Author Archives: Faisal

IR senior officer awarded ‘removal from service’ for corruption

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed major penalty upon Muhammad Mustafa Kamal, BS-19 officer of Inland Revenue Service, presently posted as Additional Commissioner-IR, Regional Tax Office III, Karachi on the charges of inefficiency, misconduct and corruption.

Cabinet ratifies agreement between Pakistan, Hong Kong for avoidance of double taxation

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ISLAMABAD: The federal cabinet has ratified agreement between Pakistan and Hong Kong – Special Administrative Region of the People’s Republic of China – for the avoidance of double taxation and the prevention of fiscal evasion with respect of taxes on Income.

FBR issue advisory against fake e-mails asking for taxpayers bank account details

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ISLAMABAD: Federal Board of Revenue (FBR) has advised taxpayers for not sharing their bank account details and password to any email sent from a fake FBR email address.

Dar directs customs officers to double efforts in achieving revenue target

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has directed customs officers to double their efforts to meet collection target for the current fiscal year.

FBR notifies transfers, postings of BS-19-20 IRS officers

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ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of BS-19-20 officers of Inland Revenue Service (IRS) with immediate effect and until further orders.

SECP extends date to Sept 30 for providing information of shareholders having interest in foreign companies

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has extended the deadline to September 30, 2017 for companies for providing information of shareholders having interest in foreign companies.

Tax directory 2016 shows 13.23pc increase in return filers

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ISLAMABAD: The number of income tax return filers has increased by 13.23 percent in one year, according to directory of all taxpayers issued by Federal Board of Revenue (FBR) on Friday.

Trade deficit widens by 55.46pc in first month of 2017/2018

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ISLAMABAD: Pakistan’s balance of trade started with deficit of $3.2 billion in the first month of 2017/2018, which was higher 55.46 percent when compared with the same month of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Thursday.

FBR notifies transfers, postings of BS-17-20 IRS officers

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ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified transfers and postings of Inland Revenue Service (IRS) officers of BS-17 to BS-20 with immediate effect until further orders.

FBR issues refunds amounting Rs26.43bn in first phase

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ISLAMABAD: Federal Board of Revenue (FBR) has issued refunds amounting Rs26.43 billion in the first phase against 10,439 Refund Payment Orders (RPOs).