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Tag Archives: Member Inland Revenue

FBR collects Rs 134b amid Imran, Qadri’s sit-ins

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs 134 billion revenue until August 26 against Rs 110 billion collected during the corresponding period of the last year, depicting a 20 percent increase in the tax collection, said Shahid Hussain Asad, the member of the Inland-Revenue and spokesman for the Federal Board of Revenue (FBR). “The sit-ins by the Pakistan ... Read More »

Imran’s call for tax non-payment to fail: Asad

ISLAMABAD: The Federal Board of Revenue (FBR) spokesperson and Member Inland Revenue Shahid Asad said that Imran’s call for civil disobedience is an irresponsible statement which will not affect revenue operations. He said that it is not possible that  someone could get any exemption from paying tax as you can’t argue with shopkeeper while buying daily commodities by saying that ... Read More »

Govt decides to appoint Tariq Bajwa as Finance Secretary

ISLAMABAD: The government has decided to appoint FBR Chairman Tariq Bajwa as Finance Secretary, sources told Customs Today. Sources said that Tariq Bajwa will replace incumbent Finance Secretary Waqar Masood in the middle of August. Seat of FBR Chairman will be vacant after posting of Tariq Bajwa to the office of Finance Secretary. The federal government has also started mulling ... Read More »

Collaborative efforts needed for better revenue collection: Tariq Bajwa

ISLAMABAD: FBR Chairman emphasized Members of FBR to expedite the efforts to achieve the revenue target for FY2014-15. As per details, FBR Chairman Tariq Bajwa presided an important meeting on budget/revenue reforms and their execution plans to achieve the revenue target for FY 2014-15. The Meeting was held at Federal Board of Revenue (FBR) head quarter here the other day. ... Read More »

FBR to collect Rs530b in two months

LAHORE: Federal Board of Revenue’s Member Inland Revenue Service and Official Spokesman Shahid Hussain Asad had said that FBR has collected tax to the tune of Rs 1,745 billion by April 30, as compared to Rs 1,505 billion in the previous year in the same duration as that of first ten months. He said that 530 billion rupees will have ... Read More »

Target time 3-year: FBR works out phasing out Rs500b tax exemptions: Shahid Hussain

ISLAMABAD: The government has worked out phasing out tax exemptions worth Rs500 billion being offered in the head of sales tax/excise duty, income tax and customs duty over the next three years. Federal Board of Revenue (FBR) official spokesperson and Member Inland Revenue Shahid Hussain Asad informed that certain exemptions would be done away with in the upcoming budget for ... Read More »