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BUSINESS
ADRC quick solution to legal cases: FBR says
ISLAMABAD: The Federal Board of Revenue (FBR) is making all out efforts by taking several steps to improve the disposal of tax litigation cases pending in different appellate fora including Commissioners Inland Revenue (Appeals), Appellate…
FBR passes 7- month revenue target by Rs 20 billion
ISLAMABAD: The Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the first seven months of current year. According to the provisional information, FBR has collected net revenue of Rs.2570 billion…
Fauji Fertilizer Company announced annual financial results for 2020
ISLAMABAD : The Fauji Fertilizer Company (FFC) has announced its financial results for the year ended December 31, 2020 with net profitably of Rs 20.82 billion.
The profitability translated into Earning Per Share (EPS) of Rs 16.36 which…
Pakistan Customs gears up for more good work, FBR chairman says
ISLAMABAD: To mark the International Customs Day on January 28, 2021, a small ceremony was held in Model Customs Collectorate, Islamabad.
in view of precautionary measures of Covid-19. Chairman FBR Muhammad Javed Ghani graced the…
FBR issues clarification on Sales Tax on IT Services, IT Enabled Services
ISLAMABAD: The Federal Board of Revenue (FBR) has issued clarification regarding imposition of 16 % sales tax on IT services and IT enabled services. FBR has on Saturday said IT and IT enabled services were subject to sales tax at 16 %…
ECC approves import of sugar, wheat
The Economic Coordination Committee (ECC) of the Federal Cabinet on Wednesday endorsed a request of the ministry of Industries and Production for import of white and raw sugar. Advisor to Prime Minister on Finance and Revenue ,Dr. Abdul…
Trading across border index: Pakistan jump up 31 points
ISLAMABAD; In a major achievement towards ensuring ease of doing business, Pakistan has improved 31 positions (from 142nd to 111th) on the rank of Trading Across Border Index. Federal Board of Revenue made trading across borders easier by…
FBR strategy gives exports growth
ISLAMABAD: The Federal Board of Revenue has devised an integrated strategy which has amply contributed to significant increase in exports of Pakistan from $ 1.6 billion (in August, 2020) to $ 2.4 billion (in December, 2020).
Growth in…
FBR forms committee to simplify ATR form
ISLAMABAD: As a part of various reform initiatives and in pursuance to the special instructions of the prime minister, Chairman, Federal Board of Revenue has constituted a committee for timely designing/finalization and simplification of…
“Get enlisted in ATL, get financial benefits” : FBR says
ISLAMABAD: The Federal Board of Revenue (FBR) has urges taxpayers’ to file returns and be part of active taxpayers lisy (ATL).
According to FBR spokeman, filing of income Tax returns (ITRs) has improved significantly during Tax Year…
