The attorney general’s office has written a letter to the Federal Board of Revenue (FBR) chairman over the poor performance of the tax body’s legal teams in courts. The letter pointed out “mishandling or mismanagement” of cases relating to revenue matters on part of the bureau’s counsels causing heavy revenue losses to the national exchequer. The letter from the AGP office regretted that whe
The international survey agency has blamed the Federal Board of Revenue (FBR) for overburdening the taxpaying sectors due to its failure to reform and broaden the tax base. “FBR does not conduct sector-based surveys and studies to assess the ground realities, and the fact is that there is a visible trust deficit between the FBR against the taxpayers as well as the potential taxpayers,” Abdul Sa
Amid lacklustre auto sales overall, the Korean assembler’s record Rs1.5 million price cut has worked, as the company earned billions in just a few days. Lucky Motor Corporation Ltd (LMCL) reduced the price of Kia Stonic to Rs4.767 million from Rs6.280m on April 29, thus waking up cash-rich investors and consumers to make windfalls even after paying “premium or on-money” up to Rs500,000 for inst
The international body representing telecom operators has expressed concerns over the Federal Board of Revenue’s (FBR) decision to block mobile SIMs of individuals not appearing on the active taxpayers’ list for 2023. GSMA Asia Pacific Head Julian Gorman has written a letter to Minister of State for IT and Telecommunication Shaza Fatima Khawaja expressing concerns over the Income Tax General Or
While hearing K-Electric’s request for up to Rs18.6 per unit additional fuel cost recovery from its consumers for the past nine months, the National Electric Power Regulatory Authority (Nepra) on Thursday directed the Karachi-based power utility to ensure that the Matric and intermediate students do not suffer because of power outages. During a public hearing presided over by Nepra’s Sindh memb