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1-10 results from 1000 for query «collection»

January 16, 2019 12:00 AM LTU Karachi collects Rs587bln in first half of 2018/19

KARACHI: The Large Taxpayers Unit (LTU) Karachi has collected Rs587 billion during the first half (July–December) of the current fiscal year, amid flat growth in sales tax collection, sources said on Tuesday. The unit – the biggest revenue collecting arm of the Federal Board of Revenue (FBR) – posted only two percent growth in the collection of Inland

January 15, 2019 12:00 AM Withholding tax collection rises 14 percent to Rs1.128 billion

KARACHI: The withholding tax collection from non-cash banking transactions has posted 14 percent growth; following introduction of an amendment through the Finance Supplementary Act, 2018. The collection of withholding tax from non-cash transactions, which is applicable only on non-filers of income tax returns, increased to Rs1.128 billion in December

January 11, 2019 12:00 AM Cleanliness drive receives cold response in capital

Islamabad: Though the federal capital has set an example of planting saplings under ‘Green and Clean Pakistan’ programme by actively participating in the drive but the authorities concerned have so far exhibited a lukewarm response to cleanliness in the capital. As a federal capital reflects the picture of entire country, its civic agency is still at it’s wits end to handle 1

January 6, 2019 12:00 AM Remuneration for withholding agents mulled

KARACHI: Government is mulling a remuneration system for withholding tax agents to encourage them to increase collection, as it faces a daunting challenge to achieve the revenue target of Rs4.435 trillion for the current fiscal year of 2018/19, sources said on Saturday. The sources in the finance ministry said the present government realises the ground 1

January 4, 2019 12:00 AM FBR estimates Rs24 billion in revenue from POL products

KARACHI: The Federal Board of Revenue (FBR) has estimated Rs24 billion in additional revenue from petroleum products during the second half of the current fiscal year of 2018/19 as a result of upward revision in sales tax rates. Sources in FBR on Thursday said tax authorities estimated around four billion rupees a month in additional revenue with the increase 1

December 28, 2018 12:00 AM NBP to observe extended hours

KARACHI: The branches of the National Bank of Pakistan (NBP) and field offices of the SBP Banking Services Corporation (SBP-BSC) will observe extended banking hours up to 8:00pm on December 31, 2018 (Monday) to facilitate tax collection, a circular said on Thursday. “The NBP branches will settle their transactions with respective SBP-BSC field offices 8

December 27, 2018 12:00 AM Modric wins Croatian sportsman of the year award

ZAGREB: Luka Modric added to his collection of awards after a successful 2018 when he was named Croatian sportsman of the year on Wednesday. Sandra Perkovic, five times European champion in discus, won the women’s award. The football squad, runners-up in the World Cup, were named Croatian team of the year after a vote by 322 journalists.Modric led his country 6

December 23, 2018 12:00 AM Single agency to collect sales tax on goods, services

KARACHI: The federal and provincial governments have given nod for the establishment of a single sales tax collection agency on goods and services, sources said on Saturday. An official at the Federal Board of Revenue (FBR) said the proposed agnecy will start operations in next three years. Currently, the federal government and all the four provincial 8

December 19, 2018 10:56 AM CPEC: Time-lapse video of bridge erection

China-Pakistan Economic Corridor is a framework of regional connectivity. Both the countries are jointly working on the project to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones. Ding Zhao Jie, a senior Chinese official 6

December 9, 2018 1:28 PM Pakistani expats contribute Rs1 billion for dams fund: SBP

ISLAMABAD: The overseas Pakistanis have so far contributed around Rs.1 billion to 'The Supreme Court of Pakistan and the Prime Minister of Pakistan Diamer-Bhasha and Mohmand Dams Fund', State Bank of Pakistan (SBP) data reveals. According to the SBP, as of December 06, around Rs 8.46 billion have so far been deposited by the local as well as expatriate 5