Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

FBR deducts Rs2b in taxes from Evacuee Property Board’s account by treating it as business entity

byCT Report
29/01/2026
in Breaking News, Latest News, National
Share on FacebookShare on Twitter

ISLAMABAD: The National Assembly Standing Committee on National Heritage and Culture Division, chaired by Syeda Nosheen Iftikhar raised concerns after the Evacuee Trust Property Board (ETPB) informed lawmakers that the Federal Board of Revenue (FBR) had deducted more than Rs2 billion in taxes from the board’s account by treating it as a business entity, despite its status as a government body.

The committee decided to summon the FBR chairman for an in-camera discussion at its next meeting, which will be held in Karachi.

You might also like

Chinese consortium to expand investment in Pakistan’s capital market infrastructure

15/06/2026

Banks must upload account data to FBR Hub under FY27 Bill

15/06/2026

The chairman of the Evacuee Trust Property Board told the committee that the tax deduction had been made by categorising ETPB as a corporate entity. Committee members expressed concern and agreed to seek clarification directly from the tax authority.

Separately, the committee was informed that construction of the boundary wall of Gurdwara Nanak Sar in Tehsil Daska would be completed within two weeks. It directed ETPB officials to consult Sardar Ramesh Singh Arora of the Pakistan Sikh Gurdwara Parbandhak Committee on the restoration of the gurdwara.

The committee approved the minutes of its previous meeting and reviewed compliance on earlier recommendations. On engagement with the family of Allama Muhammad Iqbal, the Director of the Iqbal Academy Pakistan said an interview with Mian Iqbal Salahuddin had been recorded and was being transcribed, while other family members were also being contacted. The committee recommended arranging a future session with Iqbal’s family in Lahore.

On the proposed National Museum of Pakistan in Islamabad, the secretary of the National Heritage and Culture Division said 8.33 acres of land at Shakarparian had been allotted to the Department of Archaeology and Museums, with the process of taking possession from the CDA underway. The committee recommended that funds for the project be allocated in the federal budget for 2026–27.

The committee also considered the National Institute of Folk and Traditional Heritage (Lok Virsa) (Amendment) Bill, 2025, and unanimously approved the proposed amendments, recommending that the bill be passed by the National Assembly.

Related Stories

Chinese consortium to expand investment in Pakistan’s capital market infrastructure

byCT Report
15/06/2026

ISLAMABAD: Chinese investors have reaffirmed their long-term commitment to Pakistan’s capital markets following the resolution of key regulatory matters by...

Banks must upload account data to FBR Hub under FY27 Bill

byCT Report
15/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed mandatory electronic data sharing by all banks and Electronic Money Institutions...

FBR Bahawalpur Zone recovers Rs530m in record enforcement drive

byCT Report
15/06/2026

BAHAWALPUR: The Federal Board of Revenue (FBR) Bahawalpur Zone has recovered over Rs530 million in taxes from Islamia University of...

Traders demand removal of Rs25,000 fixed tax in Finance Bill 2026

byCT Report
15/06/2026

LAHORE: The business community has called on the government to withdraw the fixed tax component from the newly proposed trader...

Next Post

Aurangzeb reiterates commitment to work closely with SECP

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.