Pakistan Revenue
The collection of petroleum levy in Pakistan has soared by 189 percent to Rs362.48 billion during first nine months (July – March) 2022-2023 as compared with Rs125.56 billion in corresponding months of the last fiscal year, official data revealed.
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Pakistan’s tax to GDP ratio has declined to 6.7 percent during first nine month (July – March) 2022-2023 as compared with 7.2 percent in the same period of the last fiscal year, official statistics revealed.
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The Federal Board of Revenue (FBR) Friday May 05, 2023 announced a major reshuffle of officers in the Inland Revenue Service (IRS) from BS-17 to BS-20, citing the need to improve tax collection efforts.
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The Federal Board of Revenue (FBR) is taking steps to prevent sugar smuggling and ensure sufficient availability in the domestic market.
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Asim Ahmad, the Chairman of the Federal Board of Revenue (FBR), recently paid a visit to the Customs Intelligence Headquarters in Islamabad to commend the success of recent anti-smuggling operations.
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Federal Board of Revenue (FBR) on Wednesday May 03, 2023 announced promotion of Inland Revenue Service (IRS) officers from BS-18 to BS-19.
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In an effort to promote efficiency and transparency in the tax collection system, the Federal Board of Revenue (FBR) has entered into information sharing agreements with two provincial revenue boards, namely the Board of Revenue Sindh and the Board of Revenue Balochistan.
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On Wednesday, the Federal Board of Revenue (FBR) transferred several high-ranking officials of the Pakistan Customs Service (PCS) to different positions as the country intensified its efforts to combat smuggling.
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ISLAMABAD: Despite the increase in rates of sales tax and federal excise duty through a recent mini-budget, the Federal Board of Revenue (FBR) missed its tax collection target for April 2023 by over Rs100 billion.
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On Tuesday, the coalition government led by the Leader of the House in the Senate and Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar and Pakistan Tehreek-e-Insaf (PTI)’s Shah Mehmood Qureshi agreed on holding simultaneous polls under caretaker governments across the country.
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