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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,209
7624hr
Pakistan Cases
1,020,324
4,49724hr
7.53% positivity
Sindh
374,434
Punjab
354,904
Balochistan
30,019
Islamabad
86,602
KPK
142,799

Sohail Sarfraz

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FBR, agencies to be empowered to enforce anti-smuggling law

The Federal Board of Revenue (FBR), security and intelligence agencies would be fully empowered to enforce Prevention of Smuggling Ordinance 2020 within the country for checking smuggling of foreign currency, gold, sliver, sugar, onion, rice, pulses, whea
Published 20 Apr, 2020 12:00am
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Tax expert advocates escrow accounts for developers, builders

The government should allow developers and builders to deposit project investment money in the escrow accounts instead of bank accounts to claim exemptions from probing source of investment under section 111 of the Income Tax Ordinance 2001.
Published 19 Apr, 2020 12:00am
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IMF scales down tax target to Rs 3.908 trillion

The International Monetary Fund (IMF) has revised projection of Federal Board of Revenue (FBR) tax collection of Rs 4.8 trillion pre-Covid-19 to Rs 3.908 trillion post Covid-19 for the current fiscal year, reflecting a decrease of Rs 0.892 trillion.
Published 18 Apr, 2020 12:00am
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Commissioners must complete refund process this week: FBR

In a major move to expedite processing of sales tax refund claims of exporters, the Federal Board of Revenue (FBR) Monday directed the chief commissioners to immediately deploy all resources for completion of process during the current week, keeping in vi
Published 14 Apr, 2020 12:00am