M J Hayat

After deadline it will be difficult to hide assets, higher rate of tax, heavy fine may be imposed: CRTO Chief Commissioner By Jahangir Hayat LAHORE: The taxpayers will not be able to avail concessional benefits of the Assets…

1 - Mohsin Nawaz won National Rifle Association (NRA) Championship Long Range for first time for Pakistan last year 2 - He is sent to jail on judicial remand Jahangir Hayat LAHORE: The passenger from whom over 4600 bullets of…

Our Special Correspondent Lahore: Federal Board of Revenue (FBR) has issued instructions to all the LTUs/CRTOs/RTOs to remain open and observe extended working hours till 08:00 pm on 28thJune(Friday), and 29th June (Saturday) and…

Our Special Correspondent LAHORE: Declaration Under Assets Declaration Ordinance Not Admissible For Evidence in Other Laws Chairman FBR Syed Muhammad Shabbar Zaidi has clarified that declaration made under…

Our Special Correspondent Lahore: Pakistan China Joint Chamber of Commerce and Industry conducted various business-to-business (B2B) meetings in automobile sector at Punjab Agri Expo 2019. PCJCCI initiated this meeting with,…

Jahangir Hayat LAHORE: The Federal Board of Revenue (FBR) Monday announced to take off the person registered through automated system for sales tax registration from Active Taxpayer List with in fifteen days if they fail to provide…

Our Special Correspondent LAHORE: After successfully marketing small tractors in Khyber Pakhtunkhwa, SHIFENG, a leading Chinese agricultural machinery and automobile manufacturing company is soon launching a range of small power…

Officers, staff decide to launch protest drive against Lahore office removal Our Special Correspondent LAHORE: Indus Commission Secretariat will be shifted from Lahore to Islamabad, a notification issued by the ministry has said. The…

LAHORE: Federal Board of Revenue (FBR) Corporate Regional Tax Office (CRTO) Lahore has held Tax Amnesty Awareness Seminar in collaboration with the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM)…

Our Special Correspondent LAHORE: The Benami Transactions (Prohibition) Act, 2017 has become operative since March, 2019. Federal Board of Revenue is the focal authority under this Act. The matter of proper implementation of Benami…

 Our Special Correspondent LAHORE: A delegation of Lahore Economic Journalists Association (LEJA) met with Director General, Punjab Food Authority, Captain retired Muhammad Usman at PFA Headquarter here on Thursday. The agenda…

E-paper 3-15 By Jahangir Hayat LAHORE: Pasteurization is the only solution to the elimination of milk adulteration. In order to ensure provision of the pasteurized milk to the citizens, survey teams have been constituted that will…

Our Special Correspondent LAHORE: FIA PSP Director (Punjab zone-II) Wednesday awarded Commendation Certificate-III to the agency’s sub inspectors and inspectors for arresting 100 proclaim offenders. Official sources said that on the…

Our Special Correspondent LAHORE: Not a day goes by without a breaking news story about data breaches or personal data theft from large organisations. Cyber crime is one of the biggest risks to businesses to date and globally its…

Says Punjab government is promoting education, health, agriculture sector Our Special Correspondent LAHORE: Provincial Finance Minister Makhdoom Hashim Jawan Bakht has said here Tuesday that the performance of Federal Board…

The TORs of the Committee will be to review the identified and submitted anomalies and to advise FBR on removal of anomalies Jahangir Hayat LAHORE: FBR Chairman has constituted Anomaly Committee-Technical to remove anomalies in the…

Delhi Police brutally tortures Sikh auto-Rikshaw driver, son for refusing extortion Our Special Correspondent LAHORE: Following Narindra Modi has reassumed his office as PM, India has become unsafe for the minorities as the Delhi…

Our Special Correspondent LAHORE - As the US dollar kept fluctuating and hit record high of Rs158 against rupee, registering a 6 percent appreciation in the last 12 days, the Friends of Economic and Business Reforms (FEBR)…

Our Special Correspondent LAHORE: Federal Board of Revenue (FBR) Corporate Regional Tax Office (CRTO) Lahore has started awareness campaign on “Asset Declaration Scheme 2019”. Regional Tax Office (CRTO) Lahore Asset Declaration team…

By Our Staff Reporter LAHORE: The Board of Commissioners of the Punjab Healthcare Commission (PHC) has approved granting of licences to 2,697 healthcare establishments (HCEs), and 47 decisions of the Complaints Directorate. This was…

Says economic conditions require appropriate financial planning and taking benefits from the proposals of expert economists, agricultural and industrial sectors have been given special importance

Our Special Correspondent Lahore: Two-days 5th Color & Chem Expo kicked off× Saturday with the sharing of good news that more than five Chinese companies are interested to launch joint ventures (JVs) with Pakistani partners to…

Our Special Correspondent LAHORE: Punjab Revenue Minister Malik Muhammad Anwar has said that PTI-led government has presented its first provincial budget for FY 2019-20 which has been prepared under economic-stricken…

Our Special Correspondent LAHORE: The Chairman FBR, Mr. Shabbar Zaidi has directed to identify the extent of mis-invoicing in export declarations in order to ascertain the suspected items or sectors and destinations for such…

1-Rs 50,000 tax per annum imposed on property developers, builders 2-Tax up from Rs 1,000 to Rs 2,000 for jewellers, dept stores, electronic  stores, cable operators, printing presses, pesticide dealers By Our Special Correspondent…

Rs 350 billion for the public sector development Jahangir Hayat LAHORE: Provincial Finance Minister Hashim Jawan Bakht has presented a total budget of over Rs 2300 billion and 570 million for the financial year 2019-20. The…

Jahangir Hayat  LAHORE: The Federal Board of Revenue (FBR) Thursday said that data of industrial and commercial gas and electricity consumers from various DISCOs and gas distribution companies has been procured to identify the…

Jahangir Hayat LAHORE: Muhammad Rafique Umer, a company secretary, has been made acting CEO of Pakistan Stocks Exchange (PSX), official source informed. In continuation to our earlier communication dated May 28, 2019 regarding the…

Our Special Correspondent  LAHORE; Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of press which states that the new Finance Bill has allowed the non-filers to purchase immovable property or cars.…

1- LCCI terms it a good balanced one despite economic hardship 2- Others name it a non-business, poor friendly budget Jahangir Hayat  LAHORE: Industrialist and traders have reacted differently on the Budget 2019-20. The Lahore…