The government in Pakistan on Wednesday announced holidays for Eid Al Adha 2019. According to a notification by the Ministry of Interior, August 12, 13, 14, and 15 will be holidays. Saturday, August 17, will be a working day. Last month, the minister for science and technology Fawad Chaudhry had announced that Eid Al Adha this year would fall on Monday, August 12, the report … Continue reading Eid Al Adha Holidays from Monday to Thursday
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The Federal Board of Revenue (FBR) extended the deadline for filing of income tax returns for the year 2018 to August 9th 2019 coming Friday. “In Continuation of Circular No. 07/2019 dated 02.07.2019 and in exercise of the powers conferred under Section of 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to further extended the date of filing of … Continue reading New deadline by FBR- August 9th 2019
Figure reported by FBR is different from cash deposited in treasury. At least Rs10 billion worth of discrepancy has been found between figures reported by the Federal Board of Revenue (FBR) and cash deposited in the treasury, underscoring the need for immediately resolving reconciliation issues that can undermine credibility of official figures. The discrepancy highlights the urgency to establish an online interface between the FBR … Continue reading Pakistan’s financial system shows discrepancy worth PKR 10b-24b. Urgent need to establish an online interface between the FBR and SBP.
The Federal Board of Revenue (FBR) has rolled out three schemes to facilitate the retailers and small traders in complying with the tax regime. As 80 to 90 percent of the retailers are not registered with the tax authorities an initiative has been taken to make the tax requirements easier and bring the small businesses into the tax net. FBR has notified: Simplified Scheme for … Continue reading Good news for Small Shopkeepers and Traders- FBR finally listened and made it easy.
Federal Board of Revenue – FBR expands its net to non-resident Pakistanis FBR has reduced the stay period of Pakistanis for tax collection purposes with effect from 2015, which may result in litigation as independent legal experts argue that substantive changes in law can only be made prospectively. On 30th June 2019 FBR issued a circular aimed at explaining important amendments to the Income Tax … Continue reading Non resident Pakistanis definition changed.
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Latest update 4 dead and 30 injured in an explosion at Mezan Choke Quetta . It is a really sad moment for us😭. May the soul of martyrs rest in Jannah. (Ameen) Pak army #PlaneCrashed in residential area in Rawalpindi, 17 died, many injured Continuous firing of indian army in Leepa Valley and Neelum Valley, 3 died, 35+ injured Blast in #Quetta, 4 died, 32 … Continue reading Quetta: 4 martyred, 30 injured including 4 critical.
Small plane crashes in Bahria Town Phase 7 Rawalpindi. According to reports at least 10 people were killed and 12 others wounded including 2 children. It was a Pakistan Army aviation small aircraft on routine training flight. 5 crew members including 2 officers (Pilots) embraced Shahadat. Crew members included Lt Col Saqib -Pilot Lt Col Waseem – Pilot Naib Subedar Afzal Havaldar Ibne Ameen Havaldar … Continue reading Plane crashes: Bahria Town Phase 7
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