Net collection stands at Rs84b against target of Rs110b.

Government to abolish sales tax on the import of machinery that are used for exploration and production of oil and gas

Final decision after Economic Coordination Committee approval.

At present, only selected associations and clubs are permitted to import air guns under ‘personal baggage’ schemes.

Complaints against the dept prompted FBR to consider the move.

Authority collects Rs8.4b more than target in fiscal 2011.

Traders import oil as raw material for soap manufacturing.

Exporting countries would now be required to provide documentation certifying the products are not harmful.

Income tax dept also decides to move against several team members who are allegedly involved in evading taxes.

Complaints over refund cases of upto Rs6 billion asked to be evaluated and cleared.