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BUSINESS
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…
FBR shows 5 % growth in revenue for Dec-Jan 2020
ISLAMABAD: The Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the first six months of current year.
According to the provisional information, FBR collected a net revenue of Rs.2204 billion,…
PM package for construction sector ;FBR issues important clarification
ISLAMABAD: The Federal Board of Revenue has issued a clarification regarding extension in Prime Minister’s Construction package.FBR has stated that last date for seeking immunity by builders and developers from probing their source of…
FBR confiscates smuggled goods worth Rs 29 billion
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday said it seized smuggled goods valuing Rsl 29 billion from July to December, 2020, showing 37 percent increase in comparison with the seized smuggled goods of previous year in the…
FBR issues refunds of Rs 144 billion in current fiscal year
ISLAMABAD; The Federal Board of Revenue (FBR) has said it issued refunds of Rs 144 billion In the current financial year (July to December,) 2020 against only Rs. 76 billion last year have been issued which has shown an increase of 89…
Action underway against benami tranactions
ISLAMABAD: The Benami Transactions Adjudicating Authority (BTAA) has confirmed 27 references involving amount of Rs. 7.4 billion filed against benami transactions by the three Anti-Benami Zones in Islamabad, Karachi, and Lahore which…
LoU inked between FBR, FGEI
ISLAMABAD; In line with the vision of prime minister for promoting taxation system in the country, a special signing ceremony of Letter of Understanding (LoU) between Directorate of Federal Government Educational Institution cantonments…
FBR issues clarification on turnover from disposal of closing stock under FTR
ISLAMABAD; The Federal Board of Revenue (FBR) has issued a clarification regarding the treatment of closing stock at the time of change of taxation regime form final to minimum tax. Lahore Chamber of Commerce and Industry in its…
