karachi - The Sindh Finance Minister Shakaib Qureshi has said that priorities of the Finance Department are to improve provincial revenue receipts from its own resources, leveraging the strength of government land holdings for project financing; and to create a more ‘enabling’ ...

lahore - After taking notice of the tax experts’ fear that lack of coordination between federal and provincial revenue departments could lead to oozing of taxes from the national exchequer, the Punjab Chief Minister Najam Sethi sent his adviser on Tax and Finance to visit Sindh to settle the ...

ISLAMABAD - The Capital Development Authority (CDA) has worked out a comprehensive strategy for enhancement of revenue generated from municipal services to upgrade the civic facilities in an effective and better manner. CDA Chairman Syed Tahir Shahbaz said this during a press briefing here at the ...

LAHORE - SALMAN ABDUHU - The growing user base of new messaging applications have severely hampered SMS revenue for telecom operators in markets like India, Singapore, Indonesia and Pakistan, industry sources said. According to them, messaging applications like Nimbuzz, are finding tremendous ...

lahore - PIA staffer embezzled Excess Baggage Ticket (EBT) and received Rs 12000 illegally from Oslo bound passenger at Allama Iqbal International Airport (AIIAP) on Monday, said sources in the airlines here. An officer of PIA seeking anonymity said that on the day of incident a passenger, Khalid ...

ISLAMABAD - The Federal Board of Revenue (FBR) has constituted two task forces to formulate policy measures to increase revenue, enhance efficiency in tax department and bring more transparency in tax administration.According to a notification, the FBR chairman has constituted two task forces ...

TOKYO – The Bank of Japan governor urged the government on Tuesday to take steps on both revenue and spending as public finances are on an unsustainable path.Haruhiko Kuroda, speaking in parliament, also told lawmakers that a planned increase in sales tax is among the steps needed as Japan ...

ISLAMABAD - Taking serious notice of the fall in revenue collection in nine months (July 2012 to March 2013), Federal Board of Revenue (FBR) Chairman Ansar Javed on Monday directed that remedial strategies be made to ensure collection of the assigned targets for the last quarter ending June 30, ...

MULTAN - The government has decided to transfer all SHOs and revenue officers with political links to other districts besides installing CCTV cameras at sensitive polling stations across the district. This was disclosed by the newly-appointed DCO Gulzar Hussain Shah and new CPO Ghulam Mehmood Dogar ...

ISLAMABAD - Prime Minister Mir Hazar Khan Khoso has said that the caretaker government is committed to take appropriate steps for the stability of the national economy and directed the officials of Ministry of Finance to focus on exploring ways and means to ensure that the revenue targets set in ...

HAFIZABAD - Federal Board of Revenue failed to achieve revenue collection target of nine months of the financial year targeted at Rs 1785 billion and could only get Rs 1210 billion, a shortfall of 32 percent. FBR sources said that originally the FBR was to collect taxes to the tune of Rs 2381 ...

KHAIRPUR TAMEWALI - The revenue record of Bahawalpur Division is being made computerised by establishing 18 service centres in the region, said the commissioner.Bahawalpur Division Commissioner Muhammad Khan Khichi was addressing a meeting chaired by Punjab Board of Revenue member Jehanzeb Khan.In ...

ISLAMABAD - Participants of a roundtable discussion organised by Institute of Regional Studies (IRS) here on Wednesday agreed that the Federal Board of Revenue (FBR) would have to be made operationally autonomous to improve tax collection and control corruption within organisation. Dr. Muhammad ...

ISLAMABAD - The government is contemplating to set revenue collection target at Rs 2,232 billion for the upcoming financial year 2012-2013 aiming at generating additional revenue through administrative measures and bringing non-taxpayers into the tax net, TheNation learnt on Tuesday.Official ...

ISLAMABAD - Federal Tax Ombudsman (FTO) Muhammad Shoaib Suddle on Friday said that smuggling related to the transit trade is recording a major decline of 60 per cent in one year leading to generate additional revenue of more than Rs one billion per month after investigation completed by FTO ...

