The Federal Board of Revenue (FBR) has announced to incentivize submission of timely, quality reports by Inquiry Officers while proclaiming a punitive regime for the Inquiry Officers who fail to file inquires on time.According to documents available wi…
The Asian Development Bank (ADB) is planning to provide about US$ 10 billion to Pakistan as fresh assistance in various development projects, particularly in the sectors of urban services, disaster risk reduction, and policy-based programs, in the next…
The Federal Board of Revenue (FBR) has estimated that approximately 25 percent of the companies in Pakistan are zombie firms involved in tax evasion due to persistently declaring losses.An FBR report on “Zombie Firms in Pakistan and Tax Revenue Drag” e…
The Asian Development Bank (ADB) is likely to approve a $600 million program for Pakistan in the first week of December to carry out social protection projects.This was revealed by Director-General Central and West Asia Department, ADB, Eugenue Zhukov,…
The Federal Board of Revenue (FBR) has collected Rs. 80.1 billion during 2020-21 from income tax demands raised against the taxpayers compared to Rs. 60.8 billion which was collected in the previous fiscal year, showing a handsome growth of 31 percent….
