Pakistan Revenue
ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Wednesday said there was no question of Pakistan going into default as the same had been averted, though at a very high political cost. “I want to give a message to markets through this conference… no need to get nervous, we are back to business, Insha’Allah we will […]
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ISLAMABAD: The federal cabinet, chaired by Prime Minister Muhammad Shehbaz Sharif, approved the expansion of the advanced meters project beyond Islamabad to address line losses in the power sector.
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ISLAMABAD: An updated list issued by the Federal Board of Revenue (FBR) on Monday revealed that the number of active taxpayers has grown to 3.59 million. According to the latest Active Taxpayers List (ATL) the total number surged to 3,596,092 by October 16, 2022 for tax year 2021. READ MORE: FBR gets 3.38 million active […]
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ISLAMABAD: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) has said that prevention of currency smuggling is top priority of Pakistan Customs. The FBR chairman identified top priority arrears of the government to combat smuggling of currency, vehicles, and goods. Besides, prevention of mis-invoicing was also one of the top priorities, he added. READ MORE: […]
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The government of Pakistan has decided to keep the prices of petroleum products unchanged for the fortnight starting from October 16, 2022. Finance Minister Muhammad Ishaq Dar in a statement said that Oil and Gas Regulatory Authority (OGRA) had sent summary for increase in prices of petroleum products but the government had decided to maintain […]
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The Federal Board of Revenue (FBR) has reported a substantial growth in sales tax collection on the import of Petroleum, Oil, and Lubricants (POL) products during the tax year 2022, reaching an impressive Rs459 billion.
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ISLAMABAD: Federal Board of Revenue (FBR) on Saturday announced prize winners of 10th balloting of invoices issued by point of sales (POS) of big retailers. According to the FBR, the bumper prize of Rs1,000,000 has been awarded to Muhammad Imran on the invoice issued by Super Drugs. READ MORE: FTO directs stop unlawful recovery from […]
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Federal Tax Ombudsman (FTO) has directed the tax authorities to stop unlawful recovery from bank accounts of taxpayers. The FTO issued the order dated September 30, 2022 in a complaint against non-issuance of refund amounting to Rs23.25 million for tax year 2016 along with compensation. READ MORE: FTO investigates tax collection through electricity bills According […]
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ISLAMABAD: Federal Board of Revenue (FBR) has collected a huge amount of Rs196.25 billion as income tax from salaried class during tax year 2022. A report issued by the FBR revealed that the collection of tax on salaried income recorded significant growth of 29 per cent, which compared with the collection of Rs151.84 billion in […]
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ISLAMABAD: Share of withholding tax (WHT) collection in total collection of direct taxes has increased to 67 during Tax Year 2022 despite elimination of many provisions related to the withholding taxes.
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