Tag: Collection

KARACHI - Officers of the Revenue Department who achieve the government-fixed targets would be rewarded and given incentives and those found negligent and involved in corruption would be punished, Sindh Chief Minister Qaim Ali Shah said on Monday. The chief minister was presiding over a high-level meeting at Chief Minister's House to review the progress on revenue collection and various taxes in the province. Directing the revenue and tax collection departments to pay full attention

KARACHI - According to the latest fiscal accounts of the first half of FY11, dividend collection stood at a mere Rs 17 billion which is only 26 percent of the full year target. Furthermore, the said figure is 34 percent down from Rs 26 billion recorded in 1HFY10, primarily on account of the reduced payout from the energy sector. Trapped in the dilemma posed by the capitalist conundrum, the government is in a tight spot seeking to restrict the fiscal deficit to the targeted level of

LAHORE - Federal Board of Revenue (FBR) has rolled up his sleeves to boost the thin taxbase. FBR is planning to gain complete access to the existing national and provincial databases to tap the tax potential. Meeting minutes of a recent broadening tax base (BTB) exercise show that FBR is seeking complete access to provincial land and properties records and vehicle registration and transfer transactions.
FBR is planning to establish retrievable access to existing databases,

Hollywood veteran Debbie Reynolds is selling off her impressive collection of historic movie costumes, so she can cutback on her workload and retire without any financial concerns.
The Singin' in the Rain star has been collecting classic outfits and memorabilia for decades and boasts one of the most coveted treasure troves on earth - and now she's set to sell it at an auction in June to build her retirement fund.
The actress, who currently tours America with a one-woman show

ISLAMABAD - The Public Accounts Committee on Wednesday observed that if the Federal Board of Revenue removed lacunae in the existing tax collection system, there would be no need to impose Reformed General Sales Tax. The PAC members made this observation when they found that a test check conducted by the auditor general of Pakistan had revealed that the FBR had failed to recover adjudged government dues worth Rs 9.4 billion.
Citing the audit report 2008-09 pertaining to the

KARACHI - Federal Board of Revenue (FBR) Chairman Salman Siddiq has stated that the FBR has achieved 49 percent of its target tax collection in the last six months with a shortfall of Rs seven billion being met. However, the country remains mired in a financial crisis with political instability and a stagnant economy with a gloomy foreign and domestic investment outlook.
He went on to say that government borrowing from state bank should be limited and indicated that there was a

LAHORE: Lahore Waste Management Company (LWMC)'s door-to-door waste collection plan, scheduled to be launched by the end of December in municipal limit, is nothing more than a pipedream, Pakistan Today has learnt.
Plans regarding door-to-door waste collection in the city were activated in 1999, 2000, 2001 and 2009 spearheaded by City District Government Lahore (CDGL) but all of them fell flat. "This time LWMC, powered by CDGL on the direction of Punjab Chief Minister Shahbaz

KARACHI: The formation of an administrative body for tax collection functions- the Sindh Revenue Board - has been delayed for a year. Simultaneously, the provincial government has delegated the federal government to collect general sales tax (GST) on six major service categories.
The levy will be collected under the auspices of the Federal Board of Revenue (FBR), Pakistan Today has learnt from reliable sources. After much wrangling, consensus was forged on the 7th National

KARACHI: A mucky mixture of blood and water fills the streets and the smell of raw meat permeates the air. People, including children, delightfully gather to witness the scenes which are enough to give long-lasting nightmares to a person. And if you are lucky, someone won't dump offal outside your home.
Yes the occasion was Eidul Azha and it was celebrated in a typical fashion this year. But buying sacrificial animals at the prices at which you can buy a car and then spending the