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Tag Archives: FBR

Local tyre industry urges FBR to curb smuggling of tyres

LAHORE: Smuggling of tyres from neighboring countries is affecting the growth of local industry badly. FBR should curb this smuggling of tyres and take strict action against the smugglers who are not only damaging national exchequer but also hindering the growth of local tyre industry, local tyre industry said. Sources in the local industry said that curbing smuggling can not ... Read More »

FBR: Data controlling assistants still await for promotions

KARACHI: The correspondence between a committee of the data controlling assistants (DCAs) and the authorities concerned of the Federal Board of Revenue (FBR) could not be proved fruitful in terms of their promotion case. The DCAs were of the view that they had been awaiting for their promotions for the last several years, despite the fact that the court had ... Read More »

FBR seizes 32 accounts of Wapda over non-payment of Rs 6 billion general sales tax

LAHORE: The Federal Board of Revenue (FBR) has seized 32 accounts of Water and Power Development Authority (Wapda) due to non payment of sales tax. As per details, Wapda was liable of paying Rs 6 billion as GST on production of hydro power, for which Federal Board of Revenue (FBR) issued notice. After receiving notice, Wapda filed a petition challenging ... Read More »

Bank accounts of IPP’s, Discos likely to be seized for recovery of taxes

ISLAMABAD: Bank accounts of Independent Power Producers (IPP’s) and Power Distribution Companies (Discos) may be seized by federal government for recovery of due taxes. Sources said that Finance Minister Ishaq Dar has given approval to Federal Board of Revenue (FBR) for seizure of banks accounts of IPP’s and Discos as decided in the meeting of Cabinet Committee on Energy (CEE) ... Read More »

FBR’s orders pertaining transfers of grade BS 1-16 still pending

KARACHI: The violation of the Board’s letters issued by the Revenue Division, Federal Board of Revenue (FBR) in connection with the transfer is being continued, as the officials from Grade-1 to Grade-16 in the various departments of Pakistan Customs including Customs Valuation Department, Directorate General of Transit Trade and Input Output Co-efficient Organization (IOCO) are working in their respective departments ... Read More »

NAB forms committee on FBR to combat corrupt practices

ISLAMABAD: National Accountability Bureau (NAB) has constituted a Prevention Committee on Federal Bureau of Revenue (FBR) to identify loopholes in taxation rules and regulations and procedures of Bureau. As per directives of Chairman NAB, Qamar Zaman Chaudhry, the Committee has been formed under Chairmanship of Deputy Chairman NAB and would recommend measures to plug heavy leakages caused through corrupt practices. ... Read More »

Bajwa urges field formation collectorates to stop tax evasion, under-invoicing, miss-declaration

KARACHI: The Chairman Federal Board of Revenue (FBR) Tariq Bajwa and Member Customs Nisar Muhammad Ali Khan on Tuesday visited the Custom House Karachi. Both the high officials of the FBR held meetings with the customs officers of the South Region, including Sindh and Balochistan provinces at 5th floor of the Custom House. The meetings were attended by the Chief ... Read More »

FBR issues notice to Wapda for payment of Rs 6 billion GST

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notice to Wapda for non-payment of General Sales Tax (GST). The FBR has warned that accounts of Wapda will be seized if it fails to pay GST. Furthermore, if GST is not paid in time it could result in imposition of a fine. According to the FBR sources, higher authorities of ... Read More »

DG audit to meet FBR chairman today

ISLAMABAD: Director General Internal Audit Sajjad Haider Cheema will meet Chairman Federal Board of Revenue (FBR) Tariq Bajwa today. The director general audit will brief the FBR chairman on important issues regarding audit. Read More »

ADC Mirza Mubashir Baig assumes charge as Director OPS at Customs Valuation Lahore

LAHORE: Two officers of grade BS-19 and BS-17 assumed their charge here at Directorate of Customs Valuation Lahore and Directorate of Intelligence and Investigation (I&I) Lahore respectively. PCS/BS-19 Additional Director, Directorate of IPR Enforcement Lahore Mirza Mubashir Baig has relinquished his charge of the post and assumed the charge of Director (OPS) at Directorate of Customs Valuation Lahore in pursuance ... Read More »

FBR appoints Ch Zulfiqar as Collector Sialkot, Sarwat Tahira as Director Customs I&I

