Tag: Islamabad Region

28/04/2014

ISLAMABAD: Federal Board of Revenue (FBR) Tax Advisory Council Member Dr Manzoor Ahmed has proposed that the primary role of ...

OIC FTOs conference being held today

28/04/2014

ISLAMABAD: Federal Tax Ombudsman Abdur Rauf said that all arrangement had been finalized for the two-day 27 OIC member countries' ...

Production of counterfeit cigarettes: Rapid deployment force in the making to curb business

ISLAMABAD: The DG Intelligence and Investigation (I&I) Inland Revenue (IR) has decided to establish a Rapid Deployment Force (RDF), comprising ...

FBR yet to probe smuggling of Iranian POL products

ISLAMABAD: The Federal Board of Revenue (FBR) has appeared to be indifferent towards the ongoing smuggling of Iranian POL products ...

Broadening tax net: FBR collects Rs100m from unregistered persons

ISLAMABAD: The Federal Board of Revenue has collected approximately Rs100 million from over 25,000 unregistered persons who received notices under ...

SRO 15(1)/2010 withdrawn: Cotton yarn import no more duty-free

ISLAMABAD: In view of the threat to the local cotton yarn industry due to the rising import of cotton yarn, ...

Body set up to probe tax non-payment by MPs

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq has constituted a 10-member special committee to investigate the non-payment of taxes by ...

Phasing out concessionary regime: Withdrawal of SROs likely in budget

25/04/2014

ISLAMABAD: The government is likely to announce withdrawal of Statutory Regulatory Orders (SROs) and allow reduced duty/tax rate across the ...

Islamic Mode of Financing: PBA for amend to 7th Banking Schedule

25/04/2014

ISLAMABAD: The Pakistan Banks Association (PBA) has proposed amendment to Seventh (Banking) Schedule of the Income Tax Ordinance, 2001 to ...

17pc sales tax: Low tax-to-GDP ratio may not allow ST rate slash

25/04/2014

ISLAMABAD: Low tax-to-GDP ratio has left the government with no option but to keep the sales tax rate, the major ...

Govt withholds Rs97b refunds, admits FBR chief

ISLAMABAD: The top taxman of the country admitted on that the government was withholding Rs97 billion refunds of taxpayers – ...

Dar takes credit for success: 3G, 4G auction fetches $1.1b

ISLAMABAD: The government raised more than $1.1 billion in its long-delayed auction of next-generation telecommunications licences, snapped up by the ...

17pc ST being charged on CNG supply: Bajwa

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa said that the government was charging 17 percent sales tax on ...

Wizards fail to woo MPs: Senate body rejects ST Amend Bill

ISLAMABAD: Sensing violation of the Supreme Courts orders, the Senate Standing Committee on Finance rejected Sales Tax (Amendment) Bill 2014, ...

Blockage of Rs415b ST refunds questioned: Senate’s body doubts increase in revenue collection

23/04/2014

ISLAMABAD: Members of the Senate Standing Committee on Finance took Finance Minister Ishaq Dar to task for his claim regarding ...

Rs674b target for last quarter: FBR needs century to meet April revenue target

23/04/2014

ISLAMABAD: The Federal Board of Revenue needs to collect Rs674.11 billion during the last quarter (April-June) of the current fiscal ...

Anti-Money Laundering Act: FBR urged to compile list of tax offences

22/04/2014

ISLAMABAD: The Finance Division has asked the Federal Board of Revenue (FBR) to provide a list of serious tax crimes ...

ST on packing materials, chemicals: Bajwa assures textile exporters to revise refund benchmark

22/04/2014

ISLAMABAD: The Federal Board of Revenue has assured the textile exporters of revising the benchmark for issuance of sales ...

PTC paid Rs17b: Collection from Cigarette manufacturers rises by 21pc