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Wizards fail to woo MPs: Senate body rejects ST Amend Bill

ISLAMABAD: Sensing violation of the Supreme Courts orders, the Senate Standing Committee on Finance rejected Sales Tax (Amendment) Bill 2014, saying that it will put additional sales tax burden on consumers through CNG stations. The committee chaired by Senator Nasreen Jalil decided not to recommend tabling of the Sales Tax (Amendment) Bill 2014 in the National Assembly. The committee members ... Read More »

100th NMC participants visit FBR

ISLAMABAD: A group of fifty three senior civil servants undergoing the 100th National Management Course (NMC), along with the Rector, Dean and the faculty of the National School of Public Policy (NSPP) visited FBR House on Tuesday. The group was welcomed by Member Facilitation & Taxpayers’ Education (FATE) Ms. Riffat Shaheen Qazi. She briefed the visiting officers and faculty of ... Read More »

Bajwa to meet provincial revenue heads on 23rd

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will meet heads of provincial revenue authorities of Punjab, Sindh and Khyber Pakhtunkhwa to discuss issue of federal excise duty and sales tax on identical services. The meeting is scheduled to be held on April 23, 2014 at FBR House. The services include telecom, franchise, royalty and other certain services. The meeting ... Read More »

Rs3.8b refunded till date: Tariq Bajwa

Federal Board of Revenue has disbursed Rs 3.8 billion on account of sales tax refund during the period from July 2013 to April 2014 as against Rs 1.8 billion disbursed during the first ten months of previous fiscal year. This was revealed by FBR Chairman Tariq Bajwa while assuring the exporters to accelerate the refund system and forwarded necessary directions ... Read More »

Reorganisation: Pral BoD sacks 7 babus, abolishes 9 senior cadre posts

ISLAMABAD: What is being described as reorganization and restructuring of the Pakistan Revenue Automation Limited (Pral), the Federal Board of Revenue (FBR) abolished nine senior cadre posts and terminated the services of seven senior officials including General Managers/ Chief Managers. The reorganization is part of the implementation plan proposed by FBR Member Information Technology (IT) Raana Ahmed and the decision ... Read More »

PRAL decision affects PRA operations: Qutab approaches Bajwa for probe into officer’s termination

LAHORE: The Punjab Revenue Authority (PRA) has formally approached FBR Chairman Tariq Bajwa, requesting inquiry into the termination of senior officers of Pakistan Revenue Automation Limited (PRAL) which have been affecting the operations of the PRA and Punjab Excise & Taxation adversely. In a letter to FBR Chairman Tariq Bajwa, PRA Chairperson Iftikhar Qutab regretted that the services of PRAL ... Read More »

Defiance of binding directives: FTO awakens FBR chief to negative tendency

ISLAMABAD: The Federal Tax Ombudsman (FTO) has written in to the FBR chairman, reminding him of the blatant violation of FBR’s letter No-1 (337) S(TO-II)/2013 by the field formations. Through the letter, the FTO Registrar urged the FBR chairman to look into the matter personally and redress the grievances of taxpayers against maladministration and curb the tendency of inaction and ... Read More »

Boosting trade priority: Bajwa reiterates resolve to abolish SROs

ISLAMABAD: Federal Board of Revenue (FBR) Tariq Bajwa has reiterated the resolve to do away with all concessionary Statutory Regulatory Orders (SROs) over the next three years to provide maximum relief to business community and boost trade in the country. Speaking during his visit to Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), the FBR boss said the government had ... Read More »

FBR may down revenue target: Provinces urged to go by revised target

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has taken finance secretaries of all the four provinces into confidence over the impending revision to the annual revenue target and urged them to prepare financial plans in the light of revised revenue collection target for the remaining period of 2013-14. According to details, in a meeting the FBR chairman informed ... Read More »

Fighting corruption within: FBR mulls setting up P&IMU over

ISLAMABAD: With the aim to ferret out corruption and identify corrupt tax officials through integrity and performance evaluation, the Federal Board of Revenue (FBR) has decided to establish Performance and Integrity Management Unit (P&IMU) at its headquarters. FBR Chairman Tariq Bajwa took the decision in a meeting on the P&IMU held here. It has also been decided that the unit ... Read More »

