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Tag Archives: FBR

Panama Papers: Imran Khan calls NAB, FBR, ECP for action against Sharif’s

Advertisements After Sharif family being named in the Panama leaked papers, PTI chairman Imran Khan has called of the institutes like NAB, FBR and ECP to take the action. Further, he was of the view that our (PTI’s) stance regarding Sharif family’s wealth stored abroad is vindicated. Advertisements Our stance …

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FBR surpasses target of 2nd quarter for year 2015, collected 785bn

ISLAMABAD: Federal Board of  Revenue (FBR) has collected around 758 billion rupees against the target of 750 billion rupees which was set for the second quarter of the current fiscal year, Radio Pakistan reported on Monday. “Target for the second quarter from October to December of current financial year has …

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Islamabad Safe City project to cost Rs. 14.8 billion after 25% increase

The government’s plan to make Islamabad as Safe City will cost 25% more as compared to the previous estimate since the Federal Board of Revenue (FBR) declined to grant tax exemption to the equipment indispensible for the project. Now, the cost has increased to Rs 14.865 billion, adding Rs 3 …

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FBR not taking any action against Model Ayyan ALi

ISLAMABAD: The Federal Board of Revenue (FBR) has been refrained from taking any legal action against Model Ayyan Ali for tax evasion and hiding her income. According to reports, a case under section 192-A of the Income Tax ordinance has been designed against Ayyan which tells that hiding income over …

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Another lady dragged into Ayyan Ali’s case as the investigation proceeded

RAWALPINDI: The team that has been investigating money-laundering case against Ayyan Ali desires to question a rich lady belongs to Karachi who bought the model a luxury apartment for Rs15 million and has about Rs300 million in her bank account. According to the sources in contact with investigation team, did …

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Maulana Tariq Jameel lectures to FBR officers on ‘Morality, ethics and public service delivery’

KARACHI: Maulana Tariq Jameel delivered a sermon pertaining ‘morality, ethics and public service delivery’ to officers of Federal Board of Revenue (FBR) at Karachi on Monday. The renowned scholar threw lights on the values of honesty, integrity, truthfulness and power of character as being the major characteristics of public service. …

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10% foreign remittance tax in Pakistan expected for FY 2016

ISLAMABAD: As corridors of  power  struggles to enhance tax collection, the state is taking a proposal that could see levy of 10% tax on profit made on foreign remittances put in savings accounts. Read Also:  No plans whatsoever on taxing home remittance: Ishaq Dar The offer appears as the government …

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Ayyan Ali’s mother summoned by FBR

RAWALPINDI: The Federal Board of Revenue (FBR) has summoned Ayyan Ali’s mother Farhat Sultana for questioning regarding the source of Rs35 million found in Ayyan’s bag. According to the sources, the intelligence and investigation wings of FBR not only wanted to know the source of Ayyan’s income but they also …

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FBR issued tax notice to PTI Imran Khan’s wife Reham Khan

ISLAMABAD: Reham Khan, the wife of PTI chief Imran Khan, has been sent a notice from the Federal Board of Revenue (FBR) for not filing her income tax return of the year 2014. “Yes, we have sent a notice to Reham Khan, as we come to know through some media …

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FBR plans income tax collection from retail traders through electricity bill

KARACHI: The Director General of Broadening of Tax Base (DG BTB) has proposed collection of income tax from retail traders through electricity bills. The proposal is still at planning stage. However, if the proposal get passed it will result in collection tax from tax avoider retailers and will also help …

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Model Ayyan Ali Money Laundering Case: Court extends judicial remand to 14 days

ISLAMABAD: A custom court today extended the model Ayyan Ali’s judicial remand to 14 days because of non-cooperative behaviour by the model and adjourned the hearing till April 24. A customs investigation team presented the findings during the investigation carried by now and also stated that Ayyan doesn’t show any …

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FBR exempts customs duty for Thar Coal Field

ISLAMABAD: The Federal Board of Revenue has allowed exemption of customs duty on imported coal mining equipment, machinery, and vehicles for Thar Coal Field. According to S.R.O. 268(I)/2015 of FBR, exemption is granted for those, equipment, machinery, and vehicles that are not manufactured locally. Moreover, FBR has imposed certain conditions …

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NAB recovered 1.432 billion last year

KARACHI: NAB(National  Accountability Bureau) chairman Qamar Zaman Chaudhry visited the NAB karachi to review its performance. He was told that last year 70 suspects were arrested and an amount of Rs 1.432 billion from them was recovered. The NAB chairman was briefed about the current status by the NAB Karachi …

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Model Ayyan Ali confess to shift $1billion from Pakistan: Media Reports

ISLAMABAD: According to media reports, Super Model Ayyan who has been intorgated for alleged money laundering, confessed to shift $1 Billion from Pakistan to foreign countries and money belonged to powerful people of Pakistan, Private media reported. Latest on Ayyan Ali: Model Ayyan Ali living like a queen in Adiala Jail: …

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