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Tag Archives: Tariq Bajwa

FBR Chairman Bajwa impressed by Turkish tax system

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ISLAMABAD: Being overwhelmingly impressed by the Turkish Tax System, Federal Board of Revenue (FBR) Chairman Tariq Bajwa will brief Finance Minister Ishaq Dar on his recent visit to Turkey. “In the upcoming board and council meeting, members of the delegation will inform the finance minister and other officials concerned about their experiences and what they had learnt during their visit ... Read More »

Tariq Bajwa vows indiscriminate action in Ayyan’s money smuggling case

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LAHORE: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has said that all accused in supermodel Ayyan’s money smuggling case will be brought to book without any discrimination. Talking to the media after attending the pre-budget seminar arranged by the Lahore Tax Bar Association, he said that investigation was underway in the model’s case and vowed that everyone found involved ... Read More »

Bajwa to lead six-member delegation on five day visit to Turkey

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ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa will lead a six member delegation on five day official visit to Turkey today (Saturday) to share experiences and proposals regarding taxation with Turkish experts. The delegation will remain in Turkey till March 26 and will interact with Turkish tax authorities. Revenue Administration is a public institution of Turkish Republic operating ... Read More »

FBR starts preparations for budgetary proposals of upcoming budget 2015-16

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Islamabad: The Federal Board of Revenue (FBR) has geared up process for the finalisation of budgetary proposals for upcoming budget of fiscal year 2015-16 as the Customs and Inland Revenue wings have started collection of data and compilation reports in this regard. The main thrust of the FBR will be on elimination of tax exemptions, a source at the FBR ... Read More »

FBR collects Rs87 billion in first 15 days of 2015

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ISLAMABAD: Federal Board of Revenue has collected 87 Billion Rupees in the first 15 days of the year which is a record increase. The collection has increased by 13 percent from last year. FBR Chairman Tariq Bajwa said that FBR is working as a team and putting efforts to detect tax evasion at all levels. He further said that if ... Read More »

FBR chairman Bajwa takes notice of shortfall in tax collection

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KARACHI: The Federal Board of Revenue (FBR) has taken notice of short fall in tax collection and a stern action is expected against the responsible. FBR Chairman Tariq Bajwa has castigated the RTO’s and chief commissioners for short fall in revenue. The chairman reviewed the tax collections and directed eight officials concerned to collect maximum revenue during a video conference ... Read More »

Bajwa asks Salman Abbasi to prepare report on less WHT collection on vehicles

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ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has assigned a task to Member Accounting Ali Salman Abbasi to prepare an analytical report into the lesser revenue collection out of withholding tax from vehicles despite changes in rules. The FBR collected an approximate amount of Rs 4 billion tax from this sector last year. “Abbasi has been directed to ... Read More »

Gold smuggling case: Customs to ascertain validity of E-Forms in Rs300b revenue loss

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KARACHI: Widening the ambit of probe in gold smuggling case, the Directorate General of Internal Audit-Customs has decided to send notices to private banks to confirm the number of fake E-forms issued, it is learnt here. Sources informed Customs Today that the authorities concerned have started to scrutinise not only the export data of gold, but also started to check ... Read More »

DG Internal Audit (Customs) Rubina to meet FBR chief today

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KARACHI: The Director General of Internal Audit (Customs) Rubina Wasti is set to visit Federal Board of Revenue (FBR) Headquarters, Islamabad, today (Wednesday) and will meet FBR Chairman Tariq Bajwa, it was learnt here on Tuesday. The sources informed Customs Today Rubina Wasti will give a detail briefing to Tariq Bajwa over the working of the Directorate on sensitive cases ... Read More »

FBR up in arms to curb contrabands

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According to a report appearing in Customs Today, the United States has provided state of the art equipment to the Federal Board of Revenue to stop the smuggling of explosive material into the country.US Ambassador Richard Olson has handed over 10,000 chemical testing kits, 80 vehicles and five first defenders night vision glasses to FBR chairman Tariq Bajwa. The equipment ... Read More »

