LAHORE: The government has reorganised Federal Board of Revenue (FBR) by giving it more powers which enhanced its performance, economist Dr Khawaja Amjad Saeed said. He claimed that due to new reforms and policies adopted by the FBR, more than Rs580 billion taxes would be collected in the next quarter of the current financial year. Dr Saeed said the FBR has developed its monitoring system and now all financial matters are being monitored on monthly basis in the FBR headquarters. He said that no doubt the government has increased tax rates but at the same time it has facilitated the people by granting them many concessions. He said that the people should pay their due taxes and regularly file their tax returns that could help generate more revenues.
Pakistan’s leading oil refineries warn of shutting down production over smuggling
ISLAMABAD: Five of Pakistan’s largest oil refineries on Thursday warned that increasing smuggling of petroleum products is threatening refinery operations...
