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Committee constituted to review SROs

ISLAMABAD: Federal Board of Revenue (FBR) has told National Assembly that a committee, headed by FBR Chairman, has been formed to review SRO regime to identify tax concessions. In a written reply to the question of Rai Hasan Nawaz Khan, the Ministry of Finance told the House that a report is being prepared on tax expenditures for which expression of ... Read More »

2-day workshop on Internal Communication held in FBR headquarters

ISLAMABAD: FBR’s Facilitation and Taxpayers Education (FATE) Wing, in collaboration with GIZ, arranged a 2-day workshop on ‘Internal Communication Strategy’ in for FBR Headquarters, Islamabad. The workshop was inaugurated by FBR Chairman Tariq Bajwa and was attended by senior officers of FBR Headquarters and field formations. In his opening remarks, the FBR chairman said that internal communication plays a crucial ... Read More »

CJP orders action against corrupt officials, arms smugglers

KARACHI: A larger bench of Supreme Court (SC) headed by Chief Justice Iftikhar Muhammad Chaudhry heard Karachi Law & Order and Implementation Case at Supreme Court Karachi Registry on Thursday. The other judges in the larger bench were Justice Jawwad Sharif Khawaja, Justice Amir Hani Muslim, Justice Mian Saqib Nisar and Justice Afzal Ejaz. During the hearing, Chairman Federal Board ... Read More »

No room for corrupt officers in FBR: Bajwa

KARACHI: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has warned the Customs officials that there is ‘no room’ for the corrupt officials in FBR. FBR Chairman said this while discussing different matters pertaining to revenue generation, target achievements and missing containers with the high officials during the visit to Customs House, Karachi. Tariq Bajwa asked the officials concerned to ... Read More »

Bajwa urges officers to improve skills to broaden tax net

LAHORE: FBR Chairman Tariq Bajwa has stressed upon the need for improving training skills of officers to work on broadening of tax base plan to increase revenue generation in a better way. He was addressing the final Passing Out ceremony of 40th Specialized Training Program as a chief guest at Directorate General of Training & Research (Inland Revenue), Lahore. The ... Read More »

LHC summons FBR chairman to report on arms import case

LAHORE: The Lahore High Court has summoned Federal Board of Revenue (FBR) Chairman to explain the action taken against customs officials involved in an arms import case. Justice Muhammad Khalid Mehmood Khan passed the orders on a petition filed by Sultan Ali, an arms dealer, for quashing a prohibited arms import case. Sultan through his petition submitted that he imported ... Read More »

Traders’ delegation calls on FBR Chairman

ISLAMABAD: A delegation of All Pakistan Traders Association (APTA) has called on FBR Chairman Tariq Bajwa here at FBR headquarters. Member Inland Revenue, Operations also attended the meeting, which was jointly presided over by MNA Abdul Mannan from APTA and its Chairman Khawaja Muhammad Shafiq. While talking to Customs Today Khawaja Shafiq said that the delegation raised the issues of ... Read More »

Targeted-survey being launched to unearth rich tax evaders: Bajwa

ISLAMABAD: Federal Board of Revenue (FBR) has almost achieved its Rs509 billion target set for the first quarter of fiscal year 2013/14 as it has collected Rs481 billion so far and the total revenue collection target for the current fiscal year is Rs2,475 billion. FBR Chairman Tariq Bajwa told this to the Senate Standing Committee on Finance head by Senator ... Read More »

Dar forms body to prepare automobile policy; Bajwa attends ECC meeting

ISLAMABAD: The Economic Coordination Committee (ECC) has formed a committee to prepare an automobile policy within 45 days. The committee, headed by Minister for Water and Power Khawaja Mohammad Asif, comprises Zubair Umar as Vice Chairman, Chief Executive Engineering Development Board, FBR Chairman Tariq Bajwa and Secretary Industries & Production as its members. The committee has been directed to seek ... Read More »

Robust audit essential to counter-check tax details: Bajwa

ISLAMABAD: Five per cent taxpayers selected from different categories would be issued notices for their detailed audits but the random selection of cases did not mean that all these persons or companies had evaded taxes, FBR Chairman Tariq Bajwa told Customs Today, while explaining the audit process. Talking to this scribe, he said those who will receive notices for the ... Read More »

