Retention period of plant, machinery and equipment brought under export facilitation schemes is reduced to 5 years. Updated Jun 17, 2019 09:23am

The fixed rate on import of mobile phones with a price of up to $30 will now be charged a flat rate of Rs360. Updated Jun 15, 2019 10:15am

The amendments are aimed at controlling rade mis-invoicing used for the transfer of funds across borders. Updated Jun 14, 2019 09:05am

The amendments are in line with the Financial Action Task Force recommendations. Updated Jun 13, 2019 07:51am

In its first budget the PTI government has decided to withdraw discriminatory concessions and exemptions. Updated Jun 12, 2019 09:09am

Soon after coming into power, PTI through two finance bills reversed some of the exemptions. Updated Jun 11, 2019 09:57am

New schemes will be fined-tuned in the next couple of days before being presented in the cabinet meeting for approval. Updated Jun 09, 2019 08:58am

Two-tier rate proposed for Rs230bn revenue yield. Updated Jun 09, 2019 02:00pm

FBR has also received 540,000 additional tax returns in TY18 till May 31. Updated Jun 02, 2019 07:41am

The unexpected decline in collections presents the new finance team of the government with its starkest challenge. Updated Jun 01, 2019 09:44am

Export proceeds during July-April decreased by 0.12 per cent to 19.169bn despite a 19pc decline in local currency. Updated May 31, 2019 08:54am

Sugar and textile players in lead role in the scam. Updated May 30, 2019 08:40am

Proposed window will provide a solution for imports, exports, transit trade, trade through border customs stations. Updated May 29, 2019 09:17am

The plan aims to build on and continue regulatory duties impo­sed by the previous govt on imports of almost 1,900 items. Updated May 30, 2019 07:35am

"We are considering reverting back to the income tax brackets applicable in the tax year 2017," an official source says. Updated May 30, 2019 07:34am

“My objective is very clear and simple: to document the economy,” he told Dawn on Friday. Updated May 25, 2019 09:17am

Revenue plan shared with IMF shows steep, escalating targets for next three budgets. Published May 24, 2019 07:08am

The alarmingly low level of compliance with the tax laws lies at the heart of the country’s widening fiscal deficit. Updated May 23, 2019 08:31am

The import bill of three sectors — agriculture, textile and oil — posted positive growth. Updated May 30, 2019 07:33am

WB-funded project document likely to be approved by end of May and signed in June. Updated May 19, 2019 09:26am