NAB files reference against Omni Group and others

ISLAMABAD: The National Accountability Bureau (NAB) on Monday filed a reference against Omni Group owner Anwar Majeed's son Abdul Ghani Majeed, and other accused...

Sales Tax Act 1990: buyer, seller jointly responsible for unpaid tax

KARACHI: Where an amount of tax unpaid in supply chain then registered buyer and seller are both responsible for paying to national exchequer. According to...

Managed float or market-based exchange rate?

THE arrival of the International Monetary Fund (IMF) mission’s new chief for Pakistan Ernesto Ramirez Rigo in Islamabad on March 26 was preceded a...

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...

Govt announces crackdown as dollars vanish in open market

KARACHI: Signs of panic are now appearing in foreign currency markets as the dollar touched Rs148 in open trading on Friday and the information...

FBR sets up 3 Benami Zones in big cities

ISLAMABAD: Federal Board of Revenue has established three Benami Zones at Karachi, Lahore and Islamabad for enforcement of Benami Transaction (Prohibition) Act, 2017. In a...

Past revenue-centric policies hurt exports: Prime Minister

ISLAMABAD: Prime Minister Imran Khan has said that the revenue-centric economic policies of past governments have badly damaged the competitiveness of Pakistan’s exports. The past...

Suzuki Alto set to make a comeback

KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) is expected to start commercial production of Alto 660cc from next week following the discontinuation of the...

FBR tightens noose against PML-N leaders

FAISALABAD: Federal board of Revenue (FBR) has started auditing different political personalities belonging to Pakistan Muslim League Nawaz (PML-N) in order to find their...

Amnesty scheme will not for public office holder: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Wednesday said that if the government introduces any tax amnesty scheme then it will not applicable for public...

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