ISLAMABAD: Federal Board of Revenue (FBR) has relocated three officers and assigned them new tasks. Director Directorate General Customs Intelligence and Investigation Rawalpindi-Islamabad Chaudhry Zulfiqar has been appointed as Collector Sialkot, whereas Collector Sialkot Qurban Ali has been given the seat of Chief at Federal Board of Revenue (FBR). Chief Management FBR Sarwat Tahira Jabeen is appointed as Director Customs ... Read More »

FBR expects additional Rs50b through new taxes for revised Rs2691b target

ISLAMABAD: Federal Board of Revenue has been expecting to collect additional Rs50b revenue through new tax measures to achieve the revised tax collection target of Rs2691 billion for fiscal year 2014-15. The FBR will collect Rs5 billion revenues through imposition of Regulatory Duty (RD) on furnace oil, during the remaining period (Feb-June) of the current fiscal year. The WHT rate ... Read More »

FBR to issue SRO for increase in withholding tax for non-filers

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to increase withholding tax rate from 10 to 15 percent for non-filer service providers and enhance withholding tax rates by 1.5 percent for all types of non-filer importers. Sources told Customs Today that at present withholding tax rate for service providers is 10 percent. The FBR ... Read More »

FBR relocates 39 BS 17-21 Customs officers

LAHORE: Federal Board of Revenue has relocated 39 officers of Pakistan Customs BS 17-21 here on other day with immediate effect. According to the notification issued by the Federal Board of Revenue,  Tariq Ahad Nawaz (Pakistan Customs Service/BS-21), Director General Directorate General of Reforms and Automation (Customs) Islamabad has been transferred and posted as Director General IPR (Enforcement) Islamabad; Sarwat ... Read More »

FBR revises revenue target by Rs 135 billion for FY 2014-15

LAHORE: Federal Board of Revenue revised the revenue target for current fiscal year 2014-15 as the department is facing shortfall in revenue collection. Sources informed Customs Today that FBR has decreased the revenue target by almost Rs 135 billion for current fiscal year. Sources said Rs 2810 billion was set as target for the continuous fiscal year which was Rs ... Read More »

AGP detects variation of Rs1.128b in refund figures of FBR and SBP

LAHORE: Auditor General of Pakistan (AGP) has detected variation of Rs 1.128 billion in refund figures of income tax, sales tax & federal excise as reported by Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) during 2013-14. FBR has issued instructions to the field formations for reconciliation of data to check variation in FBR’s figures of refund ... Read More »

FBR transfers 32 customs officials of BS-16 grade

LAHORE: Federal Board of Revenue (FBR) has transferred and posted at least 32 officers of BS-16 from Model Customs Collectorate MCC Lahore, Customs Appeal Lahore and MCC Faisalabad to Large Tax Payers Unit (LTU) Lahore, Regional Tax Office Lahore, Regional Tax office II Lahore, Directorate of Investigation and Intelligence Inland Revenue (IR) and Directorate of I&I IR Faisalabad. According to ... Read More »

FBR issues notices of Rs14b to 240,000 tax defaulters

LAHORE: Federal Board of Revenue has issued notices of Rs 14 billion to 240,000 people to submit their income tax returns. According to sources Federal Board of Revenue has seized 117 vehicles of tax defaulters as they have big bank statements but do not file returns. FBR has frozen bank accounts of 278 tax defaulters, along with that Board has ... Read More »

Customs House, RTOs and other FBR offices to remain closed on Feb-5

KARACHI: The Custom House-Karachi and all related offices of Federal Board of Revenue (FBR) will remain closed on February, 5 on account of Kashmir Day. A notification in this regard has been issued by the Establishment Division, Board of Revenue-FBR. All concern offices including Regional Tax Offices (RTOs), Inland Revenue Services (IRS) and others will remain close on Kashmir Day, ... Read More »

Collection of additional revenues will help masses: FBR spokesman

ISLAMABAD: Spokesman of FBR Shahid Hussain has said that collection of additional 12 percent of revenues was being utilized to provide better infrastructure facilities to the masses. Talking to Radio Pakistan, Shahid Hussain said that economic independence was linked with politics; therefore revenue generation was a significant factor for independent policies of the government. He said the government was endeavoring ... Read More »