track and Trace System at 78 sugar mills all over the country, the FBR has raided the premises of one...

ISLAMABAD: Prime Minister Imran Khan Tuesday said the former rulers should be punished for taking the country’s loans from Rs6 trillion to Rs30 trillion...

LAHORE: Illicit trade is weakening Pakistan’s performance in the global arena and the country is losing a hefty chunk of tax revenue, which can...

LAHORE: A drive to curb smuggling of tyres by customs department has led to price escalation because of the incapacity of local manufacturers and...

Islamabad: According to the Sustainable Development Policy Institute (SDPI), taxation policies towards the legal tobacco industry in Pakistan needs the correct narrative through actual...

KARACHI: The Federal Board of Revenue (FBR) has unearthed approximately Rs16 billion worth of tax evasion by manufacturers and suppliers of tea whitener who...

Rawalpindi: According to Sana Ullah Ghumman, the Director Operations and General Secretary of Pakistan National Heart Association (PANAH), there have been significant surges in...

ISLAMABAD: Poor tax compliance in gold and precious stone sectors is causing huge losses to the national exchequer, said a report released by the...

LAHORE: Collectorate of Customs Enforcement and Directorate of Intelligence & Investigation have seized eight containers worth of approximately Rs400 million, owned by alleged notorious...

ISLAMABAD: Four major steel industry associations on Thursday warned the government of at least Rs50 billion in tax revenue losses due to the policy...

6m counterfeit cigarettes seized in Rawalpindi The Federal Board of Revenue (FBR) has seized two truckloads of six million counterfeit cigarettes. A team of the...

ISLAMABAD: Inland Revenue Enforcement Network (IREN) squads of the Federal Board of Revenue (FBR), in a counter-evasion operation, seized non-duty/tax paid cigarettes (approximately 14,798,000...

ISLAMABAD: The Federal Board of Revenue (FBR) is facing a mammoth revenue loss of Rs40 billion mainly because of poor monitoring mechanism placed for...

FBR Seizes Cache Of Illicit Counterfeit Cigarettes ISLAMABAD :The Federal board of Revenue (FBR) on Thursday seized the huge cache of illicit counterfeit cigarettes to enforcement measures against...

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs376 billion from the tobacco industry during the last three years under the PTI led...

KARACHI: Chinese tyres have captured 85 per cent of market share in Pakistan — a substantial 45pc increase from two years ago, importers said...

KARACHI: Pakistan is just 70 years old, but it is situated in a region that had been home to the centuries-old civilisations like Mehrgarh,...

ISLAMABAD: Experts Saturday urged the government to take immediate enforcement measures at border areas to prevent smuggling of wheat to neighbouring countries. Among other...

INACCURATE figures regarding the magnitude of illicit trade in Pakistan have become a major obstacle towards effective economic decisions and policymaking. Important decisions related to...

ISLAMABAD: Pakistan has lost more than 80pc of its pangolins due to their illegal killing for scales and meat. “We know persecution by farmers has...

ISLAMABAD: Pakistan is bearing an annual loss of Rs240 billion due to the smuggling of Petroleum products, according to the Petroleum Commission’s report which...

ISLAMABAD: Leading tax experts and tax advisors are surprised over the claims of a Mardan-based company, which offered Prime Minister Imran Khan all possible...

ISLAMABAD: After seizure of 600 cartons of counterfeit cigarette brands, FBR’s Member Inland Revenue (IR) Operation Dr Mohamad Ashfaque said the Track and Trace...

Local industry is like a backbone of any country. It plays a vital role in the economic development, it’s an import substitute, pays taxes,...

ISLAMABAD: The Trading Corporation of Pakistan (TCP) has blacklisted nine sugar mills which have defaulted on their obligation to pay Rs10billion to the trading...

ISLAMABAD: The FBR has confiscated six million sticks near the Burhan Interchange. According to an FBR announcement, the Directorate of Intelligence and Investigation-Inland Revenue,...

ISLAMABAD: The Federal Board of Revenue (FBR) has suffered a huge revenue loss on account of exclusion/adjustment certificates issued to the steel units by...

FAISALABAD: The Federal Board of Revenue (FBR) regional tax office arrested a trader for making fake invoices worth millions of rupees to evade tax. The...

ISLAMABAD - FBR’s Inland Revenue (Operations) Member Dr Muhammad Ashfaq has said that the newly-upgraded ‘Fully Automated Sales Tax e-Refund (FASTER) Plus system’ is...

KARACHI: Prime Minister Imran Khan has sought a report on illicit trade of smuggled cigarettes, costing Rs140 billion to the exchequer every year. Welcoming...