Tag: tax
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Standard Chartered Pakistan posts record profit before tax of PKR 89.2bn
KARACHI, 26 February 2024 – Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank announced its Annual Results for 2023 today. Highlights: • Highest ever profit after tax of PKR 42.6bn; up 115 per cent YoY • All time high income of PKR 107.5 bn; up 72 per cent YoY • Total…
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FBR reveals over 390 officers have not declared annual assets
ISLAMABAD: Federal Board of Revenue (FBR) headquarters released a list of names of officers from the Inland Revenue and Customs Service, who failed to declare assets. Notices have been issued to the Inland Revenue and Customs Service officers of grades 17, 20, and 21 who failed to disclose their annual assets. The performance allowance of…
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Pakistan to Meet its Tax Collection Target With Ease
Prime Minister Imran Khan has said that the Federal Board of Revenue’s (FBR) tax revenue collection has been 23% more than the intended target in July and August. In a Twitter post, he said that the FBR had collected Rs. 850 billion in the last two months, which is 51%more than the revenue collected in…
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How will consumers benefit from the New Auto Policy 2021-26?
The revision of car prices in Pakistan has been a topic under discussion in the country with people debating over it over the dining table and even social media. A lot of speculations and rumours were heard about the revision of car prices and despite several notifications, still, the picture was pretty much unclear for…
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Important Aspects of the Federal Budget 2021-22
Lahore: Important aspects of the federal budget have come to the fore. According to reports, today the important points of the federal budget are slowly coming to the notice of the people. Here are some details regarding the important points. 1- Re-launch of self-assessment scheme 2- Third party audit introduced 3- Automatic selection for audit…
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Sucking TAX Payer’s money, PIA must cease to exist
PIA is a blood sucking tool of the unknown and the nation is bleeding already due to other laurels brought by many of the previous governments and the present one also following suit. Losses of the PIA are being increased every year. From where this money comes that PIA still remains a float? You and…
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CM Sindh tasks revenue officers to collect Rs. 20 billion from Agriculture Income Tax
HYDERABAD, (19th March, 2021, 8:00 pm) (APP):Chief Minister Sindh Syed Murad Ali Shah Friday tasked revenue officers to collect Rs. 20 billion from agriculture income tax. Presiding over a Training Session of Revenue officers at Shahbaz Hall, CM Sindh said that the Revenue Officers have to complete the process of AIT assessment and prepare a…
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FBR to pay refunds through CITRO
ISLAMABAD, Mar 10 (APP):The Federal Board of Revenue (FBR) on Wednesday established a Centralized Income Tax Refund Office (CITRO) to facilitate taxpayers by releasing income tax refund payments directly into their bank accounts in an expeditious and transparent manner. According to an FBR press statement issued here, Member IR (Operations) inaugurated the launch of CITRO…
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Muntazir Khan directs recovery of revenues including agricultural tax
PESHAWAR, Mar 08 (APP): Commissioner Mardan Division Muntazir Khan has directed the revenue officers for full concentration on recovery of revenues including agricultural tax to achieve 100 percent tax collection target. He issued these directives while presiding over a meeting regarding the performance of administration department and revenue matters held at Deputy Commissioner (DC) Office Mardan…
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Britain plans to ramp up tax on company profits to 25 percent
London, March 3 (AFP/APP): Britain plans to ramp up tax on company profits to 25 percent from 2023 as state debt surges on coronavirus fallout, finance minister Rishi Sunak announced in his budget Wednesday. Corporation tax will be hiked from 19 percent currently, Sunak told parliament. Flowers are among the greatest gifts of nature: Abdul Waheed…