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Articles for tag: Extensive, FBR, International Monetary Fund, Latest, officers, powers, sifc, Tax, Taxes

November 18, 2023

News Desk

Tax officers have extensive powers

Islamabad: The government on Friday extended the wings of the Federal Board of Revenue (FBR) to almost all districts by setting up 145 tax offices and empowered them to disconnect electricity and gas connections as well as block mobile numbers that do not file tax returns. The drastic administrative and legal measures have been taken with the aim of bringing 2 million more people into the tax net by June next year, an extremely ambitious target that the FBR would have to achieve to meet its Special Investment Facilitation Council (SIFC) commitments. . and the International Monetary Fund (IMF). As

November 9, 2023

News Desk

Taxes, used car imports drive up car prices

Islamabad: Indus Motor Company (IMC) CEO Ali Asghar Jamali has pointed to issues such as high taxation, inflation, used car imports and exchange rate volatility as drivers of higher prices for locally produced cars in Pakistan. In a meeting with journalists in Islamabad, Jamali stressed the need for a comprehensive import policy to support the development of the local auto industry while addressing the challenges posed by the large import of used cars. He also urged the government to review the taxes levied and take steps such as signing free trade agreements (FTAs) with various countries to reduce tariffs and

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