New Delhi, April 18 (IANS) Pakistan has the biggest market of illicit cigarettes in the world, according to Simon Trussler, British American Tobacco (BAT) Group’s Head of International Trade and Fiscal Affair.He said that the share of illicit cigarettes in Pakistan has reached 55 per cent, reflecting Pakistan is a leading country where domestic taxes are evaded to such an extent, reports Business Recorder.The Federal Board of Revenue (FBR) fully understands the problem and trying to resolve the …
Latest Federal Board of Revenue (FBR) News & Updates
New Delhi, April 8 (IANS) The shortfall in the Pakistan government’s revenues has emerged as the Achilles’ heel of the IMF Programme.These revenues are the cornerstone of Pakistan’s IMF loan agreements, focusing on aggressive tax expansion to meet revenue targets and secure funds. To align with the IMF’s $7 billion Extended Fund Facility (EFF), the FBR is pushing for a revised target of over Rs 13 trillion, including tough tax hikes, revenue reforms in agriculture, property, and increased …
Islamabad, March 31 (IANS) Pakistan’s Federal Investigation Agency (FIA) offloaded two passengers from a plane at the Multan International Airport over their alleged attempt to use umrah visa for entering Europe, local media reported. A FIA spokesperson said that immigration staff took action at Multan airport during routine screening of outbound passengers. Two Pakistani nationals – Sikander Alam and Noor Islam – were heading to Saudi Arabia for performing Umrah. However, initial probe raised s…
Islamabad, Jan 30 (IANS) An incident involving two individuals trying to travel to France on forged credentials, uncovered by the Federal Investigation Agency (FIA) at Islamabad International Airport, exposes a nexus between immigration fraud, abuse of official authority in Pakistan, and the continuous challenge of illegal migration, a report has stated. “While it initially involved two individuals attempting to travel to France on forged credentials, the implications extend well beyond a routin…
New Delhi, Jan 25 (IANS) A recent hearing of the Senate Standing Committee on Interior has raised serious concerns about the poor state of cyber security in Pakistan, especially within key government institutions such as NADRA and the Federal Board of Revenue (FBR). Lawmakers were told that repeated cyber breaches in these organisations have led to the leakage of sensitive personal data of citizens, highlighting major failures in data protection, according to a Business Recorder report.Senator A…