Author Archives: Faisal

Dr. Irshad given look after charge of FBR chairman

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ISLAMABAD: The government is remained indecisive on appointing new chairman of Federal Board of Revenue (FBR) as Nisar Muhammad Khan BS-22 officer retired on Wednesday leaving the post vacant.

SBP to repay $500 million Chinese loan on Jan 23

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ISLAMABAD: State Bank of Pakistan (SBP) has been directed to repay a loan of $500 million to the Chinese State Administration of Foreign Exchange (SAFE) upon its maturity on January 23, 2017.

FBR restores performance allowance of 20 customs officials on filing asset declaration

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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday restored performance allowance of 20 Customs officials (BS-16) on submission of their asset declaration.

FBR imposes major penalty ‘removal from service’ on Customs superintendent for corruption, misconduct

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty of removal from service upon a superintended of Pakistan Customs Service (PCS) on the charges of corruption and misconduct.

New FBR chairman name to be finalized today

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ISLAMABAD: The government is set to finalize new chairman of Federal Board of Revenue (FBR) today (January 17) as Nisar Muhammad Khan, the outgoing chairman is retiring on January 18.

Zero percent sales tax being charged on kerosene, light diesel oil: finance minister

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ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Monday said that the government is charging zero percent sales tax on kerosene and light diesel oil in order to provide relief to poor consumers.

SECP’s registration offices to remain open on Saturdays

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Monday announced that its company registration offices (CROs) will remain open on Saturdays from 9:00 AM to 1:00 PM from February 01, 2017 onwards.

Integration of stock exchanges landmark achievement: FBR

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ISLAMABAD: Nisar Muhammad Khan, Chairman, Federal Board of Revenue (FBR) has said that the integration of Stock Exchanges into Pakistan Stock Exchange was a landmark achievement of SECP and so was the Companies’ Bill 2016.

FBR notifies sales tax changes on POL products

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ISLAMABAD: Federal Board of Revenue (FBR) on Sunday issued notification for change in sales tax rate on the petroleum products after the announcement of the government for increase in POL products.

Petroleum prices increased for next fortnight

ISLAMABAD: The government after realizing the revenue shortfall has decided to pass on the impact of higher prices of petroleum products to consumers.