A meeting of Board-in-Council of the Federal Board of Revenue (FBR) will be held here at the FBR House on Friday (today), which will be chaired by FBR Chairman Ansar Javed. Sources told Business Recorder on Thursday that Imtiaz Ahmed Khan, Chief Executive Officer (CEO), Pakistan Revenue Automation (Pvt) Ltd (PRAL), would give a detailed presentation in the meeting on the progress made by FBR on automation and related projects.

Presidential Spokesman Farhatullah Babar has said that the President has not signed any Tax Laws (Amendment) Ordinance, 2013 so far. Talking to Business Recorder here on Thursday, he said that so far no such Ordinance had been signed by the President. Meanwhile, the Federal Board of Revenue (FBR) has not received the signed copy of the Tax Laws (Amendment) Ordinance, 2013. The Ordinance was dully vetted by the Law Division, but the Board has not received the copy of the signed Ordinance, sources added.

Pharmaceutical distributors demanded of the Federal Board of Revenue (FBR) to rationalise Withholding Tax on Pharma distributors as their business involves high turnover with very little profit margin.