Karachi, June 22, 2023: Prime Minister Shehbaz Sharif reaffirmed the Pakistani government’s full commitment to the ongoing Extended Fund Facility (EFF) program of the International Monetary Fund (IMF).
(more…)Author: Mrs. Anjum Shahnawaz
-
IR Intelligence Uncovers Massive Sales Tax Evasion by Esteemed Company
Lahore, June 22, 2023: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has unearthed a staggering case of sales tax evasion worth billions of rupees by a highly regarded company.
(more…) -
Federal Tax Ombudsman Directs FBR to Conduct Audit of Banks for Withholding Tax Compliance
Islamabad, June 22, 2023: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to regularly conduct audit of banks to check compliance with the withholding tax provisions.
(more…) -
Government Announces 18% Increase in EOBI Pension
Islamabad, June 21, 2023: In a significant move aimed at improving the financial well-being of government employees, the government of Pakistan has announced an 18% increase in the pension for pensioners of the Employees Old-Age Benefit Institution (EOBI).
(more…) -
Finance Division Facilitates Early Salary and Pension Disbursement Ahead of Eid ul Azha
Islamabad, June 21, 2023: The Finance Division has announced the early disbursement of salaries and pensions for the month of June 2023, in anticipation of the upcoming Eid ul Azha celebrations.
(more…) -
FBR Issues POS Invoices Worth Rs540 Billion, Takes Steps towards Digitalization
FBR emphasizes the importance of digitalization and seeks private sector collaboration
Islamabad, June 21, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday that it has issued approximately Rs540 billion worth of invoices through the Point of Sale (POS) system in the span of one year.
(more…) -
ECC Approves Surcharge Recovery from K-Electric Consumers
ECC greenlights recovery of Rs.1.52/unit surcharge and addresses key financial matters
Islamabad, June 21, 2023 – The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, met on Wednesday to discuss and approve important financial decisions. Among the significant outcomes, the ECC gave its nod to the recovery of a surcharge from K-Electric consumers.
(more…) -
President Approves Appointment of Justice Qazi Faez Isa as Chief Justice of Pakistan
In a significant development for Pakistan’s judiciary, President Dr. Arif Alvi has officially approved the appointment of Justice Qazi Faez Isa as the next Chief Justice of Pakistan. The announcement was made through a formal statement issued by the President House on Wednesday.
(more…) -
Inland Revenue Officer Awarded Dismissal form Service for Misconduct
Islamabad, June 21, 2023: The Federal Board of Revenue (FBR) has imposed a major penalty on an Inland Revenue Officer (IRO) for inefficiency and misconduct.
(more…) -
Pakistan Announces Eid ul Azha Holidays, Celebrations on June 29
In a recent announcement, Pakistan has declared public holidays for Eid ul Azha, which is scheduled to be celebrated on Thursday, June 29, 2023.
(more…)