BeNewz Report LAHORE: A bill that would formally strip Beaconhouse National University (BNU) of its for-profit tag and reshape how the private university is run has plunged a Punjab Assembly standing committee into open disagreement, with members unable to agree even after hours of debate. What the Bill Actually Says …
Read More »
Aftab Maken ISLAMABAD: The Federal Board of Revenue (FBR) has sealed a clandestine cigarette manufacturing unit run by Hunter Tobacco SMC Pvt. Ltd. in District Chakwal, seizing a large quantity of raw tobacco, cigarette-manufacturing material, unstamped cigarettes and machinery in one of its biggest recent enforcement actions against the illicit …
Read More »
–Challenges Customs’ Authority to Act — as wider bonded-fuel fraud crackdown widens across Pakistan Aftab Maken ISLAMABAD: Pak-Arab Refinery Limited (PARCO) remains locked in a standoff with Pakistan Customs weeks after being accused of releasing nearly 24 million litres of petrol from its Faisalabad bonded warehouse without proper clearance — …
Read More »
Nine officers, including a former Collector, face disciplinary action over 400kg of seized silver allegedly swapped for lead bricks between Quetta and Lahore Aftab Maken ISLAMABAD: Pakistan’s Federal Board of Revenue (FBR) has launched a formal inquiry into what officials are calling one of the biggest scandals in the history …
Read More »
–Afghan-Linked Cigarette Smuggling Network Poses a Serious Threat to Pakistan’s Economy and National Security BeNewz Report ISLAMABAD: A vast and highly organized network involved in the smuggling of Afghan-linked cigarette brands into Pakistan is depriving the national exchequer of billions of rupees in tax revenue every year while posing a …
Read More »
BeNewz Report ISLAMABAD: The Federal Board of Revenue (FBR) has carried out a major reshuffle in the Inland Revenue Service (IRS), transferring and posting more than 50 senior officers from BS-19 to BS-22 in an effort to strengthen tax administration and improve operational efficiency across the country. According to a …
Read More »
Aftab Maken ISLAMABAD: Pakistan’s economy ended fiscal year 2025-26 on a significantly stronger footing, recording its highest economic growth in four years, single-digit average inflation, and a current account surplus, according to the Finance Division’s Monthly Economic Update & Outlook for June 2026. The report, released by the Finance Division, …
Read More »
BeNewz Report ISLAMABAD: The federal government has announced a new fixed tax scheme for small shopkeepers, marking a significant step toward simplifying the country’s tax structure and improving compliance among small-scale traders. The announcement was made by Minister of State for Finance Bilal Azhar Kayani during a joint press conference …
Read More »
BeNewz Report SAHIWAL: A major tax evasion case has surfaced in Sahiwal after the Federal Board of Revenue (FBR) uncovered significant discrepancies in reported sales of a well-known fast-food outlet, leading to an immediate recovery of Rs 4 million in taxes. According to official sources, the Regional Tax Office (RTO) …
Read More »
BeNewz Report ISLAMABAD: Pakistan Customs has intensified its anti-smuggling campaign nationwide, seizing illegal goods worth Rs. 3.718 billion over the past two weeks as part of a coordinated crackdown launched under directives from the federal government and the Federal Board of Revenue. According to the Office of the Chief Collector …
Read More »
BeNewz