November 21, 2024
Business

Despite the Iqbal Day holiday, FBR is open

The Federal Board of Revenue (FBR) Operations Wing Inland Revenue was open on Wednesday to monitor the IR revenue collection across Pakistan despite November 9 being a national holiday.Except for the FBR IR Operations Wing, which is led by Amjad Zubair Tiwana, the other parts of the FBR were closed on Wednesday. The room where […]

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Business

The FBR collects more than Rs. 2 trillion in taxes in less than 4 months

The Federal Board of Revenue (FBR) hit yet another milestone on Monday when it collected Rs 2 trillion in taxes—a month earlier than the previous year. In a succinct board statement, Chairman FBR Asim Ahmad acknowledged his gratitude for the efforts made by the team. According to the release, he expressed confidence in attaining the […]

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PAKISTAN

PM Shehbaz orders the suspension of fixed sales tax collection from business owners

On Saturday, Prime Minister Shahbaz Sharif gave the go-ahead to stop collecting fixed sales tax from retailers through their electricity bills.The economy of the nation, businessmen’s issues, and potential remedies were reviewed at a meeting that the prime minister presided over in Lahore. Of particular importance were the fixed sales tax rates and the discussion […]

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Business

FBR collects more taxes than expected in July and reports a Rs458 billion profit

ISLAMABAD: The Federal Board of Revenue (FBR) announced the preliminary revenue collection data for July 2022, which came to Rs458 billion. The numbers show that the FBR’s net revenue over the period was Rs458 billion, which was 15 billion rupees more than its target of Rs443 billion. According to the FBR, these receipts constitute the […]

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