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Regulatory duty and penalty to be imposed on unregistered mobile phones

ISLAMABAD: The government has determined in law for initiating regulatory duty (RD) along with slight penalty on unregistered mobile phone sets that are in...

Tax collection in July, August 13% greater than last fiscal year : FBR

ISLAMABAD: With the onset of new fiscal year, the tax collection in first two months has reached up to 510 billion rupees.  It seems promising...

Tax notices to be sent to Pakistani nationals owning properties in UK- FBR

ISLAMABAD: The Federal Board of Revenue (FBR) is geared up to send tax notification to almost 700 people owning properties in UK, and failed to...

Pakistani residents in UAE are majority in availing tax amnesty scheme

ISLAMABAD: Pakistani nationals being UAE residents have made to the top position in the list of people who have filed the details of their assets...

FBR seeks details of immovable properties in UK owned by Pakistanis

ISLAMABAD: The Federal Board of Revenue (FBR) has declared on Monday that they have acquired the detailed information of the properties in possession of Pakistan's...

Tax Amnesty scheme not yielding good out-turn in Punjab: Chairman FBR

LAHORE: Ruksana Yasmin, chairperson Federal Board Revenue (FBR), lamented on Monday that tax amnesty scheme is not producing appreciable results in Punjab except Lahore. She...

FBR faces revenue deficit of about Rs184 billion

ISLAMABAD: The Federal Board of Revenue (FBR) is unable to meet the revenue collection revised target of Rs3935 billion for the year 2017-18. An advance...

FBR Profit Collection scarcity by Rs90 billion for FY2018

ISLAMABAD:  The Federal Board of Revenue (FBR) is facing difficulties to collect revenue as per targeted at Rs3.935 trillion, a scarcity is observed of...

FBR revenue collection deficit up to Rs135 billion for FY18

ISLAMABAD: The Federal Board of Revenue (FBR) did not meet the target for collection of tax, as projected revised revenue target was of Rs3.935 trillion....

US Dollar weakens by Rs1 against local currency

KARACHI: The rupee showed hike by Rs1 in the open market against the greenback on Thursday to Rs123.80. According to foreign exchange dealers, the solidity in...

Tax collection- Banks to observe extended working hours on June 29, 30

ISLAMABAD: All banks  are directed to keep the counters open conducting government banking until 8pm on June 29, 2018 in order to receive government...

Deadline for filing assets under Tax amnesty scheme declared as 30th June 2018: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced the time limit of filing assets under tax amnesty scheme till June 30th 2018. FBR spokesperson...

FBR tax collection target may decrease by Rs84 billion

ISLAMABAD: The Federal Board of Revenue (FBR) at their best will be able to collect Rs3.85 trillion in taxes, the reason for the decline in...

Rs. 570 billion transferred to provinces in first quarter of current fiscal year: Finance Minister

ISLAMABAD: Finance Minister Muhammad Ishaq Dar has directed to ensure achieving financial targets in the remaining three quarters of the current fiscal year. Addressing a...

Offshore saga: FBR probes transfer of over $4bn to India

ISLAMABAD: The Federal Board of Revenue (FBR) has kicked off investigations into the transfer of over four billion dollars to India from Pakistan in the name of offshore companies, ARY News reported.

PAC seeks details of money laundering case against Ayyan Ali

ISLAMABAD: The members of the Public Accounts Committee (PAC) Tuesday sought details of a currency smuggling case involving supermodel Ayyan Ali, ARY News reported.

FBR requests for putting Ayyan Ali on ECL

ISLAMABAD: The Federal Board of Revenue on Wednesday requested the Interior Ministry to put the name of Ayyan Ali on Exit Control List, ARY News reported.
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