Amnesty scheme will not for public office holder: Asad Umar

Apr 4

Finance

Amnesty scheme will not for public office holder: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Wednesday said that if the government introduces any tax amnesty scheme then it will not applicable for public office holders. While talking to media the finance minister attributed to negative revenue collection growth to low performance of Federal Board of Revenue (FBR) and many other factors. He said that […]

by Faisal Shahnawaz

ECC approves import of 100,000 tons of urea

Apr 3

Finance

ECC approves import of 100,000 tons of urea

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved immediate import of 100,000 tons of urea to facilitate farmers.

by Faisal Shahnawaz

Another tax amnesty scheme amid claims to bring back looted money

Apr 2

Taxation

Another tax amnesty scheme amid claims to bring back looted money

ISLAMABAD: The tall claims of present ruling party for bringing back looted money into the kitty are fading away as the PTI government is introducing a tax amnesty for looter and plunderers. Finance Minister Asad Umar on Tuesday confirmed that the PTI government is going to announce new tax amnesty for undeclared foreign and domestic […]

by Faisal Shahnawaz

Mar 27

Finance

Asad Umar meets IMF mission chief

ISLAMABAD: Finance Minister of Pakistan Asad Umar met the IMF Mission Chief Ernesto Ramirez Rigo in Islamabad, on Tuesday. The minister and the Mission Chief discussed all issues including fiscal, monetary, structural reforms and energy sector, a statement said. Asad Umar briefed Ramirez Rigo about the steps taken by the government for improving the economy […]

by Faisal Shahnawaz

Asad Umar reviews revenue collection, broadening of tax base

Mar 19

Taxation

Asad Umar reviews revenue collection, broadening of tax base

KARACHI: Finance Minister Asad Umar on Monday reviewed the revenue collection progress and ongoing drive of broadening of tax base at a meeting with senior officials of Federal Board of Revenue (FBR).The meeting was attended by Member Inland Revenue Operations Ms. Seema Shakil, Member Customs Operations Agha Jawad, Chief Commissioners Inland Revenue and Chief Collectors […]

by Faisal Shahnawaz

New tax amnesty scheme to be considered: Asad Umar

Mar 9

Taxation

New tax amnesty scheme to be considered: Asad Umar

Finance Minister Asad Umar announced on Saturday that the government is contemplating the implementation of a new tax amnesty scheme, driven by proposals received from the business community.

by Faisal Shahnawaz

Non-filers allowed purchase of locally assembled vehicles

Mar 6

Supplementary Budget 2019, Taxation

Non-filers allowed purchase of locally assembled vehicles

ISLAMABAD: The federal government has allowed non-filers of income tax returns to purchase of locally assembled motor vehicles of any engine capacity. Finance Minister Asad Umar in his speech on floor of the house on Wednesday while passing the Finance Supplementary (Second Amendment) Bill, 2019, said that in order to address the concerns of local […]

by Faisal Shahnawaz

Steps afoot to rationalize tax regime: Asad Umar

Feb 19

Trade & Industry

Steps afoot to rationalize tax regime: Asad Umar

Finance Minister Asad Umar reiterated the government’s commitment to fostering a more supportive environment for taxpayers on Tuesday, announcing steps toward the rationalization of the tax regime.

by Faisal Shahnawaz

Income tax returns, sales tax procedure to be simplified: Asad Umar

Jan 28

Trade & Industry

Income tax returns, sales tax procedure to be simplified: Asad Umar

KARACHI: Finance Minister Asad Umar has expressed his resolve to simplify income tax return forms and sales tax procedure to facilitate business community.

by Hamza Shahnawaz

Finance Minister Asad Umar Unveils Economic Reform Package to Boost Investment and Exports

Jan 23

Supplementary Budget 2019, Taxation

Finance Minister Asad Umar Unveils Economic Reform Package to Boost Investment and Exports

On Wednesday, Finance Minister Asad Umar took the floor of the house to present a comprehensive economic reform package aimed at promoting investment and exports in Pakistan.

by Mrs. Anjum Shahnawaz