Pakistan Revenue
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday constituted a Compliance Risk Management Committee (CRMC), which will head by the FBR Chairman. According to a notification issued to constitute the committee stated that CRMC comprising of the following officer by designation: READ MORE: FBR approves setting up directorate for risk profiling of main sectors 01. […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday approved establishment of Directorate General of Compliance Risk Management to develop risk profiles of the main segments and sectors. The FBR issued a notification stating that the competent authority had approved establishment of the directorate general of compliance risk management under the FBR. READ MORE: National Tax […]
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BEIJING: China has done its utmost to help Pakistan stabilize financial situation, said Chinese Foreign Ministry Spokesperson, Zhao Lijian on Monday and added his country will continue to do so in the future. “China and Pakistan are all-weather strategic cooperative partners. We have been supporting each other for common development and in joint efforts to […]
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ISLAMABAD: National Tax Council on Monday discussed the harmonization of General Sales Tax (GST) in the country. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on National Tax Council at Finance Division. READ MORE: Definitions under Pakistan Income Tax Laws updated up to June 30, 2022 Finance Minister Punjab Mr. […]
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Definitions of prevailing provisions of Income Tax Laws in Pakistan updated up to June 30, 2022. Federal Board of Revenue (FBR) has updated Income Tax Ordinance, 2001 up to June 30, 2022 by inserting amendments made through Finance Act, 2022. Section 2 of Income Tax Ordinance, 2001 provides definitions of terminology used in the Ordinance […]
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ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved increasing petroleum levy to Rs50 per liter on RON 95. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the ECC at Finance Division. READ MORE: Petroleum sales decrease by 22% in four months of 2022-2023 Federal […]
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ISLAMABAD: Pakistan budget deficit has widened by 43 per cent in the first quarter (July – September) of current fiscal year 2022-2023, according to official data released by the ministry of finance on Friday. The budget deficit of the country was 1 per cent of the GDP during the first quarter of the current fiscal […]
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Collectorate of Customs (Enforcement) Peshawar has announced auction of motor vehicles to be held on November 09, 2022 at various state warehouses of the Collectorate. Following is the list of vehicles to be presented for the auction at state warehouse godown, Peshawar: 01. Mercedes Benz (Bullet Proof), Model 1982, Chassis No. WDB-12603312037551 02. Toyota Fielder […]
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ISLAMABAD: Import restrictions imposed by Pakistan resulted in massive 27 per cent contractions in trade deficit during first four months (July – October) 2022/2023, according to official data released on Wednesday. The trade deficit narrowed to $11.47 billion during first four months of the current fiscal year as compared with the deficit of $15.62 billion […]
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Federal Board of Revenue (FBR) has announced to auction immovable properties that are confiscated under Section 138(2) of Income Tax Ordinance, 2001. The tax collecting wing of the FBR, Regional Tax Office (RTO), Gujranwala to auction the said properties on November 15, 2022. READ MORE: FBR issues circular to relax income tax return filing deadline […]
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