Mashhud Aslam

ISLAMABAD: Pakistan has not received any additional financial benefit from the debt relief provided by the Group of 20 (G-20) nations, Planning Minister Asad Umar said on Monday, but admitted that in the given circumstances, it was the…

KARACHI: The Federal Board of Revenue (FBR) has notified for all field formations of Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) that no sanctioned or unsanctioned amount of cash reward/honoraria would disbursed by an…

KARACHI: The body of Director General Transit Trade Zahid Khokhar was dispatched via flight PK304 to Lahore for his final rites. A large number of Customs officers and officials were present at the airport to farewell the late officer.…

KARACHI: The incentive package for construction industry promulgated through a Presidential Ordinance has been incorporated in the Finance Bill, 2020. The President of Pakistan promulgated the Tax Laws (Amendment) Ordinance, 2020…

KARACHI: The Finance Bill 2020 proposes the right of Federal Board of Revenue (FBR) to access or integrate their systems with certain agencies and organizations, will override any restrictive provisions in the respective laws and…

KARACHI: The concept of an ‘agreed assessment’ is proposed to be introduced in the Income Tax Ordinance, 2001. Though not defined in the Ordinance, an agreed assessment represents a status agreed upon by the taxpayer and the department.…

KARACHI: Certain provisions are being introduced to define the concept of ‘tax profile’ and to prescribe penalties and other negative consequences for taxpayers who fail to file or update their tax profiles within the prescribed timelines.…