Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Condemning cowardice attack on Malala Yousufzai and other girls, the Federal Cabinet on Thursday expressed determination to continue fight with vigor to root out terrorism and militancy in the region. The Cabinet, which met under the chair of Prime Minister Raja Pervez Ashraf, also prayed Almighty Allah for early recovery of all the girls. The […]
Islamabad: Federal Board of Revenue (FBR), in a bid to facilitate the Pakistani exporters, has decided to withdraw the regulatory duty on (lead) goods manufactured from imported raw materials. A notification issued by FBR here said that the Federal Government has amended Notification No. SRO-594(I)/2009 dated June 25, 2009. The notification further said, "Provided that […]
Unpaid income tax dues: FBR freezes PTA Accounts Islamabad: (Tuesday, May 29, 2012) In a bid to achieve its otherwise over ambitious revenue collection, the Federal Bureau of Revenue (FBR) has started to make frantic efforts. In this regards, it has decided to not to give further relaxation to the institutions that have been witnessing […]
CNG dealers threatens to go on strike unless the petroleum ministry retract the price hike Monday, April 2, 2012: Compressed natural gas (CNG) dealers all across Pakistan have threatened to go on an indefinite strike unless the petroleum ministry retract the price hike that it has set at start of this month. CNG dealers are […]
According to an estimate, only 0.5 million out of 180 million people, apart from salaried class, file any tax returns in the country. Unfortunately, the paid civil bureaucracy, the judiciary and our political parties have consent in making such a pathetic situation. Despite the country has been ruled by army, politicians and technocrats, no solid […]
Federal Board of Revenue unable to meet its target in January Wednesday, February 1, 2012: Federal Board of Revenue (FBR) tax collection for the month of January falls short of its target. According to commendable sources, the tax collecting institute needed to collect Rs140 billion for January, however, it was only able to accumulate somewhere […]
Federal Board of Revenue to collect Rs54 billion in payable taxes within five days Saturday, January 28, 2012: The Federal Board of Revenue (FBR) is stuck with an uphill task of collection Rs54 billion payable in taxes within next five days to meet the requirements of first half. If the tax collecting institution fails to […]
Federal Board of Revenue (FBR) has exposed a massive income tax evasion case in Faisalabad on Wednesday. The new intelligence wing of the authority unearthed the scandal, which involved benami bank transactions, under which huge taxable income was channeled in the hands of a low-paid employee through a local bank, who was not an existing […]
Government not interested in the import of LNG The government of Pakistan move to import Liquefied Natural Gas (LNG) has received several hurdles, including the hike in international price of the product and the government’s own reluctance to kowtow to international practises by offering a sovereign guarantee to firms presently bidding to import the gas. […]
Federal Board of Revenue (FBR) has ignited rage among the exporters with its most recent notices, requiring the exporters to submit piles of records to the government authority. FBR has issued notices to exporter across the country seeking sales tax records under Section 25 of the Sales Tax Act 1990. The exporters are required to […]
Federal Board of Revenue still unclear on Hummer’s classification Federal Board of Revenue (FBR) is yet to make a decision whether General Motors signature car, Hummer, be classified as a luxury or commercial vehicle. According to the law, taxes levied upon imported vehicles vary as per their category. If a car is classified as a […]
