Pakistan Revenue
ISLAMABAD: The flash floods in Pakistan may create a situation of food security in coming days as rice, banana, onion and other agriculture produces have been badly affected. Minister for Planning, Development, and Special Initiatives Ahsan Iqbal Monday said that the recent floods and torrential rains have also damaged 40-50 percent cotton crop across the […]
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JAFFARABAD: The Prime Minister of Pakistan, Muhammad Shehbaz Sharif, Sunday announced a grant of Rs10 billion for the people of Balochistan province to cope with the situation and assist the flood victims. During his visit to flood affected areas including Haji Allah Dino village, the prime minister said that he had never witnessed in his […]
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Pakistan has fixed the amount of diyat (compensation) at Rs4.32 million for the fiscal year 2022/2023 to be the value of thirty thousand six hundred and thirty (30,630) grams of silver. The finance ministry issued a circular to declare the amount of diyat on August 26, 2022. Diyat is the financial compensation paid to the […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has promoted 56 officers BS-16 Inland Revenue officers (IROs) to BS-17 as Assistant Commissioner Inland Revenue with immediate effect. The FBR through a notification issued August 26, 2022 promoted following IROs: (name and place of posting) 01. Tasawar Hussain, Regional Tax Office, Sialkot 02. Wasim Ahad Malik, Corporate […]
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ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of six officers of Inland Revenue Service (IRS) of BS-19 and BS-20 with immediate effect and until further orders. The FBR issued notification dated August 26, 2022 of transfers of following officers: READ MORE: FBR issues paper return form for tax year 2022 01. […]
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ISLAMABAD: Pakistan Telecommunication Authority (PTA) directed cellular mobile operators to provide free on-net voice calls to their subscribers in flood hit areas. In a statement, the PTA said cellular mobile operators will provide free on-net voice calls to all their subscribers in flood affected areas with Zero / Nil balance. According to the PTA, there […]
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ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) has surged by around 45 per cent by the week ended August 25, 2022, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. READ MORE: Pakistan’s sensitive price inflation surges by 37.67% The PBS said that prices of essential items have recorded an […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has imposed additional customs duty at the rate of 35 per cent on import of motor vehicles under various HS Codes. The FBR issued SRO 1572(I)/2022 dated August 22, 2022 to notify amended rates of additional customs duty on import of various items. Through the instant SRO, the […]
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ISLAMABAD: Over 6,000 Pakistani sellers have been registered on Amazon platform, the leading global e-commerce giant, according to a press release issued on Tuesday. This was revealed by Pakistani Ambassador to the United States Masood Khan in the press release issued from Washington DC. He said that more than 6,000 sellers from Pakistan were registered […]
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ISLAMABAD: The federal government on Tuesday granted tax exemptions to donations made for Prime Minister’s Flood Relief Fund 2022. The Federal Board of Revenue (FBR) issued SRO 1590(I)/2022 dated August 23, 2022 to exempts deduction of tax under various provisions of Income Tax Ordinance, 2001. According to the SRO an amendment has been made into […]
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