Author Archives: Faisal

Taxing wealth created in real estate, stock market advised


ISLAMABAD: The government has been advised to tax the wealth created in real estate and stock market besides there is need to lower corporate taxes.

FBR making all out efforts to achieve tax collection target: Dr. Irshad


ISLAMABAD: Dr. Muhammad Irshad, Chairman, Federal Board of Revenue (FBR) on Saturday that the revenue body is making all out efforts for reaching the current year tax collection target of Rs3,621 billion.

Rebasing the GDP exercise underway to capture emerging sectors: Finance Minister

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Saturday said that an exercise of rebasing the GDP is ongoing as many new sectors are emerging in the economy and they have not been covered in current statistics.

Budget 2017/2018 likely before Ramazan


ISLAMABAD: The government is likely to present federal budget 2017/2018 ahead of Ramazan or last week of May 2017.
Budget, as earlier decided is proposed to be presented before the National Assembly ahead of Ramazan as would be the Economic Survey 2016/2017. It was decided at a meeting chaired by Federal Minister for Finance Senator Mohammad Ishaq Dar on Wednesday to review state of preparations for the budget 2017-2018.

FBR notifies transfers of IRS officers BS-17-19


ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of Inland Revenue Service (IRS) officers (BS-17-19) with immediate effect and until further orders.

Pakistan, Switzerland sign tax treaty with revised exchange of information on OECD model


ISLAMABAD: Pakistan and Switzerland on Tuesday signed revised avoidance of double taxation treaty, which replaced the article on exchange of information with the new one reflecting the internationally accepted standards based on the OECD Model.

FBR promotes chemical examiners to BS-17


KARACHI: Federal Board of Revenue (FBR) on Monday announced promotions of Deputy Assistant Chemical Examiner (BS-16) in the Customs Laboratories at Karachi, Lahore and Faisalabad to the post of Assistant Chemical Examiner (BS-17) with immediate effect and until further orders.

FBR promotes customs officials to assistant collector post


KARACHI: Federal Board of Revenue (FBR) has announced promotions of superintendents/principal appraisers in the Pakistan Customs Department to the post of Assistant Collector (BS-17) in Pakistan Customs Service (PCS) with immediate effect and until further orders.

MCC Islamabad announces public auction of confiscated vehicles on March 21


ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has announced public auction of confiscated/surrendered vehicles to be held on March 21, 2017.

FBR conducts third party survey of retailers after amnesty failure


ISLAMABAD: After the failure of amnesty scheme, the Federal Board of Revenue (FBR) has decided to conduct third party survey to identify the number of retailers in the country to bring them into tax net.