Pay refunds to traders, TDAP chief Muneer to FBR’s Bajwa

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ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) has asked the Federal Board of Revenue (FBR) to pay the sales tax refunds and customs rebate funds to traders timely. TDAP Chairman S.M Muneer said that he has highlighted the real time demands of traders in a meeting with FBR Chairman Tariq Bajwa and urged him to take measure to facilitate ... Read More »

FBR autonomy remains distant dream

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ISLAMABAD: The FBR has failed to achieve desired results due to unending political inference. Almost all governments be it current or the past had never been willing to grant administrative autonomy to FBR since they fear that FBR action against tax dodgers may cost them politically and economically. There are hundreds of factories, mills and restaurants which are collecting GST ... Read More »

KTBA writes to FBR about 34% tax rate for companies in e-filing portal

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KARACHI: The Karachi Tax Bar Association (KTBA) has written a letter to FBR Chairman Tariq Bajwa regarding 34 percent tax rate for companies in e-filing portal. According to law, banks are supposed to pay 35 percent tax. Karachi Tax Bar Association President Waseem Hashmi has requested the FBR chairman to resolve the issue as soon as possible. The Karachi Tax ... Read More »

Bajwa to return on Sunday after talks with IMF

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ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa is likely to return Pakistan on October 9 (Sunday) after attending talks with International Monetary Fund (IMF) on broadening of tax net and its recovery. Read More »

IMF likely to give new targets to FBR

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Chairman FBR Tariq Bajwa and Member Customs Nisar Muhammad Khan are holding meetings with IMF in Dubai Talks between FBR and IMF will continue until November 7      ISLAMABAD: The International Monetary Fund (IMF) is likely to give new targets to the Federal Board of Revenue (FBR) on improvement of performance in revenue collections and administration for continuation of ... Read More »

Recruitment process in FBR after Muharram

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ISLAMABAD: Recruitments in the Federal Board of Revenue from grade 1 to 15 will be made directly while recruitments from grade 16 to above will be made through the Federal Public Service Commission. The final approval for new hiring would be given by FBR Chairman Tariq Bajwa who holds portfolio of Secretary Revenue Division. The sources in FBR said that ... Read More »

Economy Watch against Indian wheat supply to Afghanistan via Pak routes

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KARACHI: Pakistan Economy Watch (PEW) maintained the other day that India should not be given transit facility to transport its wheat to Afghan market as it is against our national interests. Dr Murtaza Mughal of PEW said Indian wish, if realised, could have devastating impact on agriculture, agro-based industry and society of the country. The government should not allow India ... Read More »

FBR chief lauds Lutfullah for action against smugglers

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ISLAMABAD: Federal Board of Revenue (FBR) Director General Customs Intelligence and Investigation Lutfullah Virk has met FBR Chairman Tariq Bajwa to discuss performance and problems of the directorate. The FBR chairman lauded the director general for his stern actions against smugglers. Meanwhile, The FBR chairman has also met prime minister’s personal secretary Muhammad Arshad Olakh. He also heard the personal ... Read More »

Customs Intelligence impounds above Rs 130 million illegal goods

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LAHORE: Directorate of Customs Intelligence and Investigation (I&I) Lahore Thursday seized above Rs 130 million non-customs paid and illegal steel sheet, perfume cosmetics, cloth and other items in different raids. In the first raid, I&I anti-smuggling team conducted raid at a godown Hashaim Khayal at  Misri Shah. Sources said that the team raided in night and confiscated 690 tons of ... Read More »

FBR experiencing Rs500-600b revenue leakages per year

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KARACHI: The Federal Board of Revenue (FBR) is facing a colossal loss of Rs 500 billion to Rs 600 billion every fiscal year due to revenue leakages, Customs Today learnt on Wednesday. Sources said that the FBR was facing revenue loss of Rs 500billion to Rs 600 billion which was tantamount to an annual budget of any province, particularly Sindh ... Read More »