Sunday , December 5 2021
Breaking News
Home / Tag Archives: FTO (page 2)

Tag Archives: FTO

Dollar up 30 paisa in inter-bank due to increased demand

KARACHI: The Pakistani rupee weakened in inter-bank and strengthens in open market against US dollar on Tuesday. As per details, US dollar strengthened 30 paisa to reach Rs 102.7 in inter-bank and weakened 5 paisa to reach Rs 102.85 from earlier Rs 102.9 in open market. On Monday, the US dollar strengthened against Pakistani rupee in inter-bank and open market ... Read More »

Rupee continues to lose value against US dollar

KARACHI: US dollar strengthened against Pakistani rupee in inter-bank and open market on the first trading day of trading on Monday. As per details, US dollar strengthened 40 paisa to reach 102.9 in open market and 20 paisa to reach 102.4 in inter-bank market against Pakistani rupee. On last Friday, the US dollar strengthened 35 paisa to reach 102.5 in ... Read More »

Weekly review: Rupee sheds 50 paisa against dollar

LAHORE: The US dollar strengthened 50 paisa and 25 paisa in inter-bank and open markets respectively during the weeklong trading from Monday to Friday, as the deadlock between the negotiators — representing the government and Pakistan Tehreek-e-Insaf (PTI) over the resignation of Prime Minister Nawaz Sharif — continued during weeklong talks. The US dollar strengthened 20 paisa against Pakistani rupee ... Read More »

Rupee continues to lose value, sheds 40 paisas

KARACHI: The US dollar strengthened against Pakistani rupee in inter-bank and open market on last day of trading on Friday. As per details, the US dollar strengthened 35 paisas to reach 102.5 in open market and 40 paisas to reach 102.2 in inter-bank market against Pakistani rupee. On Thursday, however, Pakistani rupee weakened 15 paisas to reach 102.15 in open ... Read More »

FBR raises large taxpayer unit’s target by 30pc

LAHORE: The Large Taxpayer Unit (LTU) of the Federal Board of Revenue (FBR) has been assigned 30 percent more revenue target for September this year than the last year’s collections of Rs 15.03 billion during the same period. Sources told Customs today that the FBR has assigned Rs 19.497 billion tax collection target to LTU for September this year, which ... Read More »

FBR to devolve powers to act against ‘black sheep’

ISLAMABAD: The Board in Council of the Federal Board of Revenue (FBR), on suggestion of Member Customs Nisar Muhammad Khan, has decided to give authority of institutional punitive measures to field formations, chief collectors and chief commissioners. After the said decision, heads of the field formations will be authorised to take action against corrupt officers on mismanagement and corruption. The ... Read More »

US dollar consolidates against Pak rupee

KARACHI: The US dollar strengthened against Pakistani rupee in inter-bank and open market on Thursday. As per details, Pakistani rupee weakened 15 paisas to reach 102.15 in open market and 10 paisas to reach 101.8 in inter-bank against US dollar. On Wednesday, the US dollar weakened 10 paisa in inter-bank and open market to reach 101.7 and 102, respectively against ... Read More »

Bajwa directs tax officers to recover Rs 70 billion from SM Foods

MULTAN: The Federal Board of Revenue Chairman Tariq Bajwa has directed the subordinates to present the comprehensive report on Rs 70 billion tax evasion by a famous businessman of Multan City. As per details, FBR chairman asked regional tax officers of Multan to recover Rs 70 billion rupees tax from a businessman evaded in last two years. The accused Saim ... Read More »

Import goods theft at Ports becoming severe: Muffasar Malik

KARACHI: Acting President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has expressed deep concern over rising incidents pertaining to theft of imported goods during examination and clearance from all ports of Karachi city, which causes severe losses to importers. In a statement issued, acting president urged Ports and Shipping Ministry and Chairmen of all ports ... Read More »

FBR officials arrest factory owner for evading Rs 280 million tax

LAHORE: Federal Board of Revenue Lahore Deputy Commissioner Inland Revenue Raza Ashfaq Sheikh has arrested a factory owner for allegedly evading Rs 280 million tax. As per details, the deputy commissioner raided a house in Shahdman, Lahore, and arrested Nasir Tariq Butt, owner of Munir Foundry situated on Shiekhpura Road. Butt had not been paying his tax dues since 2009. ... Read More »

