FBR
PBC Recommends 10-Car Ownership Cap to Tackle Tax Evasion in Pakistan
The Pakistan Business Council (PBC) has urged the Federal Board of Revenue (FBR) to introduce a cap on individual vehicle ownership, limiting registrations to a…
Senate Committee Debates Money Bill Status, Calls for Law Ministry’s Clarification
Islamabad: The Senate Standing Committee on Finance and Revenue convened under the chairmanship of Senator Saleem Mandviwalla here at the Parliament House, addressing critical financial…
Azad Jammu and Kashmir Gets FBR’s New POS System
ISLAMABAD: The POS system has been expanded to Azad Jammu and Kashmir by the Federal Board of Revenue (FBR). The Point-of-Sale (POS) system has been…
PM Shehbaz Postpones New Real Estate Tax Reforms
Prime Minister Shehbaz Sharif has postponed a decision on the proposed tax incentive package for the real estate sector, citing the need to address key…
Multi-Billion-Rupee Solar Panel Import Scam Involves Famous Pakistani Banks
The Senate Finance Subcommittee, chaired by Senator Mohsin Aziz, convened on Thursday to discuss the ongoing investigation into the solar panel import over-invoicing. The committee…
FBR Sets New Policy for Non-Filers Buying Bikes, Rickshaws, and Small Cars
ISLAMABAD: The National Assembly’s Standing Committee on Finance and Revenue approved a proposal on Tuesday permitting non-filers to purchase motorbikes, rickshaws, tractors, and cars up…
IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
Govt May Scrap FED on Property Transfers Amid Industry Concerns
ISLAMABAD: The federal government is considering removing the Federal Excise Duty (FED) on the transfer of plots and commercial properties due to low revenue generation…
FBR Turns a Blind Eye as Wateen Telecom Ltd Issues Reduced Tax Certificates
ISLAMABAD: The Federal Tax Ombudsman (FTO) has uncovered a new form of suspicious activity involving Wateen Telecom Ltd, which has been issuing fewer tax deduction…
General Public Being Deceived Through Fraudulent Real Estate Investment Schemes
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has been receiving complaints on a continuous basis from individuals, especially senior citizens, who have been…
PTA Advises Buyers to Verify FBR Tax Compliance Before Purchasing Mobile Devices
Islamabad: The Pakistan Telecommunication Authority (PTA) advises all consumers to verify the tax payment status of mobile devices before making any purchase. Buyers must ensure…
Fraud Halted in Faceless Clearance System as Customs Suspends 45 Licenses
Pakistan Customs has prevented an effort to manipulate the recently implemented Faceless Customs Assessment System (FCAS), which allows for expedited and high-quality evaluations. Such an…
Massive Corruption Scandal Exposed in Solar Panel Imports Involving Dubai Islamic Bank
Islamabad: A Senate subcommittee on Finance has unearthed a staggering multi-billion-rupee corruption scandal tied to solar panel imports. The investigation revealed massive over-invoicing and dubious…
