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, provides employment and saves millions of dollars. It is the...

ISLAMABAD: The Trading Corporation of Pakistan (TCP) has blacklisted nine sugar mills which have defaulted on their obligation to pay Rs10billion to the trading authority. The blacklisted companies include Abdullah Sugar Mills Depalpur, Abdullah Sugar...

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, team has seized 600 packets (6,000,000 sticks) of local...

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 the commissioners for not charging sales tax on power consumption...

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 FBR officials registered a case against the suspect, Shabbir Shah,...

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 so expeditious and transparent that now there is no need...

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

ISLAMABAD: Pakistan Customs has confiscated non-duty paid cigarettes worth Rs549 million during first seven months of the current fiscal year, a statement said on Sunday. A spokesman of Federal Board of Revenue (FBR) said that...

Islamabad: Pakistan government has intensified its crackdown against smuggled and substandard petroleum products across the country, causing loss of Rs150 billion to the national exchequer. During a major drive against oil smugglers, officials have...

ISLAMABAD: Japanese government has swung into action to crack down on clearance of imported cars on forged and fake documents in Pakistan, it said on Thursday. The Embassy of Pakistan in Tokyo, in a statement,...