Pakistan Revenue
ISLAMABAD: The Federal Board of Revenue (FBR) has expressed annoyance over the lack of interest shown by field offices in integrating Point of Sale (POS) of Tier-1 retailers with the online tax system. According to an official document related to Tier-1 Retailers POS Integration – Third Quarter Targets (January 2022), the analyses revealed except for […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has launched forensic audit of Web Based One Customs (WeBOC) to determine the accuracy and correct application of duty and taxes. In order to conduct forensic audit, the FBR invited firms for the assignment to conduct audit of the internal controls of WeBOC system for quality assurance for […]
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ISLAMABAD: Collectorate of Appraisement, Peshawar Customs has seized narcotics worth Rs 80 million, said a press release issued on Saturday. The FBR said that continuing a relentless anti-smuggling drive, Pakistan Customs, Collectorate of Appraisememt Peshawar, Custom Station Torkham intercepted a Truck bearing Reg. No.RIJ-9175 coming from Afghanistan which resulted in recovery of foreign origin Charas […]
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ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), posted seven per cent growth in its revenues for the year 2021, which is eight-year high or the highest revenue growth since 2013. The revenue growth may be attributed to a robust commercial strategy which cements its market standing. According to a statement issued on Friday, the company announced […]
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KARACHI: Service Industries Limited (PSX: SRVI) on Friday reported fire incidents at a factory located in Muridke and godowns in Lahore. In a communication sent to Pakistan Stock Exchange (PSX), Service Industries Limited stated: “A fire broke out at the factory premises of the company at Muridke on February 09, 2022 which was brought under […]
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Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance institution to secure membership of the Employers Federation of Pakistan (EFP). The EFP is also a member of the International Organization of Employers (IOE) and with its virtue an important constituent of the International Labour Organization (ILO), United Nations from Pakistan. The EFP membership was […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued last warning to BS-18 officers of Inland Revenue Service (IRS), who are in promotion zone, and said without asset declaration and performance evaluation reports (PERs) their names will not be considered for promotion. The FBR previously issued letter to the officers in the seniority list […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday announced transfers and postings of BS-19 officers of Inland Revenue Service (IRS) with immediate effect and until further orders. The FBR notified transfers of following officers: 01. Ashfaq Masood (Inland Revenue Service/BS-19) has been transferred and posted as Secretary, PR Federal Board of Revenue (Hq), Islamabad […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has announced sharp cut in sales tax on supply of petroleum products. The FBR on Thursday issued SRO 183(I)/2022 to reduce the sales tax against normal rate of 17 per cent. The revenue body previously issued SRO 88(I)/2022 dated January 18, 2022 to change the sales tax rates. […]
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LAHORE: MCB Bank on Thursday announced the highest ever annual profit before tax at around 52 billion for the year ended December 31, 2021
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