Bajwa asks Karachi Customs officials to step up efforts

KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa in his one-day visit to Customs House Karachi conducted several meetings with the officials of LTU, Preventive and Transit Trade. The sources in Customs House told Customs Today that the FBR chief during his visit held a high-level meeting with Chief Collector (Enforcement), Chief Collector (Appraisement), Director General Transit Trade, Collectors, ... Read More »

PTEA, Shell Pakistan chiefs call on Bajwa

ISLAMABAD: Chairman FBR Tariq Bajwa met with Chairman Pakistan Textile Exporters Association (PTEA) Mr Asghar Ali on Monday. PTEA chief said that excessive burden of taxes and stuck up amounts in refund regimes has not only jeopardized growth of the textile industry and exports but put the survival of existing industry at stake. It should be the top priority of ... Read More »

FBR holds computer balloting of taxpayers for audits

LAHORE: Federal Board of Revenue (FBR) held a random computer ballot of income tax, sales tax and federal excise returns for the selection of cases for audits on Friday. FBR invited trade bodies, chambers, associations and high taxpayers to witness the selection process. Through the random computer ballot, FBR selected corporate taxpayers and non-corporate taxpayers of income tax, sales tax ... Read More »

FBR Chairman attends “Big Fast Results Seminar”

ISLAMABAD: Chairman FBR Tariq Bajwa attended one-day “Big Fast Results Seminar” on Wednesday at P-Block Pak Secretariat in Planning and Development Ministry. Speaking on the occasion, Malaysian Minister for Performance, Idris Jala said that Pakistan required political stability and conducive climate for investment for economic development. While, Minister for Planning and Development Ahsan Iqbal said that Pakistan could learn a ... Read More »

KCCI, IMF delegations call on FBR Chairman

ISLAMABAD: Chairman FBR Tariq Bajwa held meetings with different delegations on Tuesday. First of all he met with the delegation of Karachi Chamber of Commerce and Industry and discussed different issues relating to trade and industry. Then Bajwa met with Chairman CDA and Vice President MCB. After that IMF delegation called on Finance Minister Ishaq Dar while FBR Chairman Tariq ... Read More »

FBR chief directs Lahore RTO officers to achieve target

LAHORE: Tariq Bajwa, Chairman of Federal Board of Revenue (FBR), has ordered the Regional Tax Office (RTO) Lahore officers to try their best to meet the budgetary target. He issued these directives while chairing a meeting of the Chief Commissioners of RTO-I, RTO-2, Large Tax Payer Unit (LTU) and other high officers. The meeting discussed changes made in this fiscal ... Read More »

FBR endeavors to curb menace of corruption on PM directives

KARACHI: Curbing the menace of corruption is on top of the agenda of the present government. Prime Minister Mian Nawaz Sharif recently issued directives to Revenue Division and Federal Board of Revenue to conduct proper screening and strict scrutiny to purge the lines of corrupt and inefficient elements in their ranks. After these firm directives, Revenue Division and FBR gave ... Read More »

FBR Board-in-Council approves audit plan

ISLAMABAD: Federal Board of Revenue (FBR) on Friday approved audit plan for income tax and sales tax under which thousands of taxpayers will be selected through random balloting by next week. “FBR’s Board-in-Council has approved an audit plan for selecting 5 percent taxpayers’ through random balloting,” Chairman FBR Tariq Bajwa confirmed on Friday. Instead of parameters-based audit, FBR took decision ... Read More »

Pakistan Administrative Service (PAS) Probationary officers visit FBR House

FBR Chairman Tariq Bajwa in a group photo with Member FATE Ms. Riffat Shaheen, Member IR Policy Mr Shahid Hussain Asad, Member IR Operations Muhammad Ashraf Khan, Member Legal Safdar Hussain, Member Taxpayers Audit Haroon Muhammad Khan Tareen, Member Enforcement and WHT Aftab Anwar Baloch, Member Admin Shahid Hussain Jatoi and Pakistan Administrative Service (PAS) Probationary officers Read More »

Govt to bring 500,000 taxpayers into net: Bajwa

ISLAMABAD: Chairman FBR Tariq Bajwa said that the government would bring 500,000 new taxpayers into the net in order to broaden narrowed tax base over the next five years. Talking to reporters at FBR’s headquarters, he said that FBR identified some major areas to identify potential taxpayers as they would bring 100,000 non-filers into the net during the current fiscal ... Read More »