Monthly Archives: June 2017

POL prices reduced for July; Rs2.4bn cost to exchequer

ISLAMABAD: The government on Friday reduced petrol and diesel prices by Rs1.50 per liter for the month of July 2017, which will cost Rs2.4 billion to the national exchequer. The prices of kerosene and light diesel, however, kept unchanged to the level of June.

FBR nominates 50 IRS BS-18 officers for promotion training

KARACHI: Federal Board of Revenue (FBR) has nominated 50 officers of Inland Revenue Service (IRS) of BS-18 for mid-career course, which is mandatory for promotion into next scale.

KCCI criticizes injustice in sales tax on mobile phones

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has opposed uniform sales tax rates for all type of mobile phones saying that it is injustice to down trodden segment of society.

Irfan Javed assumes post of Director Intelligence and Investigation

ISLAMABAD: Irfan Javed, BS-20, officer of Pakistan Customs Service has assumed charge of the post of Director, Directorate of Intelligence and Investigation, FBR, Quetta and Gwadar.

Dar assures FBR of full support achieving 2017/2018 revenue collection target

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has assured Federal Board of Revenue (FBR) of full support in achieving revenue collection target of Rs4,013 billion for the fiscal year 2017/2018.

Regulatory duty up to 35pc imposed on various steel products under SRO 505(I)/2017

KARACHI: Federal Board of Revenue (FBR) has imposed regulatory duty up to 35 percent on import of various steel products in order safeguard local industry.

List of goods attracting 25pc regulatory duty under SRO 505(I)/2017

KARACHI: The government has imposed regulatory duty at 25 percent on import of various goods in order to boost revenue collection and discourage import of non-essential and luxury goods.

Eid-ul-Fitr Mubarak

Eid-Mubarak [Pakistan Revenue] wishes all its readers a Happy Eid Mubarak.

Over 7,000 taxpayers become active

ISLAMABAD: At least 7000 taxpayers have filed their income tax returns during a week to include their names into Active Taxpayers List (ATL) 2016 to get concessionary rate of withholding taxes.

Custom House Karachi to remain open on June 25 and 28 for revenue collection

KARACHI: Model Customs Collectorate (MCC) Appraisement West on Thursday announced that Custom House Karachi will remain open on Sunday June 25 and Wednesday June 28 on account of collection of duty and taxes.