A policeman walks past the Federal Board of Revenue office building in Islamabad, on August 29, 2018. — ReutersFBR extends deadline for 16 days.Deadline was to end on Oct 15.Trade bodies requested extension.ISLAMABAD: The Federal Board of Revenue on Wednesday notified an…
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Pakistan receives $1.2bn tranche from IMF following Executive Board’s approval

A currency dealer can be seen counting $100 notes. — AFP/FileSBP says $1.2bn received under IMF’s Extended Fund Facility$200m released to Pakistan to combat climate change: SBPSays funds to reflect in SBP forex reserves for week ending Dec 12.
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Govt shifts Thar coal mining to grid, targets major cost reduction

Dump trucks drive at the open-pit coal mining site in Islamkot, Tharparkar, on, September 21, 2017. — ReutersDaily diesel costs estimated at Rs25 million.Mining consumed up to 250,000 litres daily.Operators investing Rs5.3bn in grid connection.
ISLAMABAD: The Power Division…
Taxes on high-end phones affect only 5% of users, says FBR chairman

A man checks an iPhone 16 Pro at an Apple store. — Reuters/FilePremiums on latest models reaching Rs150,000.Imported phones taxed under existing regime.Report on the issue due by March before NA.
The Federal Board of Revenue has said that taxes on expensive, imported…




