Tag: FBR

Government aware of textile sector’s economic importance: Hassan

PAR Apr 15, 2017 0

Government is fully aware of the economic importance of textile sector and it was in this respect that Prime Minister Nawaz Sharif has announced a spe...

Exporters fear loss as duty drawback payment delayed

PAR Apr 10, 2017 0

The value-added textile exporters are exposed to heavy financial losses as they have passed on the benefit of cut in cost to the international buyers...

Liquidity crisis causes decline in textile export:FCCI

PAR Apr 5, 2017 0

The liquidity crisis is the fundamental cause of decline in textile export and government must arrange immediate payment of all refund claims to harve...

AFU facing decline due to too many exemptions on imports: Shahid Jan

Faizan Haroon Apr 3, 2017 0

ISLAMABAD: There are too many exemptions on imports under the head of Income Tax. Because of this, the Air Freight Unit (AFU) has been facing decline...

PM approves national single window to boost trade

PAR Mar 31, 2017 0

ISLAMABAD: Prime Minister Nawaz Sharif has approved the establishment of a national single window (NSW) for managing Pakistan’s external trade, a seni...

FBR to stop issuing notices to ginners

PAR Mar 17, 2017 0

The chairman of the Federal Board of Revenue, Dr Muhammad Irshad, on Thursday instructed regional tax officers to stop the issuance of notices to ginn...

Government made Rs 13.163 billion payment against fertilizer cash subsidy: Senate informed

PAR Mar 16, 2017 0

The Senate was informed on Wednesday that the government made payment of Rs 13.163 billion against announced fertilizer cash subsidy. During the quest...

FST adjourns hearing of eight service matters filed by FBR employees

PAR Feb 25, 2017 0

ISLAMABAD: The Federal Service Tribunal adjourned the hearing of eight service matters filed by employees of the Federal Board of Revenue (FBR). The...

Customs & regulatory duties amount up to 15% of FBR’s total receipts

Faizan Haroon Feb 21, 2017 0

ISLAMABAD: Customs and Regulatory duties amount up to 15% of the total receipts collected by the Federal Board of Revenue (FBR). FBR through its enfor...

WHO and FBR working on proposals relating to tobacco taxation

PAR Feb 6, 2017 0

World Health Organisation (WHO) and Federal Board of Revenue (FBR) are jointly working on proposals relating to tobacco taxation, Federal excise duty...

Poultry feeds: 17 percent ST imposed on certain ingredients

PAR Feb 2, 2017 0

The Federal Board of Revenue (FBR) has imposed standard rate of 17 percent sales tax on certain ingredients of poultry feed ie Palm Kernel Cake, Linte...

Showing increased collection: FBR seeks notice of incident

PAR Feb 2, 2017 0

The Federal Board of Revenue (FBR) has taken serious notice of an incident involving a tax official (deputy commissioner Inland Revenue, Regional Tax...

FBR gets no response from any tax haven

PAR Jan 30, 2017 0

The Federal Board of Revenue (FBR) has not received any response from nine foreign jurisdictions/tax havens about those having offshore companies/enti...

Need to enhance tax to GDP ratio stressed

PAR Jan 26, 2017 0

LAHORE: Pakistan has one of the lowest tax-to-GDP ratios among developing countries and the fact has been brought into light on a number of platforms...

Thirteen items: import duty exempted

PAR Jan 24, 2017 0

The Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on the import of 13 items including cotton, artificial staple...