Daily Archives: September 13, 2017

No need of any IMF program; direct taxes share to be increased further: Finance Division

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ISLAMABAD: There seems to be no need for any international program including IMF for any bailout considering the debt dynamics have shown sustainability, said a spokesman of Finance Division on Wednesday.

FBR seeks large organizations’ help for increasing salary returns

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ISLAMABAD: Federal Board of Revenue (FBR) has started an extensive drive to boost the filing of income tax returns by reaching out to large public and private sector organizations and companies, facilitating their employees with taxable income to file their tax returns.

Dar reviews revenue collection progress

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Wednesday chaired a high level meeting at Federal Board of Revenue (FBR) to review progress of revenue collection in the current fiscal year.
Special Assistant to Prime Minister on Revenue, Haroon Akhtar was also present.

Period extended for subsidized wheat/wheat products exports

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KARACHI: The government has approved extension in period for subsidy on exports of wheat and wheat products, State Bank of Pakistan (SBP) said on Wednesday.

Tax collected on import of plastic raw material made minimum tax

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ISLAMABAD: Federal Board of Revenue (FBR) has explained the important changes to Income Tax Ordinance, 2001 made through Finance Act, 2017 and said that tax collected on import of plastic raw material would constitute minimum tax on income of an importer.