Pakistan Revenue
ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced major reshuffle in Pakistan Customs Service (PCS) and transferred and posted 41 officers of BS17 and BS-18 with immediate effect and until further order. The FBR notified transfers and postings of following officers: 01. Ms. Tayyaba Bukhari (Pakistan Customs Service/BS-18) has been transferred and posted as […]
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KARACHI: The equity market made recovery of over 550 points on Friday on reports of IMF loan program. The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 37,338 points as against 36,787 points showing an increase of 550 points. Analysts at Arif Habib Limited said that the index saw significant recovery today. The session […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted assistant tax officials of BS-16 to the post of superintendent (BS-16) with immediate effect. Following officers have been promoted: 01. Ms. Parveen Rafique 02. Najam Zafar 03. Muhammad Sarwat Hussain Qadri 04. Ms. Asia Iqbal 05. Syed Hamid Baseer The FBR said that the officers would […]
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The Pakistani Rupee maintained its firm position against the US Dollar on Friday, driven by a lack of robust demand for imports and corporate payments.
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KARACHI: The government may launch a new tax amnesty scheme 2019 on April 15 for allowing undeclared local and domestic assets to become part of documented economy. The main features of the draft amnesty scheme, included: – Benami assets – Sales Tax and Federal Excise Duty – mandatory return filing – allowing balance sheet revision […]
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KARACHI: The sales tax law authorized tax authorities to recover short paid amount without issuing notice. According to updated Sales Tax Act, 1990 issued by Federal Board of Revenue (FBR), the Section 11A of the Act explained the authority of tax officials in recovery of short paid amount. Section 11A: Short paid amounts recoverable without […]
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ISLAMABAD: Prime Minister Imran Khan on Thursday said that China-Pakistan Economic Corridor (CPEC) project will open new vistas of opportunities for the entire region. The prime minister said that the government accords top priority to the CPEC project. He said: “The project will not only help in translating all weather Pak-China relations into mutually beneficial […]
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KARACHI: Persons may be allowed to avail tax amnesty at one percent for undeclared banking transactions of past five years. According to draft of Tax Amnesty Scheme 2019, credit entries in a person’s own bank account is allowed at one percent of the total credit entries from July 01, 2013 till June 30, 2018 or […]
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ISLAMABAD: Federal Minster Aamer Mehmood Kiani and Chief Executive Officer (CEO) Drug Regulatory Authority of Pakistan (DRAP) Asim Rauf visited UDL distribution along with area Federal Inspector of Drugs. “Stock of GlaxoSmithkline was seized on unauthorized increase in the price,” said a statement on Thursday. In continuation of the crackdown against companies for unauthorized increase […]
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ISLAMABAD: Federal Board of Revenue (FBR) has established a dedicated cell to facilitate taxpayers in filing complaints against corrupt practices of officials of Inland Revenue and Pakistan Customs. The FBR on Wednesday said that it had established Integrity Management Cell (IMC) to facilitate general public / taxpayers for filing of complaints against corrupt practices of […]
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