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FBR Threatens Rs. 150,000 Fine for Traders to Save Flopped Tax Scheme
The Federal Board of Revenue (FBR) plans to impose penalties of up to Rs. 150,000 on non-compliant traders who fail
ProPakistaniImported Almonds to Get More Expensive in Pakistan
The Federal Board of Revenue (FBR) has raised the customs value of imported shelled almonds to $3.81 per kilogram and
ProPakistani
Dollar edges back from 18-month high after FOMC minutes
SINGAPORE: The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on Thursday, after hawkish minutes from the Federal Open Market…
Business RecorderMariam Kayani made adviser to IMF ED
ISLAMABAD: The government on Wednesday appointed Mariam Kayani, a BPS-20 officer of Pakistan Administrative Service (PAS), as adviser to the executive director (ED) of the International Monetary…
Business RecorderUnrecovered VAT can push input cost up by 8.9pc: IMF study
ISLAMABAD: The International Monetary Fund (IMF) has highlighted significant distortions in tax systems that affect key economic decisions, noting that unrecovered value-added tax (VAT) can raise…
Business RecorderFBR imposes new conditions on units seeking tax credit
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed new conditions and restrictions on units intended to claim tax credit for integration with the Board’s systems, according to a…
Business RecorderRetailers must not be allowed to evade taxes
EDITORIAL: The Federal Board of Revenue’s (FBR’s) decision to begin nationwide mapping of markets and individual shops is a logical next step after the poor response to the government’s Asaan Tax…
Business Recorder
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