Lahore: Secretary, Jamaat e Islami, Economic Committee and a former Member, FBR, Sarfraz Ahmed Khan, has said the government ad-hoc policy to run power plants by gas after suspending gas supply to fertilizer plants would create serious shortage of chemical fertilizers, especially Urea for the next Kharif crop causing a ... Read More »
Lahore: Federal Board of Revenue has said the government has decided not to put extra burden on masses through increasing sales tax in upcoming budget. While talking to media,Member FBR Shahid Hussain Asad said rate of sales tax will remain 17 percent in the budget.Instead of increase in sales tax, FBR ... Read More »
Lahore: Facilitation and Taxpayer Education Wing of FBR held a workshop on e-portal services and role responsibilities of withholding agents at Regional Tax Office (RTO), Multan today. Representatives from Multan Chamber, Tax Bar and major Tax deducting authorities attended the workshop. Hafiz Muhammad Jamil Owaisi, Chief Commissioner RTO Multan presided ... Read More »
Islamabad: After failing to achieve targets, the FBR has started pursuing its tested policy of ignoring tax evaders while squeezing taxpayers and it has started harassing the business community of Islamabad. It is said that over a dozen popular outlets have been raided with the help of police to confiscate record ... Read More »
Lahore: Finance Minister Ishaq Dar has said achieving the revenue target is imperative to to develop programs for future of the country. Addressing the conference of FBR officials in Islamabad today, he was confident that the FBR has the capacity to achieve the revenue target. He said 1574 billion rupees have been ... Read More »
Lahore: The economic policies of the PML(N) government during its first six months have been a complete failure and have added to poverty, price hike and unemployment, Secretary General, Jamaat e Islami, Liaqat Baloch and Secretary, JI Economic Committee, former Member, FBR, Sarfraz Ahmed Khan, told a press conference here ... Read More »
Lahore: Mian Muhammad Mansha, Chairman, Nishat Group and MCB Bank has suggested the privatization of all public sector corporations as the only way out of the grave circumstances the country is suffering from, today. He was addressing the inaugural session of Media Advocacy Centre (MAC) at Royal Palm Country Club ... Read More »
Islamabad: FBR has directed all Inland Revenue Offices to remain open till 08:00 PM on Saturday 29th September and till 10:00 PM on Sunday 30th September, 2012 to facilitate the taxpayers in filing their Income Tax returns. As requested by the Federal Board of Revenue, the State Bank of Pakistan ... Read More »
Lahore : Pakistan Cricket Board today made the following statement in response to freezing of PCB bank account by FBR and recovery of withholding tax from the account. The PCB spokesman said that FBR did not serve any notice to PCB before recovering money from PCB bank account and an ... Read More »
Lahore: Federal Board of Revenue clarifies with reference to a news item published in a section of press on 14-09-2012 that the employees of the Board are allowed performance allowance equal to their running basic pay by the Federal Government. This allowance is admissible irrespective of grades and status of ... Read More »
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