Monthly Archives: January 2018

FBR maps 20,000 potential taxpayers for taking action


ISLAMABAD: Federal Board of Revenue (FBR) has initiated action against 20,000 potential taxpayers and so far issued 2,000 notices for registration.

FC Account deposits surge by 27pc on volatile exchange rate, SBP informed


KARACHI: The deposits in the foreign currency accounts have increased by 27 percent during the last one year to $6.1 billion due to prevalence of uncertainty in the foreign exchange market.

FBR officers BS-17 and above directed to declare dual nationality


ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday directed all its officers including Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) BS-17 and above to submit declaration in case of having dual nationality.

FBR increases sales tax on POL products


ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified increase in sales tax on petroleum products.

Currency notes with Bajwa’s signature to be issued from Feb 02


KARACHI: State Bank of Pakistan (SBP) on Wednesday said that it will issue currency notes bearing signature of the present governor of the central bank from February 02, 2018.

SBP directs banks to adopt agri credit management structure


KARACHI: Tariq Bajwa, the governor of State Bank of Pakistan (SBP) on Wednesday asked the commercial banks to set up agriculture credit committees comprising of all group heads in their institutions and personally head these committees.

Petrol per liter price increased by Rs2.98 to Rs84.51

ISLAMABAD: The government has further increased the prices of petroleum products for the month of February 2018. According to new prices of per liter petrol has been increased by Rs2.98 to Rs84.51 from Rs81.53.

FBR collects Rs2 trillion in July – January 2017/2018


ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs2 trillion during first seven months of current fiscal year, posting 17.71 percent growth when compared with Rs1.699 trillion in the corresponding period of the last fiscal year.

Power generating machines import declines by 26.13 percent


KARACHI: The import of power generating machines has declined significantly by 26.13 percent during first half of the current fiscal year owing to improvement in availability of electricity in the country.

40 probationary officers of BS-17 join Inland Revenue Service


ISLAMABAD: Federal Board of Revenue (FBR) has issued a list of 40 officers of BS-17, who have joined Inland Revenue Service (IRS) as probationary officers.