Pakistan Customs dept fails to prove vehicle as smuggled item LAHORE: The customs department has failed to prove smuggling of a vehicle into Pakistan despite claiming that the... Published 14 Mar, 2024 03:00am
Business & Finance Tribunal reduces penalty disproportionate to gravity of sales tax default? LAHORE: An Inland Revenue appellate tribunal has reduced penalty against defaulter of sales tax owing to... Published 12 Mar, 2024 04:27am
Business & Finance Bank faces penalty for carrying out premature recovery proceedings against defaulter LAHORE: A local bank has faced penalty for carrying out premature recovery proceedings against loan defaulter.... Published 10 Mar, 2024 03:03am
Pakistan PM’s office fails to accord timely approval: Pakistan misses meeting of RIMES in Thailand LAHORE: Pakistan has missed a crucial meeting of Regional Integrated Multi-Hazard Early Warning System for Africa ... Published 09 Mar, 2024 04:59am
Business & Finance Export-oriented units: Lesco posts Rs1.1bn revenue loss? LAHORE: The Lahore Electric Supply Company (LESCO) has booked Rs1.1 billion revenue loss from its connections to the... Published 08 Mar, 2024 03:14am
Business & Finance Cotton processor secures input tax refund LAHORE: A cotton processor has secured input tax refund, which was rejected by the sales tax department after the... Published 05 Mar, 2024 03:09am
Business & Finance Power consumption trends indicate de-industrialization in full swing LAHORE: Power generation and consumption trends indicate that deindustrialization is in full swing, said sources. ... Published 03 Mar, 2024 02:55am
Business & Finance Deduction of WHT: Pipe maker fails to shift onus on tax dept LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without... Published 02 Mar, 2024 04:16am
Business & Finance Taxpayer claims audit proceedings conducted under repealed provisions LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out... Published 28 Feb, 2024 06:10am
Business & Finance Bicycle maker fails to claim input tax adjustment LAHORE: A bicycle manufacturer has failed to fulfill the conditions prescribed for claiming input tax adjustment... Published 25 Feb, 2024 04:51am
Business & Finance Attachment of bank accounts: Software co gets amount recovered by tax department reimbursed LAHORE: A software development company has succeeded in getting reimbursed the amount recovered by the tax ... Published 23 Feb, 2024 06:36am
Business & Finance FTO can’t address anonymous complaints against FBR officers LAHORE: The Federal Tax Ombudsman (FTO) cannot entertain anonymous and pseudonymous complaints to conduct an... Published 22 Feb, 2024 06:55am
Business & Finance Polyester importer fails to substantiate transactional value LAHORE: An importer of polyester polar fleece fabrics has failed to substantiate transactional value on imported... Published 20 Feb, 2024 03:09am
Markets Yarn trader succeeds availing concessional rate after legal fight LAHORE: A yarn trader has succeeded in availing the facility of concessional rate despite a hot pursuit of the tax... Published 18 Feb, 2024 03:01am
Business & Finance RMG chain store remains unable to prove misuse of authority LAHORE: A Readymade Garment (RMG) chain store could not prove misuse of authority by Commissioner Inland Revenue... Published 17 Feb, 2024 05:51am
Business & Finance Tax authorities fail to encash expired bank guarantee as govt dues LAHORE: Tax authorities have failed to encash expired bank guarantee for recovery of government dues, said sources.... Published 16 Feb, 2024 06:02am
Business & Finance Bank’s customer fails to avert recovery proceedings on weak assertions LAHORE: A customer of a local bank has failed to avert recovery proceedings against running finance facility on weak... Published 15 Feb, 2024 05:39am
Business & Finance I&I Directorate has failed to recover taxes on technical ground LAHORE: The Directorate of Intelligence and Investigation (I&I) failed to recover duty/taxes on technical ground... Published 13 Feb, 2024 05:59am
Pakistan PPP to discuss PML-N offer in its CEC meeting LAHORE: Pakistan Peoples Party (PPP) leadership has decided to put the PML-N offer before the Central Executive... Published 12 Feb, 2024 06:26am
Print NA-127: Bilawal gets 15,005 out of 217,114 votes LAHORE: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari could get merely 6 percent of the total votes... Updated 11 Feb, 2024 09:30am