The Federal Board of Revenue (FBR) is set to use geo-tagging technology to conduct surveys in three major cities. The initiative aims to identify retailers and wholesalers and connect them to Point of Sale (POS) systems. These surveys will focus on businesses in Karachi, Lahore, and Islamabad. The goal is to improve tax compliance and […]
Federal Board of Revenue
Senate Comittee approves development program 2019-20
Senate Standing Committee on Finance, Revenue, and Economic Affairs Tuesday approved the Public Sector Development Program (PSDP) 2019-20 proposals of the Finance and Revenue for their various development projects. The committee held its meeting at Parliament House under the Chairmanship of Senator Farooq H Naik. Earlier the committee expressed its displeasure over the non-presence of […]
Govt sees light at the end of the tunnel
Finance Minister Asad Umar Wednesday admitted that the country’s economy is in a bad shape but assured that there will be light at the end of the tunnel. “There are two reasons why were are in this mess: we have a budget deficit, and secondly, our external deficit. To resolve this, you either need to […]
FBR extends returns filing date to 30th April
The Federal Board of Revenue has extended the date of filing of Income Tax Returns/Statements for the Tax Year 2018 till 30th April, 2019. The date of filing of returns for companies, individuals and association of persons is also extended to 30thApril, 2019. The FBR took this decision in view of numerous representations by various […]