Border trade halted at Torkham, Chaman & other crossings amid security tensions Aftab Maken Pakistan’s Federal Board of Revenue (FBR) has suspended all import and export customs clearance at multiple border stations with Afghanistan, citing security threats following what officials described as “unprovoked aggression” from the Afghan side. According to …
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Aftab Maken The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for the fiscal year 2025 until October 31, 2025. The Federal Board of Revenue (FBR) announced that taxpayers can now submit their income tax returns for the fiscal year 2025 up to October …
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FBR’s new RMS 2.0 system flags consignment; $85,000 worth of goods seized, legal action initiated. BeNewz Report Islamabad: Collectorate of Customs Appraisement (West) Karachi and the Collectorate of Customs Enforcement Karachi have jointly foiled an attempt to clear banned Indian-origin textile machinery through misdeclaration at the Karachi International Container Terminal …
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BeNewz Report The Marine Enforcement Unit of the Collectorate of Customs (Enforcement), Karachi, has intercepted three vessels carrying 132,564 litres of Iranian-origin High-Speed Diesel (HSD) in what officials describe as the largest single marine seizure of petroleum products in Pakistan’s recent history. The operation unfolded during the night between October …
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Aftab Maken ISLAMABAD: Lack of clarity on the Governance and Corruption Diagnostic (GCD) report and pending confirmation of external financing have delayed Pakistan’s staff-level agreement (SLA) with the International Monetary Fund (IMF), though officials remain hopeful the deal will be concluded during Finance Minister Muhammad Aurangzeb’s upcoming visit to Washington. …
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IMF concludes $8.4bn review discussions with Pakistan without a staff-level agreement; further talks expected in Washington as Islamabad faces fiscal and governance reform demands. Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has concluded its review mission with Pakistan without announcing a staff-level agreement (SLA) under the $8.4 billion combined …
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Massive customs fraud exposed at Jinnah International as FBR seizes Rs103 million consignment and initiates arrests over fake clearances. The Federal Board of Revenue (FBR) has unearthed a major customs duty and tax evasion scam at Karachi’s Jinnah International Airport, involving the illegal clearance of high-value electronics worth hundreds of …
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FBR grants extension for Tax Year 2025 after appeals from traders, tax bars BeNewz Report The Federal Board of Revenue (FBR) has officially extended the deadline for filing income tax returns for the Tax Year 2025 to October 15, 2025. The decision was made under Section 214A of the Income …
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Talks focus on tax shortfalls, energy sector reforms, and flood impacts as Pakistan seeks $1bn loan tranche. Aftab Maken ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have commenced policy-level talks in Islamabad as part of the second review under the $7 billion Stand-By Arrangement (SBA), aiming to unlock the …
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Aftab Maken FIA arrests FBR officials after probe finds fraudulent regularization of smuggled vehicles through Customs’ digital system, said an official announcement of the FBR on Wednesday. The Federal Board of Revenue (FBR) has moved against its own officers after an investigation revealed their involvement in a racket that fraudulently …
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