On May 9, 2023, former Pakistani Prime Minister Imran Khan was arrested by the National Accountability Bureau (NAB) on charges of corruption and misuse of authority during his tenure as the Prime Minister of Pakistan. Khan, who had been leading the country since 2018, stepped down in April 2022 after his government lost a vote of confidence in the National Assembly.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan tightens rules on carnet de-passage to prevent misuse
The Federal Board of Revenue (FBR) – the apex tax agency of Pakistan – on Monday issued a new amendment, SRO 533 (I)/2023, aimed at preventing the misuse of carnet de-passage and temporary importation of vehicles by foreigners and expatriate Pakistanis.
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FBR launches evaluation to combat mis-Invoicing of imported goods
The Federal Board of Revenue (FBR) in Pakistan has launched an evaluation process to combat mis-invoicing of imported goods at customs clearance.
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Petroleum levy collection soars by 189% to Rs362 billion
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 declines to 6.7% in 9MFY23
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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IRS officers shuffled as FBR struggles to meet tax collection targets
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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FBR intensifies operations against sugar smuggling
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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Customs seizes essential commodities worth Rs754 million in anti-smuggling operations
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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FBR announces promotion of Inland Revenue Service officers to BS-19
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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FBR signs information sharing pacts with Sindh and Balochistan
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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