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Tag Archives: FBR Chairman

Revised target for 4th quarter: Bajwa for steps to meet challenge

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ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa asked Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to take steps on war footing to achieve the revised revenue collection target of Rs775 billion for last quarter (April-June) of the current fiscal year. According to details, the issue of achieving revised revenue collection target of Rs2,345 ... Read More »

Boosting trade priority: Bajwa reiterates resolve to abolish SROs

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ISLAMABAD: Federal Board of Revenue (FBR) Tariq Bajwa has reiterated the resolve to do away with all concessionary Statutory Regulatory Orders (SROs) over the next three years to provide maximum relief to business community and boost trade in the country. Speaking during his visit to Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), the FBR boss said the government had ... Read More »

Tuesday March 11 – Monday March 17, 2014

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Fighting corruption within: FBR mulls setting up P&IMU over

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ISLAMABAD: With the aim to ferret out corruption and identify corrupt tax officials through integrity and performance evaluation, the Federal Board of Revenue (FBR) has decided to establish Performance and Integrity Management Unit (P&IMU) at its headquarters. FBR Chairman Tariq Bajwa took the decision in a meeting on the P&IMU held here. It has also been decided that the unit ... Read More »

Bajwa directs formation of a task force for broadening tax base

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ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has directed the constitution of a task force to propose a concrete policy along with enforcement measures to bring the retail sector into the tax net and to ensure that the retailers make their due contribution to revenue. FBR has issued a notification in this regard. Member Human Resource Management Yasmin Saud ... Read More »

PM to get briefing from FBR on revenue shortfall

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ISLAMABAD: A team of Federal Board of Revenue led by Chairman Tariq Bajwa will brief Prime Minister Nawaz Sharif on the tax policy measures taken to overcome revenue collection shortfall in 2013-14 and steps to check ongoing smuggling and evasion of customs duty. Sources said that FBR’s team of tax managers is actively preparing a presentation for the Prime Minister. ... Read More »

Tariq Bajwa holds meetings with high officials of Pak Customs

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KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has held a series of meetings with the senior officials of Pakistan Customs at Custom House in Karachi. Member Customs Nisar Muhammad Ali Khan was also present on the occasion. FBR chairman held meetings with the Chief Collectors Nasir Masroor Ahmad, Muhammad Yahya, Collector Preventive S M Tariq Huda, Collector MCC-Appraisement (East) ... Read More »

Dar urges FBR to keep up momentum to achieve target

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LAHORE: Federal Minister for Finance Ishaq Dar has stressed Federal Board of Revenue to continue with all the vigour and keep the momentum, so that the revenue collection target of February 2014 is also met. The finance minister said this while reviewing the progress of revenue collection and implementation of Prime Minister’s Tax Incentive Package. The Minister appreciated FBR’s initiative ... Read More »

FBR to set up a new customs dry port at Hub: Tariq Bajwa

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KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has announced that a new customs dry port will be set up at Hub in Lasbel district to facilitate industries operating in the area and the district and other parts of Balochistan. Bajwa disclosed this in a meeting with a delegation of Lasbela Chamber of Commerce and Industry. He also agreed that ... Read More »

Meeting of committee on SROs held

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ISLAMABAD: The meeting of the committee on concessionary regime of Statutory Regulatory Orders was held in Federal Board of Revenue headquarters. FBR Chairman Tariq Bajwa chaired the meeting. The meeting was attended by the Presidents of Chambers of Commerce throughout Pakistan along with the Commerce Secretary and Secretary of Ministry of Industries. The meeting was an introductory one and it ... Read More »

Desk audit of corporate sector: FBR chief wants process completion by 28th

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ISLAMABAD: With a view to boosting revenue collection from corporate sector, Federal Board of Revenue (FBR) Chairman Tariq Bajwa directed completion of desk audit of corporate sector by February 28. As per details, the FBR chairman, during his recent visit to large taxpayers unit (LTU) Karachi not only inspected the performance of the LTU but also took some decisions to ... Read More »

Growth in trade directly linked to Customs performance: Bajwa

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LAHORE: Pakistan Customs performance is linked to creation of a level playing field for business, trade and industry within the country. This was stated by Federal Board of Revenue Chairman Tariq Bajwa after the flag hoisting ceremony on International Customs Day at Customs House, Lahore. He said that absence of proper communication system badly affects overall performance of an organization. ... Read More »

Upgrade to border Customs stations inevitable: Bajwa

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LAHORE: Federal Board of Revenue (FBR) Chairman Tariq Bajwa declared that Pakistan was in direct competition for transit trade and not having hegemony, and under the Prime Minister’s vision to transforming Pakistan into a trade and transit hub, it was inevitable to upgrade Customs stations on borders for speedy and efficient clearance of transit goods. The FBR chairman stated this ... Read More »

FBR Chairman, Member Customs hold marathon session of meetings with customs officials

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KARACHI: Federal Board of Revenue Chairman Tariq Bajwa and Member Customs Nisar Muhammad have held a series of meetings with Customs officials at Custom House, it is learnt here. In the first meeting, FBR Chairman and Member Customs held meeting with the high officials of Pakistan Customs including Chief Collector-Appraisement (South) Nasir Masroor Ahmed, Collector MCC-Appraisement (East) Abdul Rashid Shaikh, ... Read More »

Bajwa seeks speedy recovery against fake ST refunds

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KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has directed officers of Inland Revenue Services (IRS) to make sure that the recovery of refunds released against fake invoices, official sources said. The directives have been issued at a meeting of chief commissioners of tax offices, which was chaired by Tariq Bajwa at Karachi. The recovery of refunds released on fake ... Read More »

Bajwa requested by US embassy to brief on revenue matters

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ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has been requested by the United States embassy to brief the embassy officials on the 2013-14 revenue collection position besides other development and revenue-related matters. US embassy has written a letter to FBR Chairman in this regard. According to the sources, the Economic Section of the Embassy of the United States of ... Read More »

FBR establishes project directorate for ITTMS

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ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has said that a project directorate on the Integrated Transit Trade Management System at FBR headquarters is established to provide a solo-point of contact for development partners, tax management and other stakeholders for smooth implementation of the project. He said this while addressing a conference on Integrated Transit Trade Management. He said ... Read More »

Dar lauds Bajwa’s efforts in launching new tax incentives scheme

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ISLAMABAD: Federal Finance Minister Ishaq Dar has lauded the efforts of Federal Board of Revenue Chairman Tariq Bajwa in formulating the tax incentive scheme and gave FBR a detailed plan for effective implementation of the scheme. Appreciating FBR, the Finance Minister said, “Positive public response is indicating the appropriateness and effectiveness of the incentives announced by Prime Minster Nawaz Sharif.” ... Read More »

Committee constituted to review SROs

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ISLAMABAD: Federal Board of Revenue (FBR) has told National Assembly that a committee, headed by FBR Chairman, has been formed to review SRO regime to identify tax concessions. In a written reply to the question of Rai Hasan Nawaz Khan, the Ministry of Finance told the House that a report is being prepared on tax expenditures for which expression of ... Read More »

2-day workshop on Internal Communication held in FBR headquarters

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ISLAMABAD: FBR’s Facilitation and Taxpayers Education (FATE) Wing, in collaboration with GIZ, arranged a 2-day workshop on ‘Internal Communication Strategy’ in for FBR Headquarters, Islamabad. The workshop was inaugurated by FBR Chairman Tariq Bajwa and was attended by senior officers of FBR Headquarters and field formations. In his opening remarks, the FBR chairman said that internal communication plays a crucial ... Read More »