Member Admin Shahid Jatoi takes action against corrupt officers

ISLAMABAD: Federal Board of Revenue (FBR) Member Admin Shahid Hussain Jatoi has learnt that most of his instructions regarding corrupt officers were being ignored by lower management staff. As per details, Jatoi has sought the records of personal hearings against corrupt officers, from his appointment to date, on reports of mismanagement in these cases. It is learnt that the Member ... Read More »

Rupee up against dollar in inter-bank, open market

KARACHI: The US dollar weakened 10 paisa in inter-bank and open market to reach 101.7 and 102, respectively against rupee. On Tuesday, however, US dollar strengthened 10 paisa in inter-bank market to reach 101.8 and weakened in open market by 15 paisa to reach 102.1 against Pakistani rupee. Financial Analysts were of the view that the market seemed to have ... Read More »

PRA seeks audited copy of accounts from taxpayers

LAHORE: The Punjab Revenue Authority (PRA) has asked the registered persons and businesses in corporate sector to submit a copy of annual audited accounts along with tax payments’ propriety certificate from auditors. The authority said that the main provisions relating to maintenance and production of records for the purpose of Punjab sales tax are available under sections 31 and 32 ... Read More »

2000 containers used to restrain Imran, Qadri marches

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Mian Tariq Misbah said that road blockade with containers may save the democracy but could subvert the economy. He said that delay in consignments has affected the business community, especially the small businessmen and industry. “If government has given the permission to the marches of Pakistan Tahreek-e-Insaf Chairman Imran khan ... Read More »

India to frame law to protect Pakistani investors

ISLAMABAD: The Ministry of Commerce, in a report, sent to the government stated that the Indian Parliament is planning legislation to provide financial and non-financial protection to those Pakistani investors who are interested to invest in India. “Therefore, Pakistani government must also take such an initiative to attract more investment from foreign investors and legislate to protect the foreign investors,” ... Read More »

FBR asked to implement employees union’s demands

LAHORE: The Federal Revenue Alliance Employees Union has asked the Federal Board of Revenue (FBR) to implement long delayed charter of demands of the union immediately, in a monthly meeting here the other day. Federal Revenue Alliance Employees Union President, Syed Naeem Abbas Shah preside the meeting at the FBR Lahore office. The general secretary of the union, Shahzad Butt told ... Read More »

FBR Chairman Bajwa chairs board-in-council meeting today

ISLAMABAD: The Federal Board of Revenue (FBR) has changed the time for board-in-council meeting to 2:30pm which was scheduled at 11am on Wednesday. As per details, FBR Chairman Tariq Bajwa will preside the meeting in which policy decisions about audit policy will be taken. FBR Member Inland Revenue Policy Shahid Asad, Member Inland Revenue Muhammad Ashraf Khan, Member Admin Shahid Hussain Jatoi, ... Read More »

ANF seizes tons of contrabands in Khyber Pakhtunkhwa

ISLAMABAD: The Regional Directorate Anti-narcotics Force (ANF) Khyber Pakhtunkhwa recovered smuggled drugs worth billions of rupees in August, which were several times more than the quantity of drugs recovered during July. According to the available data, the ANF seized 27.6kg heroin, 460kg hashish, 50,400kg sulfuric acid and 2.5kg amphetamine in August. Statistics revealed that ANF arrested 20 accused for their alleged involvement ... Read More »

FBR Member Ashraf Khan tells officers to achieve targets

ISLAMABAD: The Federal Board of Revenue has decided to transfer those field formation officers who will not show better performance till first quarter (October) of this fiscal year. As per details, FBR Member Inland Revenue Muhammad Ashraf Khan gave field formation officers two month respite to achieve their individual targets and warned them of transfer on showing inefficiency in their ... Read More »

Dollar weak in open market, strong at inter-bank

KARACHI: The US dollar strengthened 10 paisas in inter-bank market to reach 101.8 and weakened in open market by 15 paisas to reach 102.1 against Pakistani rupee on Tuesday. On Monday, however, dollar was sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisas against dollar on ... Read More »