Internal Audit points inefficiencies on part of MCC Port Exports Port Qasim

KARACHI: The Directorate of Internal Audit – Customs has pointed several acts of omissions on the part of MCC Exports Port Qasim, which caused losses … Continue reading

FBR to notify property value throughout the country, says Ishaq Dar

KARACHI: The Federal Board of Revenue (FBR) has been authorized to notify the valuations of the properties throughout the country including Karachi, Lahore and Islamabad, … Continue reading

FBR further clarifies taxation of immovable property, Through finance Act 2016

KARACHI: Federal Board of Revenue (FBR) on Thursday said that about eight amendments have been introduced to Income Tax Ordinance, 2001 through Finance Act, 2016 … Continue reading

Export of jewelry, gold against fake Form-Es; exporters imposed mammoth penalties

KARACHI: Collector Customs Adjudication Chaudry Muhammad Javaid has charged an entire racket for fiscal fraud and imposed mammoth penalties on several exporters and agents for … Continue reading

PBA sends letter to Chairman FBR to reconsider its budget proposals

KARACHI: The federal finance ministry has again imposed 4 per cent super tax on banks tax income and rejected all proposals of the Pakistan Banks … Continue reading