President Asif Ali Zardari on Friday sent back the draft of Tax Laws (Amendment) Ordinance, 2013, to Prime Minister''''s Secretariat without signing it, Presidential Spokesperson Farhatullah Babar revealed exclusively to Business Recorder. Senior PPP leaders including Senator Raza Rabbani and former information minister Qamar Zaman Kaira had opposed the Ordinance arguing that it was against the 18th Constitutional Amendment.

The Federal Board of Revenue (FBR) has decided that all field offices including Model Customs Collectorates (MCCs), Regional Tax Offices (RTOs) and Large Taxpayer Units (LTUs) would remain open on Saturday (today) as per normal office hours. In this regard, the FBR has issued an office order here on Friday.

The Federal Board of Revenue (FBR) has launched a countrywide action against the private educational institutions illegally allowing 75 percent tax rebate to their employees by misinterpreting Income Tax Ordinance 2001. In this regard, the FBR has issued instructions to the field formations here on Friday to take action against all such private educational institutions, which are misusing the facility allowed to full time teacher/researcher of non-profit education or research institutions.