Tariq Bajwa holds meetings with high officials of Pak Customs

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has held a series of meetings with the senior officials of Pakistan Customs at Custom House in Karachi. Member Customs Nisar Muhammad Ali Khan was also present on the occasion. FBR chairman held meetings with the Chief Collectors Nasir Masroor Ahmad, Muhammad Yahya, Collector Preventive S M Tariq Huda, Collector MCC-Appraisement (East) ... Read More »

Dar urges FBR to keep up momentum to achieve target

LAHORE: Federal Minister for Finance Ishaq Dar has stressed Federal Board of Revenue to continue with all the vigour and keep the momentum, so that the revenue collection target of February 2014 is also met. The finance minister said this while reviewing the progress of revenue collection and implementation of Prime Minister’s Tax Incentive Package. The Minister appreciated FBR’s initiative ... Read More »

FBR to set up a new customs dry port at Hub: Tariq Bajwa

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has announced that a new customs dry port will be set up at Hub in Lasbel district to facilitate industries operating in the area and the district and other parts of Balochistan. Bajwa disclosed this in a meeting with a delegation of Lasbela Chamber of Commerce and Industry. He also agreed that ... Read More »

Parliamentarians given time till Feb 28 to file tax returns: Bajwa

ISLAMABAD: FBR Chairman Tariq Bajwa said that non-filer parliamentarians have given time till 28th February to file their tax returns to avoid any action against them. More than 30 MNAs and Senators are among the 100 parliamentarians who did not file their tax returns so far. There are two categories of parliamentarians. Some parliamentarians out of 1,072 filed their returns ... Read More »

Meeting of committee on SROs held

ISLAMABAD: The meeting of the committee on concessionary regime of Statutory Regulatory Orders was held in Federal Board of Revenue headquarters. FBR Chairman Tariq Bajwa chaired the meeting. The meeting was attended by the Presidents of Chambers of Commerce throughout Pakistan along with the Commerce Secretary and Secretary of Ministry of Industries. The meeting was an introductory one and it ... Read More »

Desk audit of corporate sector: FBR chief wants process completion by 28th

ISLAMABAD: With a view to boosting revenue collection from corporate sector, Federal Board of Revenue (FBR) Chairman Tariq Bajwa directed completion of desk audit of corporate sector by February 28. As per details, the FBR chairman, during his recent visit to large taxpayers unit (LTU) Karachi not only inspected the performance of the LTU but also took some decisions to ... Read More »

FBR chairman asked to revise salaries of PRAL staffers

KARACHI: The Directorate of Reforms and Automation has sent a request to the Chairman Federal Board of Revenue (FBR) for reviewing the remuneration scale of the staffers working in PRAL Department of Pakistan Customs. The reliable sources informed Customs Today that the Project Director (PD) of the Directorate of Reforms and Automation on Jan 27 made a request to the ... Read More »

Bajwa to take part in policy level talks with IMF review mission

ISAMABAD: Chairman FBR Tariq Bajwa will participate in policy level talks with the IMF review mission in Dubai starting from February 5, 2014. The policy level talks will commence from Feb 5, 2014 for four days in which both sides will agree on new set of conditions for next quarter which will pave the way for release of tranche worth ... Read More »

Growth in trade directly linked to Customs performance: Bajwa

LAHORE: Pakistan Customs performance is linked to creation of a level playing field for business, trade and industry within the country. This was stated by Federal Board of Revenue Chairman Tariq Bajwa after the flag hoisting ceremony on International Customs Day at Customs House, Lahore. He said that absence of proper communication system badly affects overall performance of an organization. ... Read More »

Upgrade to border Customs stations inevitable: Bajwa

LAHORE: Federal Board of Revenue (FBR) Chairman Tariq Bajwa declared that Pakistan was in direct competition for transit trade and not having hegemony, and under the Prime Minister’s vision to transforming Pakistan into a trade and transit hub, it was inevitable to upgrade Customs stations on borders for speedy and efficient clearance of transit goods. The FBR chairman stated this ... Read More »