2.4 million taxpayers automatically selected for audit


ISLAMABAD: About 2.4 million taxpayers have been selected for audit, who have obtained National Tax Number (NTN) but failed to file income tax return for tax year 2017.

SRB restores sales tax registration of six taxpayers


KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of six taxpayers, who were suspended for non-compliance of payment and filing of returns, official sources said on Saturday.

All pensioners’ income is exempt from tax: FBR


ISLAMABAD: Federal Board of Revenue (FBR) has said that income of all pensioners is exempt from tax and same in case of pensioners of armed forces.

FDI rises by 57pc on heavy inflows from China


KARACHI: Foreign Direct Investment (FDI) has increased by 57 percent during the first five months of current fiscal year due to heavy inflows from China.

FBR keen on finding new taxpayers: Haroon Akhtar


ISLAMABAD: Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue on Friday said the government does not want to burden the existing taxpayers and the tax authorities are keen on finding new taxpayers.

FBR sends four senior IR officers to ATIR


ISLAMABAD: Federal Board of Revenue (FBR) has directed four senior officers of Inland Revenue Service (IRS) to join Appellate Tribunal Inland Tribunal (ATIR) with immediate effect.

FBR issues list of 33 BS-19 customs officers for mandatory senior management course


ISLAMABAD: Federal Board of Revenue (FBR) has issued a list of 33 BS-19 officials of Pakistan Customs Service (PCS) for the nomination to join mandatory 23rd Senior Management Course (SMC) to be started from February 26, 2018.

FBR notifies transfers/postings of senior customs officers


ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of officers of BS-18-20 of Pakistan Customs Service (PCS) with immediate effect under further orders.

Commerce ministry notifies drawback of local taxes and levies order for non-textile


ISLAMABAD: The ministry of commerce on Thursday issued Local Taxes and Levies Drawback (Non-Textile), Order, 2017 to promote exports by providing incentives in the shape of rebates.

IMF welcomes exchange rate flexibility by SBP


ISLAMABAD: International Monetary Fund (IMF) has welcomed exchange rate adjustment by State Bank of Pakistan (SBP) and said further exchange rate flexibility will be important in the period ahead.