Mar 16
Taxation
FBR chairman directs IR offices to ensure recovery of tax arrears
LAHORE: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) has directed offices of Inland Revenue (IR) to ensure recovery of tax arrears.
Jan 21
Taxation, Top stories
FBR chairman issues directives to safeguard revenue, achieve targets
KARACHI: Asim Ahmed, Chairman, Federal Board of Revenue (FBR) on Saturday issued directives to tax offices to make all efforts to safeguard revenue.
Dec 10
Taxation, Top stories
FBR chairman directs chief commissioners to meet December collection target
KARACHI: Asim Ahmed, Chairman, Federal Board of Revenue (FBR) on Saturday directed chief commissioners to ensure meeting revenue collection target for the month of December 2022. The FBR chairman visited Large Taxpayers Office (LTO) Karachi and held meeting with Chief Commissioners of all the field formations stationed at Karachi. READ MORE: SRB says cases worth […]
Oct 16
National, Taxation, Top stories
Preventing currency smuggling top priority: FBR Chairman
ISLAMABAD: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) has said that prevention of currency smuggling is top priority of Pakistan Customs. The FBR chairman identified top priority arrears of the government to combat smuggling of currency, vehicles, and goods. Besides, prevention of mis-invoicing was also one of the top priorities, he added. READ MORE: […]
May 1
Taxation, Top stories
FBR chairman replaced despite massive collection growth
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 […]
Apr 29
Taxation, Top stories
Asim becomes 32nd FBR chairman
ISLAMABAD: Asim Ahmad has assumed as the 32nd chairman of the Federal Board of Revenue (FBR) from April 27, 2022. It is second term of Asim Ahmad to serve the apex tax agency of Pakistan. Prior the present posting, he served as FBR chairman during April 09, 2021 to August 24, 2021. He is the […]
Mar 22
Taxation, Top stories, Trade & Industry
Tax slabs reduction may be considered: FBR chairman
KARACHI: Dr. Muhammad Ashfaq Ahmed, chairman, Federal Board of Revenue (FBR) on Tuesday said reduction in income tax slabs may be considered. Addressing the business community at Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that existing income tax slabs were implemented after due consideration. Earlier, the business community pointed out high number […]
Mar 21
Taxation, Top stories, Trade & Industry
Withholding tax should be on income: FBR Chairman
KARACHI: Dr. Muhammad Ashfaq Ahmed on Monday said the withholding tax (WHT) should be levied on income rather than on transactions. He was addressing at Karachi Chamber of Commerce and Industry (KCCI). Dr. Ashfaq said that he would recommended abolishing further tax. Besides, he said that rationalizing import tax would help in easing inflation. Pakistan […]
Mar 20
Taxation, Top stories
UAE favorite hiding for Pakistan assets: Dr. Ashfaq
Dr. Muhammad Ashfaq Ahmed, who is currently Chairman of Federal Board of Revenue (FBR), in his one of research papers pointed out that the United Arab Emirates (UAE) is favorite destination for parking offshore undisclosed funds by Pakistanis. “The UAE with a tally of Rs346.2 billion turned out to be the favorite most destination with […]
Jan 26
Taxation, Top stories
FBR eyes Rs6 trillion collection in current fiscal year
ISLAMABAD: Dr. Ashfaq Ahmed, Chairman, Federal Board of Revenue (FBR) on Wednesday hoped that the revenue collection for the current fiscal year will increase to Rs6 trillion – surpassing the target of Rs5.83 trillion. “Our revenue target is Rs 5.830 trillion which is expected to increase till Rs6 trillion by June 2022. We have collected […]