LAHORE: A drive to curb smuggling of tyres by customs department has led to price escalation because of the incapacity of local manufacturers and importers to meet the demand. According to well-placed sources in the...

Islamabad: According to the Sustainable Development Policy Institute (SDPI), taxation policies towards the legal tobacco industry in Pakistan needs the correct narrative through actual and updated data, which must also include accurate statistics about...

KARACHI: The Federal Board of Revenue (FBR) has unearthed approximately Rs16 billion worth of tax evasion by manufacturers and suppliers of tea whitener who illegally report it as the dairy product, sources said. The sources...

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

ISLAMABAD: Poor tax compliance in gold and precious stone sectors is causing huge losses to the national exchequer, said a report released by the Federal Board of Revenue’s Directorate General Intelligence and Investigation Inland...

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

ISLAMABAD: Four major steel industry associations on Thursday warned the government of at least Rs50 billion in tax revenue losses due to the policy measures announced in the budget for the next fiscal year. Pakistan...

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 Regional Tax Office Rawalpindi intercepted two trucks carrying 300 packarites...

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 sticks) worth Rs30,741,100, resulting in detection of evasion of taxes...

ISLAMABAD: The Federal Board of Revenue (FBR) is facing a mammoth revenue loss of Rs40 billion mainly because of poor monitoring mechanism placed for the Green Leaf Threshing (GLT) units, a process that is...