Tag Archives: FBR

Aftab Maken The Federal Board of Revenue (FBR) said it categorically in meeting of the finance committee that it would block undisclosed incomes and assets. Chairman FBR, Rashid Langrial, further said that only 2.5% of individuals will be affected by the Tax Laws Amendment Bill, and investors in the property …

Aftab Maken The Senate Standing Committee on Finance has voiced strong disapproval of the Federal Board of Revenue’s (FBR) decision to purchase over 1,000 vehicles worth billions of rupees. During a meeting chaired by Senator Saleem Mandviwalla, the committee criticized the procurement and recommended halting it immediately. The controversy began …

The Senate Standing Committee on Finance has approved the Tax Laws (Amendment) Bill 2024. Under the new amendments, non-compliant tax filers will be prohibited from purchasing luxury vehicles, properties, and bungalows. They will also face restrictions on opening bank accounts and purchasing shares. Chairman of the Federal Board of Revenue …

The Senate Standing Committee on Finance convened a meeting here on Tuesday and chaired by Senator Saleem Mandviwalla. Senator Shibli Faraz noted that the required members of the committee were not present to complete the quorum, suggesting the meeting be postponed. No members from Pakistan People’s Party (PPP), Pakistan Muslim …

Staff Report The Ministry of Law and Justice, in collaboration with the Federal Board of Revenue (FBR), successfully concluded a transformative three-day training program for customs prosecutors, says an official release. Held at the National Institute of Banking and Finance (NIBAF), the program aimed to enhance prosecutors’ professional capabilities, equipping …

BeNewz Special The Federal Board of Revenue (FBR) Directorate of Intelligence and Investigation Inland Revenue, Islamabad, has arrested the bank manager of the First Women Bank’s Imperial Court Branch in Karachi in connection with a tax fraud case. According to FBR sources, the accused opened a bank account in the …

Federal Minister of Finance, Muhammad Aurangzeb, has stated that Chinese ministers have appreciated the discussions with the International Monetary Fund (IMF) and that China will support Pakistan in the IMF board’s approval. He added that without achieving macroeconomic stability, the issues will not be resolved. During a press conference in …