Wednesday, February 27, 2013
By Mehtab Haider
Misuse of new sales tax withholding regime ISLAMABAD: The Federal Board of Revenue (FBR) has registered first information reports (FIRs) against seven textile companies for misusing the new sales tax withholding regime, sources ...

Wednesday, February 27, 2013
By Mehtab Haider
Takes notice of CDWP, Planning Commission approvals ISLAMABAD: The Election Commission of Pakistan (ECP) has taken strong notice of the approval by the Central Development Working Party (CDWP) last week of schemes worth billion of ...

Wednesday, February 20, 2013
By Mehtab Haider
Many questions floating around finance minister’s exit and future ISLAMABAD: The outgoing finance minister may get a key position in the next caretaker set-up, his close associates said as Dr Hafeez Shaikh met President Asif Ali ...

Wednesday, February 20, 2013
By Mehtab Haider
ISLAMABAD: Tax authorities have identified two sugar mills allegedly involved in evading taxes worth millions of rupees, sources said on Tuesday. “The Federal Board of Revenue (FBR) found huge discrepancy in the stocks of the two ...

Wednesday, February 20, 2013
By Mehtab Haider
ISLAMABAD: The Competition Commission has asked the government to open up the domestic market to new and used car imports by introducing reasonable tariffs and exercising quality control. As part of its ongoing sector research, the ...

Wednesday, February 13, 2013
By Mehtab Haider
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed raising the Federal Excise Duty (FED) on the middle slab of cigarette brands in order to jack up revenues by Rs10 billion, it is learnt. On the other hand, the FBR has ...

Wednesday, February 13, 2013
By Mehtab Haider
Tax evasion ISLAMABAD: Taking serious notice of sharp drop in tax revenue collection from sugar mills, the Federal Board of Revenue has tasked 200 tax officers to monitor inventory position and production of 67 sugar factories ...

Wednesday, February 06, 2013
By Mehtab Haider
ISLAMABAD: Tax authorities have unearthed a mega scam worth billions of rupees in which it was found that the concessions granted to industrial importers of compressor scraps were being misused to cause loss to national ...

Wednesday, January 30, 2013
By Mehtab Haider
ISLAMABAD: The biggest case of outstanding tax involving Rs129 billion against Tehrik-e-Jadid Anjuman Ahamdia Chanab Nagar is lying before the Lahore High Court, while total stuck-up amount of the Federal Board of Revenue (FBR) in ...

Wednesday, January 23, 2013
By Mehtab Haider
ISLAMABAD: Following is one classic example of how billions of rupees scam was hushed up in the country’s premier tax collection agency, the Federal Board of Revenue (FBR), without penalizing anyone after passing of several years. ...