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.
(more…)Author: Mrs. Anjum Shahnawaz
-
FBR misses April target by big margin despite high rates of sales tax, FED
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.
(more…) -
Government, PTI agree on simultaneous polls but disagree on general election date
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.
(more…) -
Prime Minister directs strict action against smugglers of wheat, sugar and urea
On Tuesday, Prime Minister Shehbaz Sharif instructed the authorities to take strict action against smugglers of wheat, sugar, and urea, which negatively impacts Pakistan’s foreign remittances and deprives its people of their rights.
(more…) -
FBR revokes notification on massive increase in FED on cigarettes
On May 2, 2023, the Federal Board of Revenue (FBR) in Pakistan revoked its earlier notification SRO 178(I)/2023, which had massively increased federal excise duty (FED) rates on cigarettes.
(more…) -
Pakistan’s exports plunge 12% in first 10 months of FY23, imports down 28%
Pakistan’s economy has been hit hard as the country’s exports fell by 12% during the first ten months of the current fiscal year, according to data released by the Pakistan Bureau of Statistics.
(more…) -
Headline inflation reaches historic high of 36.4% in April 2023
According to official statistics released on Tuesday, Pakistan’s headline inflation reached a historic high of 36.4% in April 2023.
(more…) -
Govt. claims big relief in petroleum prices for first half of May 2023
The government of Pakistan on Monday claimed a big relief in petroleum prices for the first half of May 2023.
(more…) -
SRB imposes fee for obtaining document of taxpayers
Sindh Revenue Board (SRB) has imposed a fee for obtaining attested document related to taxpayers besides increasing the fee for attested page of any document.
(more…) -
Over 30,000 return filers get active taxpayers status
On May 1, 2023, the Federal Board of Revenue (FBR) announced that more than 30,000 filers had been added to the Active Taxpayers List (ATL).
(more…)