FAISALABAD: Undocumented transactions worth millions of rupees conducted by yarn and fabric traders in Sutar Mandi are hurting the national exchequer.   Located in Faisalabad, Sutar Mandi – also known as Yarn Market – is one...

ISLAMABAD: The government’s compromises with real estate sector and tax authorities’ failure to take action against over 3,400 housing societies that remain outside the tax net are increasing the share of black money in...

ISLAMABAD: The Federal Board of Revenue (FBR) has planned to conduct physical surveys of selected undocumented sectors, according to the new tax reform plan of the FBR. The draft of the new Inland Revenue reform...

ISLAMABAD: The Federal Board of Revenue (FBR) will confiscate cigarette packs (without tax stamps) manufactured in Azad Jammu and Kashmir (AJK), but brought within the territorial jurisdiction of tariff areas of Pakistan from April...

ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) here on Friday organised a session with journalists to discuss the opportunity for the new government to generate revenue by increasing...

LAHORE: The Customs Intelligence & Investigation Lahore has witnessed 30 percent drop in smuggling from India after a strict vigilance and reduction in number of pilgrims through eastern border, said Director Saima Aftab. In...

ISLAMABAD: Accomplishing a result-oriented anti-smuggling operation due to enhanced vigilance on all export consignments, the Collectorate of Customs Appraisement, Quetta seized illegal urea fertilizers worth Rs 7.2 million being smuggled to Afghanistan.   Divulging the details...

ISLAMABAD: The Federal Board of Revenue (FBR) will take major enforcement action at the border areas of Iran to check the influx of smuggled Iranian cooking oil into Pakistan, putting the domestic industry at...

PESHAWAR: Customs authorities have claimed that they have seized smuggled contraband items (narcotics) at Pak-Afghan sharing Torkham border, valuing over Rs3.5 billion since December 19 and arrested five culprits, including four Afghan nationals and...

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed said Saturday that the FBR will close businesses and retail outlets of the fraudulent retailers, who are collecting sales tax from consumers, but...