10 million in deposits? You are now on FBR radar.

Bank account holders making aggregate deposits of Rs10 million in a month are on radar of Federal Board of Revenue (FBR) for the purpose of broadening of tax base and identifying concealed incomes. Federal Board of Revenue (FBR) has said that banks are required to provide details of account holders having aggregate deposits of Rs10 million in a month. The FBR issued Income Tax Ordinance, … Continue reading 10 million in deposits? You are now on FBR radar.

Wood Kastle, Wood Hive and Imbaco Furnishers raided by FBR

The Federal board of revenue (FBR) on Thursday raided unregistered three furniture shops on G.T Road in front of DHA and seized their record to unearth alleged tax evasion. According to the details released by the intelligence arm of the FBR on Thursday, the FBR’s Intelligence & Investigation teams of Inland revenue led by Deputy Director Sarwat Malik Habib with the help of police raided … Continue reading Wood Kastle, Wood Hive and Imbaco Furnishers raided by FBR

Pakistani owners of Dubai Proprieties – FBR is about to get all your data.

Chairman Federal Board of Revenue, Syed Shabbar Ali Zaidi taking to the social networking website Twitter today detailed the meetings he had with Dubai land department in the past few days. Chairman FBR said that he met officials of the Dubai land department on October 9 and 10; the meeting was part of the efforts being made to bring clampdown corrupt elements that had transferred … Continue reading Pakistani owners of Dubai Proprieties – FBR is about to get all your data.

FBR officials unearth invoices scam from Faislabad

Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi on Tuesday lauded an FBR Faisalabad team for unearthing “a big fake and flying invoices scam” and arresting two businessmen involved in it. “Congratulate FBR Faisalabad team for unearthing a big fake and flying invoices scam. Two people are in custody after remand,” he tweeted. Warning people against indulging in such activities, he said automation has … Continue reading FBR officials unearth invoices scam from Faislabad

Mobile contactless payments with Gemalto, Visa now available with UBL

UBL is the first bank in Pakistan who has partnered up with Gemalto, Visa and 1LINK to launch digital payment through tokenisation on the UBL Digital App. The aim is to offer traditional payment services into convenient, secure and rewarding digital payment experiences. With this ambition in mind, UBL will enable its customers to enjoy the freedom and convenience of secure payments, via the bank’s … Continue reading Mobile contactless payments with Gemalto, Visa now available with UBL

Shabbar Zaidi Happy with the Tax Reforms

The government’s reforms to mobilise tax revenue are bearing fruit, says Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi. Speaking to Pakistan Tehreek-i-Insaf (PTI) vice president Zahid Hussain Kazmi, he said the FBR succeeded in achieving 90 per cent of tax collection target for the first quarter of the ongoing fiscal year as Rs920 billion have been collected in taxes thus far. During the … Continue reading Shabbar Zaidi Happy with the Tax Reforms

FBR given 10 Days to solve purchase over 50k CNIC issue

Chairman of the Senate Standing Committee on Commerce and Textile Industry, Senator Mirza Muhammad Afridi, has directed the FBR to solve the issue of NICs being needed for purchases of over Rs 50,000. Speaking at a meeting of the standing committee, Afridi observed that NIC condition has shaken the foundations of the economy, and directed chairman FBR to find an acceptable solution within ten days. … Continue reading FBR given 10 Days to solve purchase over 50k CNIC issue

A Serious BITCOIN Rival Warning – Tim Cook, Apple CEO

The bitcoin price leaped around 200% over the first six months of the year largely due to social media giant Facebook’s now crumbling plans to launch its own private bitcoin rival, libra. Meanwhile, iPhone-maker Apple raised eyebrows last month when one of its executives said it’s “watching” cryptocurrencies, but Apple chief executive Tim Cook has now poured water on expectations it could be planning its … Continue reading A Serious BITCOIN Rival Warning – Tim Cook, Apple CEO

FBR launching aggressive campaign to get industrial commercial consumers registered for income tax

The Federal Board of Revenue (FBR) is all set to launch an aggressive campaign from October 15, 2019 to get industrial and commercial consumers registered for income tax. Chairman FBR, Syed Shabbar Zaidi, in a tweet on Friday said that all industrial and commercial consumers were must be registered for income tax purposes. The FBR chairman said that the board had been using persuasive modus … Continue reading FBR launching aggressive campaign to get industrial commercial consumers registered for income tax

Nida Dar becomes 1st Pakistani woman cricketer to feature in a foreign league.

She will play for Sydney Thunder as their overseas player in Women’s Big Bash League. Nida Dar has become the first Pakistani woman cricketer to feature in a foreign league after she was selected by Sydney Thunder as their overseas professional player in Australia’s Women’s Big Bash League, which will be played from October 18 to December 8. Nida has played 71 ODIs and 96 … Continue reading Nida Dar becomes 1st Pakistani woman cricketer to feature in a foreign league.