Dirty politics causes dispute at Federal Board of Revenue on January 19, 2017ISLAMABAD: The federal government has given additional charge of the post of FBR Chairman to Member Operations Inland Revenue Dr. Muhammad Irshad, a BPS 22 officer of the Inland Revenue Service. According to a communiqué issued by the Ministry of Finance which said that upon the superannuation of the Federal Board of Revenue Chairman Nisar […]
Pakistan, Thailand agree to hold talks on FTA on January 19, 2017ISLAMABAD: The deadlock on the free trade agreement (FTA) between Pakistan and Thailand is likely to end soon as both sides have agreed to start the dialogue process with a new spirit. Sources said that a latest round of negotiations between the two countries was held in Islamabad on Wednesday where both sides agreed to […]
Pakistans 6th Census to cost Rs 14.5 billion on January 17, 2017ISLAMABAD: Pakistan Bureau of Statistics (PBS) has decided to print 11.7 million new forms for the 6th census of the country from Pakistan Securities Printing Cooperation. The sources confirmed that owing to a shortage of forms for the upcoming census, PBS has requested PSPC to print new forms for the census which is scheduled to […]
FBR DG writes to chairman on recovery of sales tax from company on January 16, 2017ISLAMABAD: The Director General of Intelligence and Investigation(I&I) of FBR has written a letter to chairman Nisar Muhammad to get his permission for the expeditious recovery of sales tax worth Rs 2.18 billion from a company, MS Distributors. Documents available with Daily Times stated that taking cognizance of the issues raised in the investigation report […]
PM likely to announce trade enhancement package today on January 10, 2017ISLAMABAD: Prime Minister Nawaz Sharif is expected to announce the ‘PM Trade enhancement initiative’ package worth Rs 155 billion today (Tuesday). Daily Times has learnt that the premier will announce the package for textile and others sectors – ranging from Rs 47 billion to Rs 155 billion – during a meeting with exporters scheduled at […]
Mehmood and Ranjha hot favourites for Finance Secretarys slot on January 8, 2017ISLAMABAD: DMG officers Shahid Mehmood and Azmat Ranjha are hot favourites for the slot of Finance Secretary, Daily Times has learnt. Rehmatullah Wazir and Khawaja Tanveer are in the line for the slot of the Federal Board of Revenue (FBR) chairman. Sources said the government is considering appointing Grade-21 officer Shahid Mehmood as the Finance […]
Senate body shows concern over Rs 1.50bn scam on January 6, 2017ISLAMABAD: The Senate’s Standing Committee on Finance on Thursday expressed concern over Rs 1.50 billion scam. During a meeting under Senator Saleem Mandviwala, National Bank of Pakistan (NBP) President Iqbal Ashraf categorically denied the scam. Briefing the committee, he said the amount was transferred on the permission of Abandon Property Organization (APO) in Habib Bank […]
Health and education not govts cup of tea on December 25, 2016ISLAMABAD: The Pakistan Muslim League-Nawaz government is spending funds on highways, energy and railway as compared to health, education and food security projects. The government has released Rs 279 billion for developmental projects in the first six months of the fiscal year under the Public Sector Development Programme (PSDP) 2016-17 against the total budget allocation […]
FBR confiscates huge amount of illegal tobacco on December 17, 2016 ISLAMABAD: Federal Board of Revenue Intelligence and Investigation Inland Revenue (IR) confiscated illegal tobacco and other materials in a blatant move against illegal cigarette making unit in Buner. Documents available with Daily Times revealed that Directorate of Intelligence and Investigation FBR conducted a raid on unregistered cigarette manufacturing unit in Buner that is run […]
Prime minister yet to approve civil, governance reforms on December 7, 2016ISLAMABAD: Prime Minister Nawaz Sharif has not taken time out to approve the civil services and governance reforms prepared by Ministry of Planning, Development and Reforms’. Daily Times has learnt that the Ministry of Planning, Development and Reform forwarded the summary of civil services and good governance reforms several months ago to the prime minister […]