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Pakistan’s economic indicators positive: minister


December 20th, 2011 - 12:43 pm ICT by IANS
Islamabad, Dec 20 (IANS) Pakistan's economic indicators were showing positive results and the government wants to improve the efficiency of state owned enterprises, says Finance Minister Abdul Hafeez Shaikh.Shaikh said ... Read more...

Posted in Business |

Pakistan vows to net 700,000 tax evaders


December 14th, 2011 - 12:34 pm ICT by IANS
Islamabad, Dec 14 (IANS) Pakistan will focus on 700,000 tax evaders who possess properties and frequently travel abroad but pay no tax, Finance Minister Abdul Hafeez Shaikh has said."We will ... Read more...

Posted in South Asia |

24 commodities dearer in Pakistan in Ramzan’s first week


August 7th, 2011 - 6:45 pm ICT by IANS
Islamabad, Aug 7 (IANS) The prices of 24 essential commodities have gone up across Pakistan in the first week of Ramzan, affecting the poor and middle-class people the most, a ... Read more...

Posted in World |

Pakistan collects one trillion rupees as taxes in nine months


April 2nd, 2011 - 5:18 pm ICT by ANI
Islamabad, April 2(ANI): Pakistan's Federal Board of Revenue (FBR) has collected over one trillion rupees in taxes in the first three quarters of the current fiscal year.The collection represents a 12.8 per ... Read more...

Posted in South Asia |

22 Pak custom officials suspended over involvement in NATO containers scam


February 27th, 2011 - 1:20 pm ICT by ANI
Islamabad, Feb 27(ANI): Pakistan's Federal Board of Revenue (FBR) has suspended 22 custom officials for their alleged involvement in the ISAF, NATO containers scam.The action against the officials has been initiated in ... Read more...

Posted in South Asia |

Pak politicians oppose scrutiny of asset declarations by auditors, revenue board


February 25th, 2011 - 5:51 pm ICT by ANI
Islamabad, Feb 25(ANI): Pakistan political parties have collectively opposed a proposal floated by the Election Commission to get parliamentarians' assets scrutinised by the Federal Board of Revenue (FBR) and the Auditor-General of ... Read more...

Posted in South Asia |

Now, IMF pressurises Pak Govt to ‘cut tax exemptions’ to meet revenue collection target


February 5th, 2011 - 5:17 pm ICT by ANI
Islamabad, Feb 5(ANI): Besides asking Pakistan to increase the power tariffs, the International Monetary Fund (IMF) has also asked the financial crisis-hit country to reduce the tax exemptions in order to overcome ... Read more...

Posted in South Asia |

166 booked in Pakistan for Rs.30bn tax evasion


December 24th, 2010 - 2:40 pm ICT by IANS
Islamabad, Dec 24 (IANS) Cases have been filed over the past year against 166 tax defaulters who collectively owe a staggering Rs.30 billion to the Pakistani exchequer, a minister said.Finance Minister Abdul ... Read more...

Posted in South Asia |

Pak Govt reshuffles economic team to gear up for new IMF-backed tax regime


December 21st, 2010 - 6:12 pm ICT by ANI
Islamabad, Dec 21 (ANI): The Pakistan government has pulled up its socks to fulfil the commitments it made to the International Monetary Fund (IMF), as it reshuffled its economic team to ... Read more...

Posted in South Asia |

Pakistan tax evaders owe Rs.100 bn to exchequer


October 20th, 2010 - 12:28 pm ICT by IANS
Islamabad, Oct 20 (IANS) Tax evaders in Pakistan owe a whopping Rs.100 billion to the national exchequer, officials said.The Federal Board of Revenue (FBR) is stuck in litigation in courts against thousands ... Read more...

Posted in South Asia |

Pakistan government investigating assets of cricketers (Roundup)


September 6th, 2010 - 10:56 pm ICT by IANS
London/Islamabad, Sep 6 (IANS) The Pakistan government announced Monday that it will investigate the assets of past and present cricketers in the wake of three players Salman Butt, Mohammed Asif and Mohammed ... Read more...

Posted in Sports |

Pakistan’s 2010-11 budget to levy fresh taxes of $1.6 bn: Report


May 28th, 2010 - 3:13 pm ICT by IANS
Islamabad, May 28 (IANS) Pakistan's budget for fiscal 2010 beginning July 1 will levy fresh taxes of Rs.138 billion to mop up Rs.1,650 billion through various levies, a media report Friday said. The ... Read more...

Posted in South Asia |

Pakistan watchdog urges transparency in government institutions


January 19th, 2010 - 8:05 pm ICT by IANS
Islamabad, Jan 19 (IANS) A Pakistan economy watchdog Tuesday urged enhanced transparency in government organisations to ensure efficiency and prosperity. The legality of the process through which a government department can own a ... Read more...

Posted in South Asia |

Pakistan’s 2009-10 budget summary sent to PM for approval


May 20th, 2009 - 7:37 pm ICT by IANS
Islamabad, May 20 (IANS) A summary of Pakistan's budget for fiscal 2009-10 has been sent for approval to Prime Minister Yousuf Raza Gilani ahead of its expected presentation in parliament June ... Read more...

Posted in Business |

Import of n-technology necessary for India’s energy security


July 20th, 2008 - 3:35 pm ICT by IANS
New Delhi, July 19 (IANS) If India did not import nuclear technology or fuel - that the US nuclear deal is expected to facilitate - then it could face an unmanageable deficit ... Read more...

Posted in Business |

IPI gas pipeline meeting in Tehran in end July


July 16th, 2008 - 1:55 pm ICT by ANI
Islamabad, July 16 (ANI): Iran, Pakistan and India are expected to have a tripartite meeting in Tehran on the 7.4 billion dollars Iran-Pakistan-India (IPI) gas pipeline project. According to a senior Pakistan ... Read more...

Posted in Sports |

First indigenous fast breeder reactor gets safety vessel


June 24th, 2008 - 8:23 pm ICT by IANS
Kalpakkam, June 24 (IANS) The safety vessel for India's first indigenously-built 500 MW fast breeder reactor (FBR) was Tuesday placed in the reactor's concrete vault at the Department of Atomic Energy's campus ... Read more...

Posted in Sci-Tech |

Pakistan to check trafficking in radioactive materials


June 21st, 2008 - 7:56 pm ICT by IANS
Xinhua Islamabad, June 21 (Xinhua) The Pakistan Nuclear Regulatory Authority (PNRA) and Federal Board of Revenue (FBR) Saturday signed an agreement to jointly tackle the illegal trafficking in radioactive material, officials said. The ... Read more...

Posted in Uncategorized |

Only three percent of Pak businesses, industry paid taxes in 2007


February 4th, 2008 - 2:08 pm ICT by admin
Islamabad, Feb.4 (ANI): The Federal Board of revenue in Pakistan has said in its latest report that only three percent of the countrys business outfits have paid taxes for fiscal 2007-08. The News ... Read more...

Posted in South Asia |

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