ISLAMABAD - The Federal Board of Revenue (FBR) has collected Rs 1107 billion revenue during the first eight months (July-February) of the ongoing fiscal year 2011-2012 which is 25 percent higher than the collection of last year 2010-2011.Sources told TheNation on Wednesday that according to the ...

KARACHI - PIA’s 337th Board of Directors’ meeting was held here on Saturday. Board approved the Corporate budget for the Financial Year 2012 wherein revenue of Rs 142.831 billion has been targeted for 2012. It also approved the marketing plan for 2012-2014. Other matters of strategic ...

ISLAMABAD - The Federal Board of Revenue (FBR) has collected Rs 960 billion during the first seven months (July-January) of the ongoing financial year 2011-2012, which is 25 per cent higher than the collection of same period last year, it was learnt on Saturday.According to the provisional figures, ...

ISLAMABAD  - The World Bank (WB) is likely to remain engaged in the critical issues of revenue mobilization etc. through analytical work, ongoing projects and exploring results based operations.Although the Bank may not be able to provide policy support to Pakistan given the weak conditions ...

ISLAMABAD - Islamabad Chamber of Commerce and Industry (ICCI) on Saturday observed that no work has been done for the reduction of tax gap in the country that needs special consideration by the authorities concerned, which would ultimately help to increase the tax-to-GDP ratio. “The tax gap ...

ISLAMABAD - The Federal Board of Revenue (FBR) has collected Rs 840.7 billion in the first half (July-December) of the ongoing financial year 2011-12, which is 27 per cent higher than the collection in same period last year 2010-11, reveal the latest revenue figures on Sunday. According to the ...

OUR STAFF REPORTER ISLAMABAD - Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh Friday informed the Prime Minister Yousuf Raza Gilani that revenue collection had surged by over 28 per cent during the first five months (July-November) of the ongoing financial year 2011-12 as compare ...

ISLAMABAD (APP) The Mini Tourist Train project launched by the Capital Development Authority (CDA) costing millions of rupees, has failed to achieve its objective of providing recreational facilities to tourists and earning revenues. The tourist train was launched at the end of July to entertain ...

PESHAWAR - In the wake of dispute in Regi Model Town between Revenue Department and Koki Khel tribe on boundary line, the tribal elders from Tehsil Khyber Agency demanded of Governor Khyber Pakhtunkhwa to form a commission for excavation of Maffey and Grift Award in order to resolve the issue. ...

ISLAMABAD - The Federal Board of Revenue Thursday decided that Chief Commissioners should prepare their revenue estimates based on rate of inflation, economic growth and their efforts in enforcement, demand creation, audits and bringing new taxpayers in the net and these estimates shall be reviewed ...

ISLAMABAD (APP) Following is the detail of estimated transfer to the Provincial Governments on account of their share in federal taxes and straight transfers during the year 2011-2012. Classification Budget Revised Budget 2010-11 2010-11 2011-12 Divisible Pool Taxes (Rs in million) Income Tax ...

We always cry for corruption in departments and curse those who involve in this menace but we never bother to investigate why departments are steep declining financially and showing worse performance. It is fact that few corrupt Pakistan Railways officials sent to incarceration as they plundered ...

OUR STAFF REPORTER KARACHI - The national flag carrier PIA has achieved highest revenue in excess of Rs107.532 billion in 2010 as compared to Rs95.564 billion in 2009, with a revenue growth of 12.52 percent. The airline also registered an increase in seat factor from 70 percent in 2009 to 74 ...

OUR STAFF REPORTER KARACHI - The breach of intellectual property rights are causing billion of rupees loss in revenue to the national exchequer. According to an estimate Pakistan governments annual revenue loss from intellectual property rights infringement have shot up to a staggering Rs21 ...

ISLAMABAD (INP) Against a target of Rs.1.016 trillion for the first nine months of the current fiscal year, Federal Board of Revenue (FBR) has been able to collect Rs.1.010 trillion up to 30th March, 2011. According to details, collection challans for 31st March, 2011 are being processed and the ...