ISLAMABAD: Dr. Shamshad Akhtar, the Caretaker Finance Minister, shared that the Federal Board of Revenue (FBR) exceeded the tax collection target set by the International Monetary Fund (IMF) for the …
FBR
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Latest Updates
FIA Calls in Relative of Retired General Bajwa for Investigation of Suspicious Transactions
by Hamza Irshadby Hamza IrshadSuspicious Transactions LAHORE: The Anti-Money Laundering Circle (AMLC) of the Federal Investigation Agency (FIA) has summoned Muhammad Sabir Hameed, known as Mitthu, a close relative of former army chief Gen …
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The Federal Board of Revenue (FBR) in Pakistan has implemented new measures to combat smuggling between Afghanistan and Pakistan. Importers, customs agents, brokers, and transport operators need to submit a …
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ISLAMABAD: The caretaker government has established a task force for tax reform and appointed Dr. Shamshad Akhtar, the caretaker Finance Minister, as its chairperson. Arshad Saleem Tariq, a Member of …
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Economy
Pakistan’s Circular Debt Soars to Rs2.31 Trillion by June 2023
by Hamza Irshadby Hamza IrshadPakistan’s Circular Debt The Ministry of Energy’s latest circular debt report reveals a concerning 2.5% year-on-year increase, adding an additional Rs57 billion to the staggering Rs2.31 trillion in circular debt …
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Latest UpdatesNational
IT Ministry and FBR Collaborate to Expand the Taxpayer Base
by Hamza Irshadby Hamza IrshadTaxpayer Base Pakistan’s Ministry of IT and Telecommunication is partnering with the Federal Board of Revenue (FBR) to enroll more taxpayers, particularly non-filers of income tax returns. The objective is …
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On Friday, the National Electric Power Regulatory Authority (NEPRA) gave its approval for an increase in the electricity tariff for consumers, amounting to Rs 0.46 per unit. According to the …
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ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded the revenue target by Rs20 billion compared to the expected target of Rs649 billion for the second month of the ongoing …
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National
PIA Faces Financial Hurdles as FBR Freezes Bank Accounts Over FED Non-Payment
by Hamza Irshadby Hamza IrshadFinancial Hurdles KARACHI: The Federal Board of Revenue (FBR) took action on Thursday by freezing 13 bank accounts of Pakistan International Airlines (PIA) due to the non-payment of Rs8 billion …
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Economy
Chairman FBR informs realtors that there will be no tax exemption or preferential treatment
by Umar Sohailby Umar SohailISLAMABAD: During a meeting with a delegation of realtors, Malik Amjad Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), assured them that he would address their concerns …