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Home Breaking News

FBR constitutes committees to remove anomalies in Finance Bill 2021

byCT Report
19/06/2021
in Breaking News, Islamabad, Latest News, Slider News
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ISLAMABAD: The Federal Board of Revenue (FBR) formed committees to identify and remove technical and legal anomalies in the Finance Bill, 2021.

The FBR formed following committees:

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Sultan Ali Allana, Chairman, HBL has been appointed as chairman of the business anomaly committee. Ch. Muhammad Tarique, Member (IR- Policy), FBR is co-chairman of the committee. The other members of the committee are included:

  1. Ehsan A Malik, CEO, Pakistan Business Council
  2. M. Shariq Vohra, President, Karachi Chamber of Commerce and Industry
  3. Irfan Siddiqui, President, Overseas Investors Chamber of Commerce and Industry
  4. Sherbaz Ilyas Ghazanfar Bilour, President, Sarhad Chamber
  5. Abdul Samad, President, Quetta Chamber
  6. Mian Naseer Hayat Maggo, President, Federation of Pakistan Chambers of Commerce and Industry
  7. Mian Tariq Misbah, President, Lahore Chamber of Commerce and Industry
  8. Adil Bashir, Chairman, All Pakistan Textile Mills Association
  9. Asif Peer, President, American Business Council
  10. Asad Shah, Director (External Affairs), PTC
  11. Amir Waheed, ex-President of Islamabad Chamber

Naeem Akhtar Sheikh, UHY Hassan Naeem & Co. has been appointed as chairman of the anomaly technical committee constituted by the FBR. The co-chairman of the committee are: Ch. Muhammad Tarique, Member (IR-Policy), FBR; and Syed Hamid Ali, Member (Customs –Policy), FBR,

The other members of the committee are:

  1. Ashfaq Tola, FCA, FCMA
  2. Abdul Qadir Memon, Patron Pakistan Tax Bar, Karachi
  3. Syed Yawar Ali, Chairman, Pakistan Business Council, Karachi
  4. Shahzad Hussain, Ex- Partner, A F Ferguson & Co.
  5. Khurram Mukhtar, Patron-in-Chief, PTEA
  6. Ms. Sadia Nazeer, FCA, Partner KPMGA
  7. Hafiz Muhammad Idrees, Advocate, Supreme Court, Ex-President, Tax Bar
  8. Habib Fakhruddin, CA
  9. Abdul Wahab Kodvai

The committees have been given tasks to review the anomalies identified and to advise FBR on removal of anomalies.

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