FBR exempts sales tax on oxygen gas import
The Federal Board of Revenue (FBR) has taken a significant step by exempting sales tax on the import of oxygen gas.
Continue Reading
Author: Mrs. Anjum Shahnawaz
Moody’s changes Pakistan’s outlook to negative
SINGAPORE: Moody’s Investors Service on Thursday June 2, 2022 affirmed the Government of Pakistan’s B3 local and foreign currency issuer and senior unsecured debt ratings, the (P) B3 senior unsecured MTN programme rating, and changed the outlook to negative from stable. A statement issued by the Moody’s stated that the decision to change the outlook […]
Continue Reading
Senior Customs officers transferred from Multan
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified transfers of two senior officers of Pakistan Customs Service (PCS) posted at Multan. According to details, the FBR transferred two BS-20 officers of PCS from Directorate of Intelligence and Investigation, Multan and Collectorate of Customs Enforcement, Multan. READ MORE: Islamabad Customs chief transferred ahead budget […]
Continue Reading
Jazz, Telenor seek reduction in taxation
ISLAMABAD: Phone carriers in Pakistan including Jazz and Telenor have sought reduction in taxation. Federal Minister for Finance and Revenue Miftah Ismail held a meeting with delegation of telecom sector comprising of CEO Jazz Aamir Ibrahim and CEO Telenor Pakistan Irfan Wahab Khan, at Finance Division on Wednesday. Federal Minister for IT and Telecommunication Syed […]
Continue Reading
FBR extends date for filing details of foreigners
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing statement of information of foreign entities and individuals operating in Pakistan. The FBR on Wednesday issued a Circular No. 01 of 2021-22 – International Taxes dated May 31, 2022. The FBR extended the deadline for filing of statement under Section 165B […]
Continue Reading
Customs Sukkur to auction huge lot of motor vehicles
ISLAMABAD: Pakistan Customs, Sukkur office has announced to conduct auction of motor vehicles on June 9, 2022. Following motor vehicles will be presented for the auction: 01. Honda Civic Car, bearing Reg.No.BBA-332, Chassis No.FD3-1004047, Model-2007 and Engine Capacity 1800 CC. 02. Toyota Feilder Car, Bearing Reg No.AAP-222 (Sindh) Chassis No.NZE121-0197295, Engine Capacity 1496 CC, Model-2003 […]
Continue Reading
Pakistan’s headline inflation up by 13.8% in May 2022
ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 13.8 per cent in May 2022 on Year on Year (YoY) basis as compared with 13.4 per cent in the previous month, Pakistan Bureau of Statistics (PBS) said on Wednesday. The latest inflation number is also higher when compared with 10.9 per cent […]
Continue Reading
Petroleum prices in Pakistan from June 01, 2022
KARACHI: The government of Pakistan on Tuesday decided to keep the petroleum prices unchanged for the next fortnight despite revenue losses due to rising petroleum prices globally. The prices of petroleum products from June 01, 2022 shall be: Petrol at Rs179.86 per; High Speed Diesel at Rs174.15 per liter; kerosene oil at Rs155.56 per liter; […]
Continue Reading
FBR collects Rs5.35 trillion in 11 months; up by 28.4%
ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs5.35 trillion during first 11 months of the current fiscal year 2021/2022. The latest collection is about 28.4 per cent higher over the collection of Rs4.16 trillion during the same period last fiscal year, the FBR said on Tuesday. READ MORE: FBR surpasses collection target for […]
Continue Reading
FBR establishes IT center against cyber security attacks
ISLAMABAD: The Federal Board of Revenue (FBR) has established a Security Operation Center (SOC) in order to prevent cyber security attacks on its IT system. FBR Chairman Asim Ahmad inaugurated the SOC on Tuesday. SOC is a state-of-the-art center designed for prevention, detection, and incident response against cyber security attacks on the FBR IT network. […]
Continue Reading