Daily Archives: February 28, 2018

FBR revenue collection grows by over 17pc to Rs2,259 billion in eight months

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs2,259 billion during July – February 2017/2018 (first eight months) as compared with Rs1,920 billion collected in the corresponding period of the last fiscal year, showing 17.65 percent growth.

FBR announces sharp increase in sale tax on POL products

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified significant increase in sales tax rate on supply of kerosene oil and light diesel oil.

Tax mechanism on immovable property not to be changed: Rana Afzal

KARACHI: Rana Muhammad Afzal, Minister of State for Finance and Revenue, on Wednesday ruled out any change in taxation mechanism for immovable property transactions on the basis of valuation prescribed by Federal Board of Revenue (FBR).

POL product prices increased up to Rs6.28 per liter

ISLAMABAD: The government on Wednesday approved increase in prices of petroleum products effective from March 01, 2018.

FBR allows performance allowance to lady appraising officers

ISLAMABAD: Federal Board of Revenue (FBR) has allowed performance allowance equal to 100 percent of minimum of basic pay to lady appraising officers (BS-16) of Model Customs Collectorate (MCC) Islamabad.