Smuggling through ATT biggest threat to economic growth: PBC

KARACHI: Pakistan Business Council (PBC) in its budget proposals 2019/2020 has said that smuggling through Afghan Transit Trade is the biggest threat for economic...

Pakistan Petroleum Ltd finds hydrocarbons in Jamshoro

KARACHI: Pakistan Petroleum Ltd announced the discovery of hydrocarbons from exploration well Unarpur-1 ST-1 in the Kotri North block in Jamshoro, Sindh by joint...

Prime Minister, World Bank CEO discuss economic, fiscal situation

ISLAMABAD: Prime Minister Imran Khan on Friday met Ms. Kristalina Georgieva, Chief Executive Officer (CEO) of the World Bank on the sidelines of the...

Restriction on gold purchase by non-filers proposed

KARACHI: Federal Board of Revenue (FBR) has been suggested to restrict non-filers of income tax returns from purchasing gold bars, jewelry and other luxury...

No bank account freezing without informing taxpayer: FBR chairman

ISLAMABAD: Shabbar Zaidi, the newly appointed chairman of Federal Board of Revenue (FBR), has issued instructions to field formation that bank account will not...

Increase in refund claims by registered persons selected for audit

KARACHI: Federal Board of Revenue (FBR) has selected sales tax audit of those sales tax registered persons whose refund claims increased in a month...

Fawad Chaudhry’s ministry changed, Hafeez Sheikh appointed adviser on finance

The Prime Minister's Office announced a major reshuffle of the federal cabinet today, with key portfolios of the finance, interior and information ministries seeing...

PBC presents tax proposals for reducing cost of doing business

KARACHI: Pakistan Business Council (PBC) has suggested measures for reducing cost of doing business and promoting manufacturing and industrialization. In its tax proposals for budget...

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