Tag Archive | "FBR"
No plans to slash tax exemptions on food, medicines: FBR
ISLAMABAD: Federal Board of Revenue (FBR) while clarifying a news item appearing in a section of the press attributing a statement to Chairman FBR in the context of tax exemptions has stated that what he had mentioned six days earlier has been quoted totally out of context. In an official statement, FBR has clarified that [...]
Continue reading...Customs officials seize 372kgs drugs
Wednesday, November 26, 2008
Islamabad: Directorate General Intelligence (DGI) and FBR Customs officials have seized charas and opium weighing 372 kgs and taken possession of a truck being used to smuggle the drugs from Peshawar into Punjab, says a press statement issued on Wednesday. The raid was conducted by officials of the Directorate General Intelligence and Investigation of the FBR [...]
Continue reading...Informal economy getting larger, peak of crises yet to come
Thursday, October 9, 2008
Islamabad: Pakistan Economy Watch has said that the weakness of government and lax attitude of authorities has again pushed up the prices of wheat, flour, milk and fertilizers. Prices of pharmaceuticals will be hiked shortly. Profiteers have started hoarding sugar to milk commoners in near future. Value of everything increasing but human life, rupee Value of [...]
Continue reading...Export-oriented sectors exempted from WHT
Wednesday, October 1, 2008
ISLAMABAD: Federal Board of Revenue (FBR) has decided to exempt 10 percent withholding tax on electricity consumed by five zero rated export oriented sectors: textile, leather, sports goods, carpets and surgical instruments. All export oriented industrial units which have been zero rated from sales tax would be eligible to get exemption benefit of 10 percent withholding [...]
Continue reading...FBR extends date for filing IT returns up to Oct 31
Wednesday, October 1, 2008
ISLAMABAD : Federal Board of Revenue (FBR) has extended the last date for filing of income tax returns up to October 31 to facilitate the taxpayers. The one-month extension has been granted following representations received by the FBR from various chambers of commerce & industry, tax bar associations, trade bodies, advocates/income tax practitioners and taxpayers [...]
Continue reading...FBR exempts ADB from taxes
Saturday, September 27, 2008
ISLAMABAD: Federal Board of Revenue (FBR) has exempted the Asian Development Bank (ADB) from payment of all taxes, including payment and collection of withholding taxes, says an official statement issued here Saturday. It said the exemption was already being enjoyed by the ADB under a proviso to section 54 of the Income Tax Ordinance, 2001. However, [...]
Continue reading...ECC meets to review economic situation
Tuesday, September 23, 2008
ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) which met here on Tuesday under the chairmanship of Prime Minister Syed Yousuf Raza Gilani reviewed the price situation and it was informed that sensitive price indicator has registered decline during the last two consecutive weeks of this month. The prices of 17 items have registered increase, [...]
Continue reading...FBR asked to rescind order-in-appeal
Friday, September 5, 2008
ISLAMABAD: Federal Tax Ombudsman Justice ® Munir A. Sheikh has asked Federal Board of Revenue (FBR) to rescind Order-In-Appeal and Order-In-Original issued by Sales Tax Department to the Complainant. This decision was taken by the FTO on the complaint of M/S Chiniot Enterprises (Pvt.) Ltd. Haripur against non issuance of refund by the Department. Popularity: [...]
Continue reading...FPCCI for completion of reform process in FBR
Saturday, August 9, 2008
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded of the government to take the reforms process in Federal Board of Revenue to its completion. The demand was made at a farewell luncheon hosted by FPCCI in honour of former FBR Chairman Abdullah Yousuf. President SAARC Chamber, Tariq Saeed, in his address [...]
Continue reading...FBR allows packing material with sales tax @ 15% for three months
Friday, June 27, 2008
ISLAMABAD: After the amendments in the Sales Tax Act, 1990, through the Finance Act, 2008, the applicable rate of sales tax on items in Third Schedule of The Sales Tax Act, 1990, has been increased to 16% with effect from 1st July 2008 through the Finance Bill 2008. Manufacturers of items specified in Third Schedule [...]
Continue reading...FBR directs to show record to check excesses of the official
Monday, May 26, 2008
ISLAMABAD: Federal Tax Ombudsman Justice Retired Munir A. Sheikh has directed Federal Board of Revenue (FBR) to re-open order-in-original issued by the Principal Appraiser Customs Department, Lahore to M/S Uni Build Associates, Lahore in connection with the import of Air-conditioning units for installation at the Lahore General Hospital under an award of contract in order [...]
Continue reading...FBR imposes ban on posting/ transfer of its employees
Thursday, May 22, 2008
ISLAMABAD: As the preparations for the forthcoming Federal Budget 2008-09 are in full swing, Federal Board of Revenue has imposed ban on posting/transfer of its employees with immediate effect and till 30th June, 2008. This decision will be effective for FBR Head Office and all its relevant field offices. This decision will also help the [...]
Continue reading...FBR to arrange pre-budget seminar on May 12
Wednesday, May 7, 2008
ISLAMABAD: Federal Board of Revenue, in collaboration with Federation of Pakistan Chambers of Commerce & Industry would organize a Pre-Budget Seminar on 12th May at National Library Auditorium. Federal Minister for Finance, Revenue, Economic Affairs & Statistics, Mr. Muhammad Ishaq Dar will be the Chief Guest. Secretary General, Revenue Division & Chairman, Federal Board [...]
Continue reading...FBR reveals Hyderabad sugar mills as sales tax short filers
Sunday, April 27, 2008
ISLAMABAD: In its ongoing sales tax field audit, The Federal Board of Revenue has detected short filing and short payment in sugar mills in Hyderabad. According to sources, the inspection of tax records confirmed that most of the sugar mills in Hyderabad are short-filers of sales tax returns including short-payment of sales tax; violation of [...]
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Asides 
The DAWN Group of Newspapers, published by the Pakistan Herald Publications (Pvt.) Limited (PHPL) was founded by the Quaid-e-Azam, Mohammad Ali Jinnah, the father of the nation. The group began its publication, the DAWN newspaper, in 1947 immediately after independence and has ever since emerged as one of the high brow English Newspaper of pakistan with huge circulation. This newspaper has a wide readership because it is trend setter and its editorials always choose an independent and pro Pakistan policy. This is the most read newspaper in specific classes e.g. Ambassadors, Ministers, Professors, Teachers and Students. Dawn has recently launched English News Channel that has been running successfully.
Dawn has an extremely neat and easily navigating website including the left sidebar. All important links show different pages of hard version of Newspaper that makes easy for the readers and visitors to pick the link they are interested in; including Front Page, National, International, Local, Business, Editorial and Opinion.. Website has segregated its columnists in the same side bar and links to their Mags. Website gives link to the Online Dawn News. The news in Pics is very praiseworthy feature of the site.
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Thursday, January 1, 2009
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