FBR directs speedy clearance of flood relief goods
The Federal Board of Revenue (FBR) has issued directives to customs authorities, emphasizing the need for expeditious clearance of goods related to flood relief operations.
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Author: Mrs. Anjum Shahnawaz
USC to disburse ration bags worth Rs540 million to flood victims
ISLAMABAD: Utility Stores Corporation (USC) will disburse 113,700 ration bags worth Rs540 million to the flood affected people across the country. In this regard the Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the grant in favor of the USC. Ministry of Industries and Production presented a summary for release of funds for […]
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FBR directs 81 retailers to integrate with POS system
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday directed 81 retailers to integrate with the online system by September 10, 2022 otherwise action will be taken as per law. The FBR issued Sales Tax General Order (STGO) No. 3 of 2023 related to Tier-1 retailers for integration with FBR’s Point of Sale (POS) system. […]
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President Alvi directs State Life Insurance to pay compensation
ISLAMABAD: The President of Pakistan Dr. Arif Alvi has directed State Life Insurance Corporation to pay compensation to family of policy holders. While rejecting four similar representations preferred by State Life Insurance Corporation of Pakistan (SLICP) against the decisions of the Wafaqi Mohtasib, President Dr Arif Alvi has directed SLICP to pay Rs 1.78 million […]
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FBR transfers 153 IRS officers in major reshuffle
The Federal Board of Revenue (FBR) has undertaken a significant reshuffle in the Inland Revenue Service (IRS), announcing the transfers and postings of 153 officers in the latest round of administrative changes.
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FBR transfers 45 senior customs officers of BS-19-20
The Federal Board of Revenue (FBR) of Pakistan has undertaken a major reshuffle, transferring and posting 45 senior officers from grades BS-19 and BS-20 of the Pakistan Customs Service (PCS).
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MIPD organizes teaching, learning excellence awards ceremony
ISLAMABAD: Millennium Institute of Professional Development (MIPD) has organized Teaching and Learning Excellence Awards Ceremony 2022, a statement said on Saturday. The MIPC in collaboration Department of International Qualifications, Curriculum and Assessments at The Millennium Education group organized the ceremony to honour, award, and appreciate teachers for their excellent teaching performance and significant contribution towards […]
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Pakistan trade deficit narrows by 17% in 2MFY23
ISLAMABAD: Trade deficit fell by 17.13 per cent during first two months (July – August) 2022/2023 2MFY23, owing to fall in import bill, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. The statistics revealed that the trade deficit for the period July – August 2022/2023 was at $6.27 billion as compared […]
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Pakistan estimates flood devastation to cost $10 billion
ISLAMABAD: The torrential rains and flash floods across Pakistan have inflicted an estimated loss of $10 billion to the national economy. Federal Minister for Finance and Revenue Miftah Ismail on Thursday said the current devastation of flood in Pakistan is estimated to cost $10 billion. READ MORE: Pakistan allows tax exemption on tomato, onion imports […]
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FBR invites proposals for new retailers tax scheme
ISLAMABAD: The Federal Board of Revenue (FBR) is formulating new tax scheme for retailers and in this regard the authority has invited proposals from stakeholders. The Chairman FBR invited proposals regarding the features of the proposed tax scheme that would serve the purpose of facilitating filing of income tax returns as well as ensuring revenue […]
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