As per details, the FBR will ‘impose’ tax on retailers operating in four provincial capitals of Pakistan in the first phase. The move will generate income of around Rs100 bln. Sources knowing the matter told ARY News that the tax will be slapped on retailers according to the size of the shop and yearly income. […]
According to an FBR spokesperson, as many as 38 teams of FBR raided different markets and shops in Saddar, Jamsheed Town, Liaquatabad, Baldia, and SITE during an ongoing action against non-paid cigarettes. Non-duty-paid cigarettes were recovered in huge quantities. On August 23, 2023, Pakistan Customs foiled a bid to smuggle non-duty-paid goods from Quetta to […]
According to reports on Thursday, the Federal Board of Revenue (FBR) has agreed to tax shops in five major cities across the nation: Karachi, Islamabad, Lahore, Peshawar, and Quetta. According to the sources, the board has planned a scheme to raise Rs100 billion in revenue by imposing a tax on 3.5 million shopkeepers in selected […]
As per details, the FBR will ‘impose’ tax on retailers operating in four provincial capitals of Pakistan in the first phase. The move will generate income of around Rs100 bln. Sources knowing the matter said that the tax will be slapped on retailers according to the size of the shop and yearly income. The FBR […]
The Pakistan Customs Wing of the Federal Board of Revenue has implemented a new automated method; in the WeBOC system for scanning containerized import consignments of industrial raw materials in order to expedite their clearance at Karachi and Bin Qasim Port. Customs’ launch of the Non-Intrusive Inspection System; which was a long-awaited project aimed; at […]
The Federal Board of Revenue (FBR) is reportedly resisting a proposal by the International Monetary Fund (IMF) to implement additional taxes of Rs. 176 billion on the salaried class in the upcoming budget. The news report quoted sources saying that various taxes are under consideration to boost the income tax collection from the current level […]
Prime Minister Imran Khan was told Sunday that tax receipts had surpassed Rs2205 billion during the first six months of the current fiscal year. Chairing a meeting to review the tax reforms, the prime minister was briefed that owing to tax reforms, growth in a number of taxpayers had been witnessed. It was told that […]
Prime Minister Imran Khan recently expressed surprise at how difficult governing has been. He knows better than to pretend that he was surprised. The single most important characteristic he has sought in his political proxies and partners is the capacity to shout down, harass, abuse, and tar and feather those that dare warn Pakistanis about […]
FBR: The Federal Board of Revenue’s Large Taxpayer Unit in Islamabad on Wednesday sealed the main business premises of cellular company Jazz. It was alleged that non-payment of Rs-25.393 billion income tax for the tax year 2018. Earlier in the day, a notice was issued to Principal Officers Pakistan Mobile Communication Limited (PMCL); Aamir Hafeez […]
Pakistan has asked the International Monetary Fund (IMF) to relax the conditions for a mini-budget and increase in electricity prices at least till March next year after Prime Minister Khan again shot down both the proposals due to already high prices. About 10 days ago, the Ministry of Finance had sought the prime minister’s approval […]
