Govt gives in to traders’ demands
–Traders with annual turnover of Rs100m would have to pay 0.5 per cent in tax –No action against CNIC violation till Jan 2020 ISLAMABAD: A protracted deadlock between the government and traders…
SC takes FBR to task over tax collection
ISLAMABAD: The Federal Board of Revenue’s (FBR) performance was questioned by the Supreme Court during a hearing on Thursday. Justice Gulzar Ahmed remarked that the board is turning into a burden for…
Government employees remain unregistered despite deadlines
LAHORE: The Federal Board of Revenue (FBR) has prepared a report of filers, non-filers and unregistered government employees of the federal and Punjab governments, which revealed that out of 3, 33,671 employees…
FBR launches probe against three senior PPP leaders for holding benami properties
ISLAMABAD: The Federal Board of Revenue (FBR) has started investigations against three top leaders of the Pakistan People’s Party (PPP) over benami property charges, Pakistan Today has learnt. According to informed sources, Benami Transactions…
No sovereignty without economic stability, says Gen Bajwa
–Army chief says Pakistan going through difficult economic situation due to fiscal mismanagement –Says army understands govt’s difficult but quintessential decisions for long term economic benefits ISLAMABAD: Chief of Army Staff (COAS) General…
FBR traces out 13,500 expensive, luxury cars in Sindh
KARACHI: The Federal Board of Revenue (FBR) has tightened the noose against tax defaulters, owning expensive cars and living a luxurious life without caring about their civic responsibilities. The taxation authority has…
Taxi driver gets FBR notice over Rs20m transaction
During an ongoing investigation into fake bank accounts being conducted under the supervision of the Federal Board of Revenue (FBR), a benami account was discovered through which a transaction worth millions was…
No raid, no harassment of tax payers, says FBR chairman
ISLAMABAD: The President FPCCI Engr Darood Khan Achakzai along with Abdul Waheed Sheikh, Ijaz Khan Abbasi, Qurban Ali and Shireen Arshad Khan, Vice Presidents of FPCCI visited the office of Shabbar Zaidi…
IHC rejects plea challenging FBR intelligence and investigation wing’s powers
ISLAMABAD: The Islamabad High Court (IHC) on Saturday dismissed a petition challenging the Directorate General of Intelligence and Investigation (IRI) Inland Revenue’s jurisdiction and powers. Chief Justice of the IHC Athar Minallah…
FBR’s AC among four kidnapped in Tank
TANK: Unidentified armed men kidnapped four people, including Federal Board of Revenue (FBR) Islamabad’s Assistant Commissioner Riaz Miani and three other officials, on Thursday. Police said that armed men who were wearing masks,…
Court freezes 20 ‘suspicious’ bank accounts on FBR’s request
–These accounts were involved in transactions of billions of US dollars After the Federal Board of Revenue (FBR) approached it with a complaint, a Karachi court on Wednesday directed the attachment of 20…
FBR identifies another suspected benami account in Karachi
KARACHI: The Federal Board of Revenue (FBR) has identified another suspected benami account in Karachi with average monthly deposits of Rs20 million for three years. According to FBR officials, Rs370m was found…
Six benami accounts used to launder Rs8bn in Karachi
KARACHI: Federal Board of Revenue (FBR) has traced transactions of more than Rs8 billion through six benami bank accounts in Karachi, according to a media report. According to the report, the FBR…
Sindh to move court against FBR for refund of over Rs7.5bn
–CM Murad says FBR is reluctant to refund Rs7054.743m it deducted from Provincial Consolidation Fund during 2012, 2015 and 2018 KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Monday said that…
FBR to charge Zardari under benami transactions law
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to charge former president and Pakistan People’s Party (PPP) Co-chairman Asif Ali Zardari under the Benami transactions law, Pakistan Today has learnt. According…
FBR freezes accounts of Jang/Geo group over failure to pay sales tax
The Federal Board of Revenue (FBR) has frozen the bank accounts of Independent Media Corporation (Pvt) Limited, the owner of Jang newspaper and Geo News Network. The bank accounts were frozen after…
Aleema Khan ordered to submit tax liabilities by Feb 7
The Federal Board of Revenue (FBR) has given Prime Minister Imran Khan’s sister Aleema Khan till February 7 to submit tax liabilities in the foreign properties case, a local news outlet reported…