Pakistan Revenue
KARACHI: Association of Chartered Certified Accountants (ACCA) Pakistan has opposed tax amnesties and suggested the tax machinery to use available information with proper enforcement. “Tax Amnesties without proper penal clauses had been a failure. With the strengthening of OECD, they should be done away with and focus should instead be shifted on using the organization’s […]
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KARACHI: Ufone has been awarded with a prestigious silver trophy at the Effie Pakistan Awards 2019, in the category of ‘Sustained Success’ for its Super Card Communication Campaigns. The awards, held around the world annually, celebrate companies with outstanding marketing communications ideas. Winning an Effie symbolizes a great sense of achievement for marketers, and Ufone […]
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KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Hellenic Shipping Agencies (Pvt) Limited for non-payment and non-compliance of return filing for the last eight years.
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KARACHI: The joint venture of foreign and local companies has completed around 98 percent drilling near Karachi coast for the possible discovery of huge reservoirs of oil and gas, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi said on Saturday. The joint venture including ExxonMobil, ENI, PPL and OGDC is undertaking offshore drilling near […]
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ISLAMABAD: Pakistan Customs (Operation) has taken vigorous actions to counter illicit movement of currency, which is the primary tool used for money laundering and moving proceeds of crime in and out of the country, a statement said on Saturday. The current lead taken by Customs Operations FBR, and the effective control measures implemented by enforcement […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised the newly appointed chairman of Federal Board of Revenue (FBR) for limiting powers of Inland Revenue officers in tax recovery through bank account attachment. Engr. Daroo Khan Achakzai, President FPCCI in a statement on Saturday hailed the directive of the newly appointed Chairman […]
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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has warmly welcomed the first order issued by the newly appointed Chairman Federal Board of Revenue (FBR) Shabbar Zaidi immediately after assuming charge in which all the Commissioners Inland Revenue have been barred from freezing bank accounts which was being demanded by KCCI since long. President KCCI […]
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KARACHI: Pakistan Tax Bar Association (PTBA) has assured full support to Syed Muhammad Shabbar Zaidi, newly appointed chairman of Federal Board of Revenue (FBR). In a statement issued on Saturday PTBA welcomed the appointment of Shabbar Zaidi as chairman of Federal Board of Revenue (FBR). The tax bar declared the appointment of Shabbar Zaidi as […]
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KARACHI: With the IMF program expected to be announced soon, investor sentiment can be expected to rebound, analysts said on Saturday. The analyst at Arif Habib Limited said that clarity over the economic direction from the IMF program is likely to resuscitate confidence of investors. As Ramadan started this week, the local bourse continued its […]
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KARACHI: Federal Board of Revenue (FBR) has been suggested to restrict non-filers of income tax returns from purchasing gold bars, jewelry and other luxury goods in order to broaden tax net. “In addition to the restriction on purchase of immovable property and motor vehicles by non-filers, the punishment should be made even severe by foisting […]
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