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The Federal Board of Revenue (FBR) has implemented a budgetary measure of issuing ''taxpayer card'' to compliant taxpayers for imposition of 2 percent withholding tax on purchase of immovable property by non-filers of income tax returns under Finance, Act 2014. Sources told Business Recorder here on Friday that the FBR has given the job of printing of the Taxpayer Cards to National Database and Registration Authority (NADRA).

Punjab Finance Minister Mujtaba Shujaur Rehman has said the Punjab government has adopted the policy of computerisation and e-technology in government affairs and encouraging results are being witnessed, especially in the recovery of taxes. He expressed these views while addressing the meeting regarding motor registration number plates held here on Friday, disclosed an official. Secretary Excise and Taxation, Director General and senior officials attended the meeting.
In order to facilitate the taxpayers for filing the returns of income for the tax year 2014, the FBR has established more than two hundred (200) Tax Facilitation Kiosks (Kiosks)/Tax Facilitation Centres (TFCs) throughout the country on places like important business centres, shopping malls, offices of Traders' Associations/Chambers of Commerce and Industry, National and Provincial Assembly buildings, Federal Secretariat, Civil Secretariats in all the provincial capitals, Press Clubs in Islamabad and in the four provincial capitals, offices of the big public sector enterprises, and important markets where maximum number of taxpayers can avail the facility.
The Federal Board of Revenue (FBR) and retailers community from Karachi are to meet on Monday (September 22) at FBR House to discuss registration of retail outlets, discrimination between different categories of retailers and sales tax collection through electricity bills of retail outlets.
The Federal Board of Revenue (FBR) has transferred and posted 47 officers of Inland Revenue Service (BS 17-19) with immediate effect.
Despite Finance Minister Ishaq Dar announcement four months back to form a committee to review suspended SRO.351(I)/2014, the Federal Board of Revenue (FBR) is clueless of any notification on the constitution of the committee and stopped tax evasion proceedings against evaders under the said SRO. Sources told Business Recorder on Thursday that suspended SRO had granted assessment and recovery powers to the intelligence officials to recover evaded tax from the fraudsters.
Qamar Alam was elected as president of the Karachi Customs Agents Association (KCAA) unopposed for 2014-15. According to a press release issued here on Thursday, Nasim Askar was elected as Senior Vice President and Mirza Ather Baig Vice President, Kaisaf Khan Marwat as Assistant Vice President, Khurram Ijaz, General Secretary, Muhamamd Aamir, as Joint Secretary, Gohar Mehboob Information Secretary and Tariq Jawad Finance Secretary. All office bearers were elected unopposed.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln