Pakistan Revenue
ISLAMABAD: The government of Pakistan is considering to fix prices of locally assembled cars in to order discourage abnormal price hike. According to an official statement on Monday, apropos frequent price hike of locally manufactured and assembled automobiles in past few months. READ MORE: OICCI suggests duty cut on locally manufactured cars Spokesperson has expressed […]
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ISLAMABAD: The new coalition government led by Prime Minister Shahbaz Sharif soon after taking oath replaced the chairman of Federal Board of Revenue (FBR) despite massive growth in revenue collection during the current fiscal year. The government appointed Asim Ahmed as the new chairman of the FBR replacing Dr. Muhammad Ashfaq Ahmed. READ MORE: FBR […]
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ISLAMABAD: Federal Board of Revenue (FBR) has warned all the officials of the apex tax agency of disciplinary action if found involved in private consultancy. The FBR issued a circular dated April 28, 2022 titled bar against indulging in private consultancy / tax practice by officials of the FBR. READ MORE: FBR surpasses collection target […]
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ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased sharply by 13.4 per cent in April 2022, according to details released on Sunday. Pakistan Bureau of Statistics (PBS) said that CPI inflation General, increased by 13.4 per cent on year-on-year basis in April 2022 as compared to an increase of 12.7 per cent […]
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ISLAMABAD: The Institute of Policy Studies (IPS) has demanded the authorities to implement the judgment of Federal Shariat Court regarding Riba free banking system and to make interest free economy. The much-awaited verdict of the Federal Shariat Court (FSC) on interest-free economy, despite being overly delayed, sets the course in the right direction by cogently […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed revenue collection target for the first 10 months (July – April) 2021/2022 (FY22) and collected Rs4.86 trillion, a statement said on Saturday.
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ISLAMABAD: The Federal Board of Revenue (FBR) on Friday April 29, 2022 issued sales tax refund rules for agriculture tractor manufacturers. The FBR issued SRO 563(I)/2022 dated April 29, 2022 to insert new rules in the Sales Tax Rules, 2006. Refund to Agricultural Tractor Manufacturers READ MORE: FBR transfers senior IR officers in major reshuffle […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has transferred senior officers of Inland Revenue Service (IRS) following change of its chairman. The new government appointed Asim Ahmad as FBR chairman, who assumed the charge on April 27, 2022. Asim replaced Dr. Muhammad Ashfaq Ahmed. After this key transfer, the FBR made major reshuffle by notifying […]
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The Federal Board of Revenue (FBR) has issued a directive for the extension of working hours at Inland Revenue (IR) offices on April 29 and 30, 2022 (Friday and Saturday) for revenue collection.
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ISLAMABAD: The Federal Shariat Court has given its judgment declaring Riba as Haram in any form of transaction. The Full Bench of the Court comprising of Mr. Justice Muhammad Noor Meskanzai, Chief Justice, Mr. Justice Dr. Syed Muhammad Anwer and Mr. Justice Khadim Hussain M. Shaikh, in exercise of power under Article 203-D of the […]
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