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FBR attaches PTA accounts

Islamabad:FBR in its ongoing campaign to recover outstanding tax liabilities against various companies, the Large Taxpayers Unit (LTU), Islamabad has attached all Bank Accounts of the Pakistan Telecommunication Authority (PTA) which owed Rs.3.6 billion to the exchequer on account of Income Tax. The PTA was served with recovery notice under ... Read More »

Malaysians develop taste buds for Biryani as Pak rice gains popularity

Kuala Lumpur:From being served merely at weddings and special events until recently, Biryani has increasingly found its way into the ordinary restaurants across Malaysia due to the richness of taste and aroma it offers to the rice-loving Malays. Yet another reason that has popularized the Biryani dish in Malaysia is ... Read More »

FPCCI demand agri tax

Islamabad:The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday demanded to impose income tax on sectors enjoying unjust exemptions in the upcoming budget. We will have no future sans effective governance, transparent reforms and easily comprehensible taxation regime, it said. Tax regime should be balanced as presently ... Read More »

FBR Intensifies efforts to recover withholdind tax?

Islamabad:The Federal Board of Revenue has identified 119,870 non-filer salaried persons, drawing annual salary of more than 5 lacs. They were required to e-file their Returns of Income for tax year 2011 on e-portal of FBR but they did not discharge their legal obligation on this count. The information regarding ... Read More »

Action taken against 115 officers and officials :Mansha Butt

Lahore:Special Assistant to Chief Minister Punjab on Food, Muhammad Mansha Ullah Butt has said that the wheat procurement process is continuing as per routine in the province. He said that in order to make wheat procurement process transparent and corruption free, senior officers of the Food Department and he himself ... Read More »

Wants to make Safari and Jallo as model parks :Ch Ghafoor

Lahore:Provincial Minister for Planning and Development, Ch. Abdul Ghafoor has said that best opportunities of investment are available in Pakistan and Turkey can further strengthen the existing friendly relations between the two countries through investment in different sectors. This was stated by him at a luncheon in honour of a ... Read More »


Lahore:A group of business owners from the platform of American Business Forum (ABF) visited the office of Punjab Board of Investment & Trade (PBIT) and held meeting with senior officials. American Business Forum formed in 2008, is an organization consisting of US based companies and franchises. Talking to the Vice ... Read More »


Islamabad:Pakistan Mobile Communication Ltd (Mobilink) owed Rs. 8.6 billion to the exchequer on account of mis-declaration of Sales Tax and FED. The Income Tax Appellate Tribunal recently upheld the decision of LTU, Islamabad and confirmed the payable tax amount of 8.6 billion rupees. On receiving the decision of the Tribunal, ... Read More »

FBR gives extension in warehousing period

Islamabad:The Federal Board of Revenue has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses. This measure has been taken to facilitate the trade and industry and commercial importers who have not ... Read More »

NAB, KSE move against dishonest brokers termed eyewash

Islamabad:The Pakistan Economy Watch on Tuesday expressed scepticism about deal between National Accountability Bureau and Karachi Stock Exchange to bring rogue brokers to book. This is a showy misrepresentation intended to conceal unpleasant reality and gain popularity, it said. The stock market crashes from 2000 to 2008 were engineered in ... Read More »

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