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1. Revenue collection up 27pc in Feb
(Highlights/Business News)
... of this fiscal year, the revenue collection grew by 13pc to Rs1.519tr from Rs1.341tr during the same period of 2013-14. The Federal Board of Revenue (FBR) now has to collect Rs1.17tr in the next four ...
Saturday, 28 February 2015
... s infrastructure development cess (GIDC) up to Rs300/mmBtu (million British thermal units) on natural gas consumption and giving more powers to officers of the Federal Board of Revenue (FBR) under Secti ...
Monday, 16 June 2014
3. Sindh announces sales tax amnesty
(Highlights/Business News)
KARACHI: The Sindh Revenue Board (SRB) on Thursday announced an amnesty scheme, comes into immediate effect, for citizens who have so far failed to pay sales tax on services starting from July ...
Friday, 18 April 2014
Saturday, 12 April 2014
5. Bulls go wild; index crosses 29,000-level
(Highlights/Business News)
... t in selected stocks across the board on strong foreign interest in oil stocks.  ...
Saturday, 12 April 2014
6. Bridging the tax gap
(Highlights/Business News)
The Federal Board of Revenue is under pressure to achieve the revenue target of Rs2.4 trillion for this fiscal year. It is said that the best way to raise taxes is through accelerated economic ...
Monday, 07 April 2014
7.
(Highlights/Business News)
ISLAMABAD: Top officials of the ministry of finance continue to enjoy benefits of the corporate sector by holding positions as directors on the boards of private and semi-government enterprises. ...
Monday, 24 March 2014
8. FBR detects 40 fake firms
(Highlights/Business News)
ISLAMABAD: The Federal Board of Revenue (FBR) has identified 40 fictitious companies which got millions in illegal sales tax refund and input adjustment in connivance with officials, according ...
Monday, 24 March 2014
9. LSM grows 2.5pc
(Highlights/Business News)
... like petroleum products, grew 11.36pc, paper and board 14.45pc, pharmaceuticals 2.45pc, electronics 4.47pc, leather products 15.59pc, non-metallic mineral products 0.20pc, engineering products 19.59pc ...
Tuesday, 18 March 2014
10. WB to approve $1.5bn loan next month
(Highlights/Business News)
...  The two programme loans worth $1bn for energy sector and growth and job creation would be taken up by the World Bank board of directors on the occasion of spring meetings of the World Bank and the ...
Tuesday, 18 March 2014
... f the two companies are being paid about Rs2-million monthly salary each, besides other perks and privileges. Some members of their boards of directors travel as far as London and Calgary to atte ...
Tuesday, 18 March 2014
12. Additional GST on auto parts sale withdrawn
(Highlights/Business News)
Tuesday, 11 March 2014
13. UAE firm signs $2.5bn multi-project MoU
(Highlights/Business News)
ISLAMABAD: On first day of its first visit to Pakistan, Arab National Construction (ANC) Holdings of Dubai was able to sign a memorandum of understanding (MoU) with the government to set up two ...
Thursday, 06 March 2014
...  billion for next two years. He disclosed that the commerce ministry has already submitted a detailed plan with the Federal Board of Revenue (FBR) for the revision in duties and tariffs to be mad ...
Saturday, 22 February 2014
15. Accord today for $900m ADB assistance
(Highlights/Business News)
...  The Central Development Working Party (CDWP) has already cleared the project, and submitted to Ecnec for approval. The ADB board has already approved the project. Pakistan only has 19pc of the global ...
Wednesday, 12 February 2014
16. ECC takes politically tough decisions
(Highlights/Business News)
... owever, the Federal Board of Revenue (FBR) will have to broaden its tax base by issuing notices to 75,000 people by the end of next month. TAX NET: By the end of last month, the FBR had issued ...
Monday, 10 February 2014
17. Pakistan economy improving: IMF
(Highlights/Business News)
... nearly $5 billion that Islamabad still owes. As part of that agreement, the IMF conducts periodic reviews in order for its executive board to approve installments of $550 million spread out over three ...
Monday, 10 February 2014
... ion to Rs750 million after the devolution. The committee recommended that the departments of federal government like Sugar Board and Cotton Commissionerate which were previously part of the m ...
Thursday, 16 January 2014
19. Rs69bn gap in July-Dec revenue.
(Highlights/Business News)
ISLAMABAD: As against a revenue collection target of Rs1,100 billion set by the Federal Board of Revenue for July-December period, Rs1,031bn could be collected, reflecting a gap of Rs69bn. Since ...
Thursday, 09 January 2014
20. Bull run continues on stock market
(Highlights/Business News)
... market having attracted inflow of $1.11 million on Wednesday. There was nothing in the news bag to tip the scales decisively in favour of the bulls, except the outcome of the meeting of the board of ...
Thursday, 09 January 2014
...  (PIA). A meeting of the board of directors of the commission was held in the federal capital today to discuss the sale of the Heavy Electrical Complex (HEC), the National Power Construction Compan ...
Thursday, 09 January 2014
22. Niche market for biomass power
(Highlights/Business News)
... far been able to fully operate on biomass alone. Apart from the massive domestic usage, there are few industries (papers, cardboard and rice shellers) that use this waste as raw material or drying.  ...
Monday, 06 January 2014
23. Govt finalises SRO withdrawal plan
(Highlights/Business News)
ISLAMABAD: The government is likely to announce next week a plan for fiscal adjustments including gas levy on all sectors except domestic consumers and a road map for withdrawal of tax exemptions ...
Saturday, 28 December 2013
24. Large-scale sector expands 5.7pc
(Highlights/Business News)
... positive growth in LSM in July-Oct 2013 was from textile 2.22pc, food and beverages 6.48pc, petroleum products 10.37pc, paper and board 17.26pc, electronics 21.20pc, iron and steel products 7.36pc, ...
Saturday, 28 December 2013
25. Package unveiled to revive economy
(Highlights/Business News)
... of the business community, the prime minister said the powers of chairman and members of the Federal Board of Revenue to access bank accounts would stand withdrawn in case of the exi ...
Friday, 29 November 2013
26. Margins in gur-making
(Highlights/Business News)
... for more than five weeks, but the government is still busy making arrangements to fix the support price. The Sugarcane Control Board, a price fixation body, last held an in conclusive meeting on November ...
Monday, 25 November 2013
27. Slow growth in tax base
(Highlights/Business News)
... said on Tuesday. The Federal Board of Revenue (FBR) has set a target of 10,000 notices per month to be issued to potential people for brining them into the tax net. In a hurriedly called press ...
Wednesday, 30 October 2013
28. Qaim seeks Chinese investment
(Highlights/Business News)
Saturday, 26 October 2013
29. FBR, Nadra in tiff
(Highlights/Business News)
ISLAMABAD: The Federal Board of Revenue (FBR) has failed to rein in tax evaders as only one per cent (321 people) of the total 31,189 people, who were sent notices under its drive to broaden the ...
Saturday, 26 October 2013
30. Drive to broaden tax net gets poor response
(Highlights/Business News)
Friday, 25 October 2013

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