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Islamabad
Tuesday, March 19, 2019
KARACHI: Non-filers of tax returns are not exempted from probe into source of their income despite a recent lifting of ban on them to buy cars, sources said on Thursday. The sources said non-filers purchasing motor vehicles will face difficult time despite recent approval by the government as the tax...
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has not set tax recovery target for 152,000 offshore bank accounts discovered by the Organisation for Economic Cooperation and Development (OECD) and also does not see a big tax potential from the Panama Papers leak. The Federal Board of Revenue (FBR) chairman made a policy...
ISLAMABAD: The government will bring fundamental changes in the Federal Board of Revenue (FBR) to make it an effective tax administration for enhancing narrow tax base of the country, Minister of State for Revenue Muhammad Hammad Azhar said on Wednesday. Briefing the media about the 200-day performance of the PTI...
ISLAMABAD:  The government has decided to use data pool of the National Database and Registration Authority (NADRA) to detect tax evaders. “The data of persons registered with NADRA will be available next month. Evaders, we are coming after you. You will have to pay tax,” said Finance Minister Asad Umar, while...
ISLAMABAD: Health advocates have urged the government to implement the recommendations of the Special Committee on Causes of Decline in Tax Collection of Tobacco Sector without delay. They have said the implementation of the recommendations will not only increase the revenue of the country, it will also save the youth...
Prime Minister Imran Khan on Thursday said that reforming Federal Bureau of Revenue (FBR) is high on his agenda, but warned that if the tax collection authority cannot be fixed, he will create a new one. "Reforming FBR is essential. Until that is done, we will not be able...
ISLAMABAD:  A parliamentary panel has recommended the withdrawal of third tier of the taxation system for the tobacco industry, which has resulted in an annual loss of Rs33 billion to the national exchequer. The Public Accounts Committee (PAC), on May 23, 2018, had recommended a special audit by the Auditor General...
KARACHI: The Federal Board of Revenue (FBR), which is facing a notable shortfall in revenue collection, has acquired data of over 18,000 potential taxpayers in a bid to enhance the number of direct taxpayers and collect more revenue. “As directed, BTB (Broadening of Tax Base) units have acquired data (of) 16,000...
KARACHI:  The three existing Japanese car manufacturers in Pakistan and new entrants in the industry have heaved a sigh of relief after the government withdrew the restriction on new vehicle purchase by non-filers of tax returns. One of the three carmakers said the bar on non-filers had badly hit its sales...
ISLAMABAD: The government has included media persons, sportsmen and real estate tycoons in its hunt list of top tax evaders amid increasing pressure on the Federal Board of Revenue (FBR) to give quick results to address one of the biggest issues of Pakistan’s economy – the yawning budget deficit. The...

Opinion

exports

Slow growth in exports

The performance of exports in the first eight months of 2018-19 has been disappointing. According to the monthly trade statistics of the PBS the...