The Federal Board of Revenue has indicated the possibility of extending the deadline for the submission of income tax returns. According to sources, there are two proposals under consideration for extending the deadline for income tax returns. The extension can be for 15 days or one month. It ...

Tax Bar Associations, chartered accountant firms, tax advisers, and experts in taxation have jointly approached the Federal Board of Revenue (FBR) to request an extension of the deadline for filing income tax returns, advocating for an extended timeframe until October 31, 2023. Their plea arises ...

In a recent development, the Federal Investigation Authority (FIA) has escalated its efforts in scrutinizing car showroom proprietors, as reported by ARY News. This intensified focus by the FIA signifies a growing concern surrounding potential money laundering activities within the ...

The International Monetary Fund (IMF) has expressed "concern" about the illicit transportation of petroleum products in Pakistan, sources within the Federal Board of Revenue have revealed. According to available information, the IMF has requested a report from the finance ministry and the FBR ...

In Karachi, Pakistan International Airlines (PIA) has managed to restore its flight operations to normalcy thanks to a timely resupply of fuel. These operations had previously encountered disruptions and suspensions, primarily caused by financial constraints and the inability to ...

Pakistan and Iran have reached a mutual understanding regarding the implementation of additional gates at the Mir Javeh-Taftan border crossing. This significant development aims to facilitate the seamless exchange of goods and the movement of individuals across the shared border. The Ambassador ...

In Karachi, the Pakistan International Airlines (PIA) faced a critical financial situation that was threatening to disrupt its flight operations. To address this crisis, the airline successfully secured a substantial loan of Rs18 billion from two banks. This significant influx of funds ...

On Thursday, Caretaker Prime Minister Anwaar ul Haq Kakar issued a directive to Minister for Privatization Fawad Hasan Fawad, tasking him with the responsibility of overseeing the expeditious privatization process of Pakistan International Airlines (PIA). The directive, delivered during a meeting ...

On Thursday, Pakistan International Airlines (PIA) took a significant step in response to its dire financial situation by canceling a multitude of both domestic and international flights. Numerous domestic flights linking Karachi with various destinations were axed due to the national ...

The Pakistan International Airlines (PIA) received relief from its financial troubles as the Federal Board of Revenue (FBR) restored all 26 of the airline's bank accounts on Wednesday. This action followed a written assurance from the national flag carrier that it would make all payments this ...