FBR selects 12,553 cases for tax audit
Of the total cases selected, 10,441 fall in the category of income tax, 2,065 in sales tax and 27 in Federal Excise Duty.
Mubarak Zeb Khan
Large-scale manufacturing rebounds by 5.02pc in July
Monthly snapshot of manufacturing on monthly basis shows 9 out of 15 sub-sectors in LSM rose in July.
‘Virtual assessment of goods to check duty, tax evasion’
Deadline for implementation of the faceless assessment and 28 other major reforms initiatives is June 30, 2021.
Strategy devised to clear Afghan containers stuck at Karachi ports
Data shows that 7,321 Afghanistan-bound containers were stuck since the movement of goods was halted due to Covid.
Verification system for advance sales tax registration introduced
FBR policy board reviews mechanism, other measures adopted to facilitate taxpayers.
FBR expanding its footprint
In the first phase, five DTOs will be established at Gwadar, Loralai, Tharparkar, Ghotki and Mingora.
Provinces asked to share details of crop damage
NPMC urges check on profiteering.
Exports plunge 20pc in August
Rains and consequential urban flooding caused significant problems, affecting exports for August, says Abdul Razak Dawood.
Revenue collection falls 2pc in August
Monthly target missed by Rs14bn.
FBR collected Rs5.8bn tax from expatriate mobile phones in FY20
Govt expects leading brands to explore investment possibilities in Pakistan’s mobile manufacturing industry.
Exports to EU under GSP+rise 3.3pc
Growth marred by lack of action on forced labour; curbs on freedom of expression.
FBR approves Audit Policy 2019
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday approved Audit Policy 2019 for selection of cases for all...
FBR notifies rules to access account holders’ information
Authority directs reporting financial institutions to keep record of the steps undertaken and any evidence relied upon.
Textile exports jump 14.4pc in July
Exporters are receiving inquiries about PPEs from foreign buyers.
Regional exports dip 24pc in FY20
Pakistan’s exports to China also dipped by 10.5pc to $1.663bn in FY20, from $1.858bn the previous year.
Large-scale manufacturing shrinks 10.17pc in FY20
Month-on-month figures show activity picking up in some sectors.
‘Pakistan can add $12bn to its export proceeds by 2024’
Pakistani policies cause 55pc of the problems reported by exporters of manufactured goods, says report.
Customs rules amended to promote transshipment of goods
Transshipment plays a critical role in ensuring the free flow of trade, especially to small destination ports.
Exports rebound after four months of decline
Trade gap narrows to $1.542bn in July; imports fall 4.2pc in first month of FY21.
Food, fuel prices drive inflation to 9.3pc in July
PBS data shows that wheat price surged by 28.5pc in July from the previous month.