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Posts tagged ‘Federal Board of Revenue (FBR)’

Provinces strongly differ federal adjuster to deduct significant portion of provincial electricity dues,

Provinces have reportedly expressed disagreement over the use of federal adjuster to deduct significant portion of provincial electricity dues, enhancement of theft penalty and additional allocation of 157 MMCFD gas to the power sector, well informed sources told Business Recorder…. Federal Board of Revenue (FBR), provincial electricity dues

International Monetary Fund (IMF) preconditions for bailout: Clock ticking for tax thieves as govt clamps down

The terms of the bailout package agreed with the International Monetary Fund (IMF) may be “homegrown”, but the Fund has made it a strict prerequisite that Islamabad send out notices to identified tax evaders before it can wish to obtain the $5.3 billion promised under the new… Federal Board of Revenue (FBR), International Monetary Fund (IMF)

Petroleum products: Supreme Court seeks details of GST collected since 2007 submit details of (GST) collected by (FBR)

The Supreme Court on Friday asked the Federation to submit details of General Sales Tax (GST) collected by Federal Board of Revenue (FBR) on petroleum products during the last six fiscal years (2007-2013). Hearing a suo motu notice on GST on petroleum products under Section 3 of the GST Act, a… Attorney General for Pakistan (AGP), Federal Board of Revenue (FBR), petroleum products

Staggering failure: Federal Board of Revenue (FBR) misses revenue target by Rs461 billion

The Federal Board of Revenue  (FBR) has failed miserably to meet the outgoing fiscal year’s tax collection target, weakening Islamabad’s position as it enters a ‘make-or-break’ round of talks with International Monetary Fund (IMF) for a new bailout programme today (Monday)…. Federal Board of Revenue (FBR), International Monetary Fund (IMF)

LHC suspends IHC verdict on amnesty scheme for cars Federal Board of Revenue (FBR)

LAHORE: The Lahore High Court on Thursday suspended the Islamabad High Court’s verdict on the previous government’s amnesty scheme for non-customs paid (NCP) vehicles,

On June 19, IHC declared the amnesty scheme illegal. It also asked the Federal Board of Revenue (FBR) to seize the 50,000… (NCP) vehicles, Federal Board of Revenue (FBR)

Price hike Oil prices raised in June for the third time The official said Oil and Gas Regulatory Authority (Ogra)

Due to a tricky move of the government, the consumers are going to face a third time increase in oil prices during the ongoing month of June.
A senior government official said the government had imposed 19% General Sales Tax (GST) on non-registered petrol pumps causing a third time… Federal Board of Revenue (FBR), general sales tax (GST), High Speed Diesel HSD, igh Octane Blending Component (HOBC), Light Diesel Oil LDO, Oil and Gas Regulatory Authority (Ogra) had, Oil Marketing Companies (OMCs), Price hike Oil prices

Restraining move: Senators oppose giving FBR access to bank accounts

ISLAMABAD: Malaysian companies were seriously looking to explore business and investment opportunities in Pakistan, said High Commissioner of Pakistan to Malaysia Shahid Masroor Gul Kiani, while commenting on the announcement of the Malaysian government to send a 30-strong delegation to… Federal Board of Revenue (FBR), Finance and Revenue, Senate Standing Committee

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