Pakistan Revenue
ISLAMABAD: A senior officer of Pakistan Customs has advised the Federal Board of Revenue (FBR) to activate recently established committees for eliminating corruption in the organization. Dr. Asif Mahmood Jah, Chief Collector Customs (North), who is also In charge of Integrity Management Cell, in a letter advised the FBR chairman to activate ‘integrity committees’ at […]
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KARACHI: Model Customs Collectorate of Appraisement and Facilitation (West) announced auction of huge lot of vehicles schedule on September 24, 2020 to be held at Bay-West Custom House Karachi. 01. Honda/N Box, Chassis No. JF1-4101734, Model 2013 02. Honda N-Box Mini Van, Chassis No: JF1-2211404, Model: 2014 03. Honda N-Box Mini Van, Chassis No: JF1-3102085, […]
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KARACHI: Despite very difficult six months marked by COVID-19 outbreak in the country, a large portion of consumers remain optimistic that the economic condition of the country will improve in coming days. Bilal Ijaz Gilani, Executive Director Gallup Pakistan said on Tuesday while launching of a survey report. “Pakistanis are generally optimistic people and the […]
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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed disagreement with the analysis released by the Federal Board of Revenue (FBR) regarding tax collection by cities and markets. Agha Shahab Ahmed Khan President KCCI in a statement on Tuesday expressed total mistrust over the statistical figures recently disclosed by the FBR in its Tax […]
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KARACHI: The share market fell by 345 points on Tuesday as selling pressure witnessed across the board during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,829 points as against 42,174 points showing a decline of 345 points.
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KARACHI: The Pak Rupee recovered seven paisas against dollar on Tuesday owing to weak demand for import and corporate payments. The rupee ended Rs166.23 to the dollar from previous day’s closing of Rs166.30 in interbank foreign exchange market. Currency experts said that the demand for import and corporate payments had weakened as compared with the […]
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The Federal Board of Revenue (FBR) of Pakistan has experienced a significant decline in revenue collection, with a 16% drop recorded during the four-month period from March to June 2020, compared to the same months last year.
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ISLAMABAD: Federal Board of Revenue (FBR) has amended sales tax rules for installing surveillance cameras at factory premises to monitor production of goods in various sectors to prevent tax evasion. The FBR issued SRO 889(I)/2020 on Monday to amend Sales Tax Rules, 2006 and introduced rules namely ‘Video Analytics Rules for Electronic Monitoring of Production […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued procedure for condonation of time limit in sales tax cases. The FBR issued Sales Tax Circular No. 02 of 2020 for the purpose of disposal of requests for condonation of time limit, and directed field formation including LTOs, MTO, CTOs and RTOs to process the taxpayers’ […]
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KARACHI: The Karachi Tax Bar Association (KTBA) on Monday demanded the Federal Board of Revenue (FBR) to allow extension for filing income tax return for tax year 2020 as per time prescribed under the law. In a letter send to FBR chairman, Zeeshan Merchant, President, KTBA praised the FBR for issuing return of income for […]
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