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The Federal Board of Revenue (FBR) is the principal tax administration body in Pakistan. It is responsible for formulating, implementing, and enforcing tax laws. The FBR has faced criticism for its inefficiency and corruption, which has hindered tax collection efforts. The FBR operates under the Ministry of Finance and is tasked with:
Complaints that cannot be lodged include those that are subjudice before a court or tribunal or authority on the date of receipt of the complaint; relate to assessment of income, determination of liability of tax or duty, classification or valuation of goods, interpretation of law in respect of which legal remedies of appeal are available ...
The Directorate General of Intelligence and Investigation (DG I&I) (Urdu: نظامتِ عمومی برائے سراغرسانی و تفتیش) operates as a department under the Federal Board of Revenue (FBR) in Pakistan. While its core function is to serve as the intelligence wing of the FBR, it is actively engaged in the day-to-day ...
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
2019–2020: Khalilullah Sheikh [26] Pakistan International Airlines: 2020–2022: Iftikhar Taj [27] Crowe Global Hussain Chaudhury & Co. 2022-2023 Ashfaq Yousuf Tola [28] Tola Associates 2023-2024 Muhammad Ali Latif [29] Muniff Ziauddin & Co., Chartered Accountants 2024-2025 Farrukh Rehman [30] A.F. Ferguson & Co., Chartered Accountants
As FBR chairman he introduced the Asset Declaration Scheme, whose deadline was 3 July 2019. Advisor on Finance and Revenue Abdul Hafeez Shaikh said the scheme had led to a "whitening" of Rs 3 trillion assets and Rs 70 billion in revenue from 137,000 people. The amnesty scheme was supported by Imran Khan, who "made at least five dedicated ...
The founder members were a number of professional institutes mainly concerned with real property valuation. The Committee changed its name in 1994 to the International Valuation Standards Committee, and from the late 1990s started to include member organisations concerned with the valuation of assets other than real property.
Lahore was annexed to the British Raj in 1849 and became the capital of British Punjab. [27] Lahore was central to the independence movements of both India and Pakistan, with the city being the site of both the Declaration of Indian Independence and the resolution calling for the establishment of Pakistan.