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Articles for tag: Cabinet, digitization, FBR, Federal, nod, Restructuring

January 30, 2024

News Desk

FBR gets federal cabinet nod for restructuring, digitization

DG Customs, Inland Revenue will have full administrative, financial and operational powers Caretaker Prime Minister Anwaar-ul-Haq Kakar chairs the federal cabinet meeting in Islamabad on January 30, 2024. — PID “Caregivers should only lay the groundwork for tax authority reform.” The economic czar heads the Federal Policy Council to formulate policies, goals. The Premier directs the avoidance of conflict of interest when appointing experts. ISLAMABAD: In a move to adopt globally recognized practices to manage tax and revenue affairs, the federal cabinet on Tuesday gave the go-ahead for the restructuring and digitization of the Federal Board of Revenue (FBR). The

December 17, 2023

News Desk

Biden’s Muslim nominee for federal court faces ‘Islamophobic’ questions from Republicans

Senators Tom Cotton, Ted Cruz and Josh Hawley rudely questioned Adeel Mangi during her recent confirmation hearing Various organizations and senators have attacked three Republican senators for asking hostile questions of President Joe Biden’s historic judicial nominee, Adele Mangy, during her recent confirmation hearing. He is the first Muslim-American nominee for the federal appeals court. During Wednesday’s hearing by the Senate Judiciary, Senators Tom Cotton, Ted Cruz and Josh Hawley rudely questioned Adeel Mangi about his views on the 9/11 attack on the World Trade Center towers and the October 7 attack on Israel as well as the location of

November 28, 2023

News Desk

FBR failed to achieve desired results from 2016-2023: federal minister

Fawad calls for necessary reforms in public services and taxation to fix the woes facing the economy Privatization Acting Minister Fawad Hasan Fawad speaking at the Pakistan Prosperity Forum. — Screengrab/Facebook/Prime Institute FBR collection not increased despite increase in tax burden: Fawad. Minister says public sector reforms have led to cartelization by elites. It calls for the undertaking of the necessary public services, tax reforms. ISLAMABAD: Privatization Acting Minister Fawad Hasan Fawad believes that the Federal Board of Revenue (FBR) has failed to achieve the desired results from 2016 to 2023, he said The news on Tuesday. Addressing an event

November 16, 2023

News Desk

Joe Biden nominates Pakistan-born lawyer to US federal appeals court

If approved, Adeel Mangi will become the first Muslim American to serve on a US federal appeals court Adeel Mangi. — Courtesy of NBC News Adeel Mangi is a graduate of Harvard and Oxford Law School. He actively pursued religious liberty cases during Trump’s tenure. Lawyer Adeel Manqi belongs to Karachi. US President Joe Biden on Wednesday nominated Pakistani-born lawyer Adeel Mangi to serve on a federal appeals court, he said. The Washington Post. If the nomination passes the Democratic-controlled US Senate, then Mangi, a Harvard and Oxford-educated lawyer, would become the first Muslim American to serve in that position

November 14, 2023

News Desk

Impending US Government Shutdown Threatens Federal Business — What’s at Stake?

The U.S. Capitol dome is seen beyond a chain-link fence during the partial government shutdown in Washington, U.S., January 8, 2019. —Reuters As the United States nears a possible government shutdown, House Speaker Mike Johnson is proposing a distinct approach to averting a crisis and ensuring federal workers don’t go without pay just before Thanksgiving. With the deadline looming on Saturday, November 18 at 12:01 a.m., the nation is on the brink of a shutdown if Congress does not pass legislation to extend federal funding. Here’s a comprehensive overview of the situation and critical elements surrounding the impending government shutdown:

October 31, 2023

News Desk

K-Electric gets the highest federal subsidy of Rs 169 billion

A representative image of K-Electric account. —KE Live The KE subsidy is met from the federal budget. Iesco, Lesco and Fesco give way to other Discos. KE says natural gas supply to stranded power plants is being interrupted. ISLAMABAD: The federal government is providing the highest subsidy to K-Electric as compared to state-owned power distribution companies (Discos), it emerged on Wednesday. According to the Ministry of Power (Department of Power) statistics, K-Electric’s net required subsidy is Rs 169 billion and is met from the federal government budget. Among the discos, three are Islamabad Electric Supply Company (Iesco), Lahore Electric Supply

June 25, 2022

The Pakistan Daily

Federal govt increases tax rates for salaried class

ISLAMABAD: Federal government has revised the tax rate on the salaried class in a bid to increase revenue in the fiscal year 2022-23. According to the new proposals, the government plans a tax rate of 2.5% for income brackets of Rs50,000 to Rs100,000. For income earners from Rs100,000 to Rs200,000 on monthly basis, a fixed tax of Rs15,000 will be collected and a Rs165,000 tax has been proposed on income earners from Rs200,000 to Rs300,000. Individuals earning between Rs2.4 million and 3.6 million/year would be charged a fixed rate of Rs. 165,000, while people whose taxable income exceeds Rs 3.6

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