Tag: FBR
-
Telecom companies block 9,000 SIMs of non-filers under FBR directive
Telecom operators have taken action by blocking the mobile SIMs of approximately 9,000 individuals who have not filed their taxes, following directives from the Federal Board of Revenue (FBR).
-
IHC stops government from blocking SIMs of non-filers
The Islamabad High Court (IHC) on Tuesday stopped the government from blocking phone SIMs of non-filers. IHC Chief Justice Aamer Farooq issued a stay order effective till May 27 as the court took up the petition today filed by a mobile phone company challenging the government’s decision to block SIMs of non-filers. Salman Akram Raja,…
-
Tax chor tyar hojaen; FBR, telecos agree to start blocking SIMs
The Federal Board of Revenue (FBR) and telecom operators have agreed on blocking SIMs of tax non-filers as part of the government’s strategy to punish tax evasion, The News reported on Saturday. In a statement, the FBR announced that telecom companies have agreed to start the manual blocking process of SIMs in small batches until…
-
Mobile SIMs of over 500,000 tax evaders to be blocked under FBR directive
The Federal Board of Revenue (FBR) has identified 506,671 individuals who have not filed their income tax returns for the 2023 tax year and issued an order to block their mobile phone SIM cards.
-
FBR seizes counterfeit cigarettes worth Rs96 million in nationwide crackdown
In a sweeping enforcement effort spanning the nation, the Federal Board of Revenue (FBR) has confiscated 1,235 packs of counterfeit cigarettes, valued at approximately Rs96 million.
-
Crackdown against $23 billion black market results in attacks on custom officials
On Saturday, three people, including two Customs officials, were murdered in an attack near Bannu Road when unknown gunmen opened fire targeting their vehicle at the Yarak toll plaza in Dera Ismail Khan district of Khyber Pakhtunkhwa. This is the second attack on Pakistan Customs officials in less than a week in Dera Ismail Khan.…
-
PM orders rapid action against tax evaders
In a meeting held on Monday, Prime Minister Shehbaz Sharif has authorised that swift action be taken against tax evaders and defaulters. He tasked the committee to identify all obstacles and delays in the implementation of Trace and Track System (TTS) in tobacco, sugar, cement and fertilizer industries. The PM also said that action should…
-
IMF wants Pakistan to increase petrol prices
The International Monetary Fund (IMF) conveyed to the Pakistani authorities that while the Petroleum Development Levy (PDL) has considerably increased in recent years, the taxation of petroleum products has declined since 2019. “The relatively low rate of taxation of petrol is also reflected in the sale price relative to other countries.” The IMF emphasized that…
-
IMF urges Pakistan to expand capital gains tax scope to include cryptocurrencies
The International Monetary Fund (IMF) has advised the Federal Board of Revenue (FBR) to broaden the scope of capital gains tax (CGT) by incorporating cryptocurrencies into the tax regime.
-
IMF mission to arrive tomorrow for final review discussions on Pakistan’s SBA
The International Monetary Fund (IMF) mission is poised to commence vital economic review discussions from March 14 to 18, 2024, marking the conclusive evaluation of Pakistan’s Standby Arrangement (SBA).