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PM Shehbaz says significant progress has been made in the last few months regarding digitization & reforms in FBR ISLAMABAD   (  WEB  NEWS  ) Prime Minister Muhammad Shehbaz Sharif has said that the significant progress has been made in the last few months regarding digitization and reforms in Federal BoardRead More →

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In: Commerce and Industry
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Business community must have a say in tax law amendments: Abdur Rehman Siddiqui ISLAMABAD  (   WEB  NEWS   ) Abdul Rehman Siddiqui, the Acting President of the Islamabad Chamber of Commerce and Industry (ICCI), has urged the Federal Board of Revenue (FBR) to involve all stakeholders, particularly the business community, inRead More →

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FBR to implement Faceless Customs Assessment System at Karachi from today   ISLAMABAD   (   WEB  NEWS   ) Under the Transformation Plan, Federal Board of Revenue is going to implement Faceless Customs Assessment (FCA) System from today (Sunday) at Karachi. FCA is one of the key components of the FBR TransformationRead More →

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FBR Withdraws Notification, Allows Multiple Mobile Phones to Be Brought from Abroad Customs Baggage Rules 2006 Amendments Withdrawn for Further Consultation ISLAMABAD  (   WEB  NEWS   ) The Chairman of the Federal Board of Revenue (FBR) has halted the implementation of the proposed ban on bringing more than one mobile phone.Read More →

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Only 2.5 million people out of over 240 million people filed income tax returns two years ago in 2022 Pakistan is struggling to increase revenue base but is hampered by largely undocumented economy KARACHI (  WEB  NEWS   ) Pakistan’s tax authority said Thursday it has blocked 210,000 SIM cards ofRead More →

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FBR & Financial Monitoring Unit (FMU) to enhance coordination to combat illicit finance ISLAMABAD  (  Web News ) Chairman Federal Board of Revenue Malik Amjed Zubair Tiwana emphasised the need for sustained collaboration between Federal Board of Revenue (FBR) and Financial Monitoring Unit (FMU) for development of quality financial intelligenceRead More →

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FBR’s decision to promote Principal Appraisers, Superintendents of Pakistan Customs to Grade 17 5 Superintendents of Pakistan Customs Asim Zaman, Shuja Salam, Shahid Naeem Joya, Naseem Mahmood Cheema, Khawaja Har Abbas included. 26 Principal Appraisers of Pakistan Customs who will be considered for promotion to Grade 17 ISLAMABAD ( WebRead More →

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Pakistani transport companies to obtain licenses for global transportation of goods FBR Application has to be made to Directorate General of Transit Trade of FBR through Transport Association ISLAMABAD  (  Web News  ) The Federal Board of Revenue (FBR) has decided to issue licenses to transport companies under the InternationalRead More →

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FBR and IMF could not agree on time frame to implement retail tax on retailers The new date of the retail and wholesale tax may be decided at the IMF Executive Board meeting in Washington on January 11. Islamabad (   Web  News   ) There is no agreement between the Federal BoardRead More →

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FBR’s decision to document purchase and sale of 7053 goods and services across the country Pakistan Revenue Automation Limited (PRAL) has issued a 215-page notification listing these goods and services. ISLAMABAD  (  Web  News  ) Federal Board of Revenue (FBR) has decided to documentation the purchase and sale of 7053Read More →

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FBR’s decision to introduce Customs Digital Management System in Pakistan, formation of working groups for preparation of amendments ISLAMABAD ( Web News ) Federal Board of Revenue (FBR) has decided to introduce customs digital management system instead of paperless import and export clearance system (VBOOK) in Pakistan. Working groups haveRead More →

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In: Banking Sector
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Meezan Bank Partners with Befiler to Provide Tax Facilitation Services for Freelancers KARACHI  ( Web News ) Meezan Bank, Pakistan’s leading Islamic bank, has recently formalized an agreement with Befiler to enhance the tax facilitation services available to freelancers. This collaboration aims to provide Meezan Freelancer Account holders, including thoseRead More →