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Tag Archives: Revenue loss

Rs20 per litre cut in oil prices: FBR to face Rs70b revenue loss, collects Rs900b in July-Nov

ISLAMABAD: The government has to face Rs70 billion loss annually after declining trend in petrol prices. This was disclosed by Federal Board of Revenue (FBR) officials during a meeting under the chair of Finance Minister Senator Ishaq Dar. The meeting was convened to devise a strategy for revenue collection in second half of current fiscal year. The government has reduced ... Read More »

Islamabad Dry Port bosses to write to FBR for forensic lab

ISLAMABAD: Islamabad Dry Port Customs Deputy Collector Miss Aysha and Additional Collector Yawar Nawaz have decided to write to the Federal Board of Revenue (FBR) for the establishment of a forensic lab at port. As per details, the management of Islamabad dry port has decided to have a forensic lab as fabric importers have been facing difficulties in lab testing. ... Read More »

Pending Cases: FBR to request courts for timely decisions

ISLAMABAD: Federal Board of Revenue (FBR) has decided to file an application to apex and high courts through Law Ministry for timely decision of pending cases to avoid billions of rupees revenue loss. As per details, FBR decided to request the apex and high courts to devise a strategy to early solve FBR cases to end the legal war, costing ... Read More »