April 26, 2024

Pkrevenue.com

Pakistan Revenue

Day: April 2, 2021

Ufone awarded contract worth Rs2.07 billion for providing mobile broadband services
Apr 2
IT & Telecom

Ufone awarded contract worth Rs2.07 billion for providing mobile broadband services

ISLAMABAD: The Universal Service Fund (USF) on Friday awarded a contract amounting Rs2.07 billion to Ufone for providing high speed mobile broadband services in Kech district of Balochistan province. Federal Minister for Information Technology (IT) and Telecommunication, Syed Amin Ul Haque and Federal Minister for Defence Production, Zubaida Jalal witnessed the contract signing ceremony held […]

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FBR notifies transfer/posting of IR BS-19, BS-20 officers
Apr 2
Taxation

FBR notifies transfer/posting of IR BS-19, BS-20 officers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfer and postings of Inland Revenue Service (IRS) officers of BS-19 and BS-20. The FBR notified the transfers and postings of following officers: 01. Abdul Aziz Narejo (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-VI), Karachi from the post of Commissioner […]

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Sales of POL products surge by 44pc in March
Apr 2
Energy

Sales of POL products surge by 44pc in March

KARACHI: The sales of petroleum products have climbed up by 44 percent year on year (YoY) in March 2021 due to low base of March 2020 as the government last year enforced lockdown that resulted in slowdown in sales volume. Analysts at Arif Habib Limited said that total petroleum and lubricant sales clocked-in at 1.49 […]

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Key changes made through Tax Laws (Second Amendment) Ordinance, 2021
Apr 2
Taxation

Key changes made through Tax Laws (Second Amendment) Ordinance, 2021

KARACHI: The federal government recently introduced amendments to Income Tax Ordinance, 2001 through a presidential ordinance namely Tax Laws (Second Amendment) Ordinance, 2021. According to a chartered accountant firms following are the key changes made through the Amendment Ordinance: (1) Exemption for inter corporate dividend for those group structures which are eligible for group relief […]

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FBR transfers BS-21 officers of Pakistan Customs
Apr 2
Pakistan Customs

FBR transfers BS-21 officers of Pakistan Customs

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfer and postings of BS-21 officers of Pakistan Customs Service (PCS) with immediate effect. The FBR notified transfers of following officers: 01. Dr. Zulfikar Ali Chaudhary (Pakistan Customs Service/BS-21) has been transferred and posted as Chief Collector of Customs Enforcement (Central), Lahore from the post of […]

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Shahid Baloch posted as CCIR LTO Karachi
Apr 2
Taxation

Shahid Baloch posted as CCIR LTO Karachi

ISLAMABAD: Federal Board of Revenue (FBR) on Friday posted Shahid Iqbal Baloch, a BS-21 officer of Inland Revenue Service (IRS), as Chief Commissioner Inland Revenue (CCIR) of Large Taxpayers Office (LTO) Karachi with immediate effect. The FBR posted the chief commissioner of LTO Karachi on a regular basis after the retirement of Badaruddin Ahmed Qureshi […]

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FTO recommends disabling sales tax registration as soon application for de-registration received
Apr 2
Budget 2021-2022, Taxation

FTO recommends disabling sales tax registration as soon application for de-registration received

ISLAMABAD: Federal Tax Ombudsman (FTO) has recommended disabling sales tax registration as soon application received for de-registration. The FTO submitted proposals for budget 2021/2022, stating that in order to stop misuse of registration for issuing fake invoices, immediate disabling of the registration was proposed in electronic system as soon as the application for de-registration was […]

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