FBR notifies transfers 16 IRS officers of BS-18-20

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of 16 Inland Revenue Service (IRS) officers of BS18-20 with immediate effect and until further.

FBR notifies transfers of senior officers of Inland Revenue, Pakistan Customs

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified transfers and posting of senior officers of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) with immediate effect and until further orders.

FIA asked to probe fraudulent emails sent to taxpayers

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ISLAMABAD: Federal Board of Revenue (FBR) has approached Federal Investigation Agency (FIA) to probe fraudulent emails designed to defraud the taxpayers and to expose the culprits behind nefarious activity.

Banks surpass agriculture credit disbursement target for 2016/2017

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KARACHI: Banks have surpassed the agricultural credit disbursement target of Rs700 billion set by Agricultural Credit Advisory Committee (ACAC) for FY 2016-2017. Banks have disbursed Rs 704.5 billion which is 17.8 percent higher than the last year’s disbursements of Rs 598.3 billion, said a statement issued by State Bank of Pakistan (SBP) on Wednesday.

Parliamentarians tax declaration to be published for fourth consecutive year

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ISLAMABAD: The federal government has decided to make public the tax details declared by parliamentarians for tax year 2016 for the fourth consecutive year.

Bajwa’s appointment as SBP governor not violation: clarification

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ISLAMABAD: The federal government has clarified that the appointment of Tariq Bajwa as the governor of State Bank of Pakistan (SBP) is not in violation of SBP Act 1956.

17.5pc withholding tax to be collected from non-filers on profit from Islamic bond

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KARACHI: Federal Board of Revenue (FBR) has said that a non – filer of income tax return is required to pay 17.5 percent on return received on investment made in Islamic bond i.e. Sukuk.

FBR issues draft return form tax year 2017 for salary, business individuals

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KARACHI: Federal Board of Revenue (FBR) has issued draft income tax return form tax year 2017 for salary and business individuals for taking stakeholders’ feedback.

Dividend payers require to collect 20pc withholding tax from non-filers

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KARACHI: Federal Board of Revenue (FBR) has said that a person paying dividend is required to collect 20 percent withholding tax from non-filers of income tax returns on the gross amount of dividend paid.

SBP keeps policy rate unchanged at 5.75pc on expected growth

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KARACHI: State Bank of Pakistan (SBP) has kept the key policy rate unchanged at 5.75 percent in its first monetary policy decision of fiscal year 2017/2018 announced on Saturday.