Tag: revenue

Federal sales tax on restaurants: SRB terms FBR’s decision unconstitutional

Sindh Revenue Board (SRB) has expressed serious concern over Federal Board of Revenue (FBR) proposed amendments in Chapter 98 (services) of the First Schedule to...

MCC Quetta breaks revenue collection record in 1Q20

Model Custom MCC collectorate (Appraisement) broke all revenue collection record by collecting Rs6.716 billion during first fiscal quarter of financial year 2019-20. According to revenue...

Punjab attains 44pc revenue growth in first quarter of current FY

Punjab collects Rs 77 billion revenue registering 44 percent growth in first quarter of current fiscal year. It was informed that Rs 388 billion...

Govt focusing on trade diversification in engineering goods to increase exports: Razak Dawood

ISLAMABAD: Adviser to Prime Minister on Commerce, Textiles and Industries Abdul Razak Dawood Wednesday said trade diversification through engineering goods would increase the local exports...

Power division collects record additional Rs19.95 billion revenue in July

ISLAMABAD: The power division broke all past records and revenue witnessed an increase of additional Rs19.95 billion, 1.46 per cent reduction in line losses and...

Govt working hard to improve ease of doing business: Hafeez Shaikh

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Thursday said the government was working hard to improve ease of doing...

Total revenue increased to 4.9 trillion in FY19

ISLAMABAD: As many as Rs 4,900,724 million total revenue were collected by the government during the fiscal year 2018-19, including Rs 4,473,422 million tax revenues...

FBR works out plan to increase ST registrations upto 0.4mn in 3 years

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday set the target to mount Sales  Tax Registration (STN) upto 400,000 people in next three years to...

NA body clears AML, Foreign Exchange Regulation Bills, 2019

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue unanimously passed the Foreign Exchange Regulation (Amendment) Bill, 2019 and The Anti Money Laundering (Amendment)...

FBR’s revenues to surge to Rs 10.5 trillion by 2023-24: IMF

ISLAMABAD: The International Monetary Fund (IMF) has projected that the revenues of Federal Board of Revenue (FBR) would increase to Rs 10.5 trillion by the...