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The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
In 2001-2002, the authority started issuing 13-digit NIC numbers along with their new Biometric ID cards. The first 5 digits are based on the applicant's locality, the next 7 are random numbers, and the last digit is a check digit, an even number for females and odd number for males. The old manual NIC numbers are invalid as of 1 January 2004.
In 2021 the Federal Board of Revenue (FBR) has extended additional powers to the Directorate of Intelligence and Investigation (I&I) - Inland Revenue. This expansion involves broadening the functions, jurisdiction, and powers of the Director General of Intelligence and Investigation - Inland Revenue (DG I&I-IR) and the officers under its purview.
The FBR's budgetary target was set at Rs 9.200 trillion, 23% than last year's target. The fiscal deficit being estimated at Rs 6.923 trillion or 6.54% of the GDP. The Finance Minister said it added no new taxes , no increases in duties on import of essential items, exemptions of custom duties on certain agricultural goods, and increased ...
According to new Tax Laws (SRO-1006) all tier-1 retailers are required to integrate their POSs with FBR’s real time invoicing system in Pakistan. [10] It is also mandatory for all restaurants to integrate their POSs. These FBR Invoicing system and FBR Integrated POS systems [11] should be able to handle sales, returns and exchanges. Around ...
The National Intelligence Council (NIC), established in 1979 and reporting to the Director of National Intelligence, bridges the United States Intelligence Community (IC) with policy makers in the United States. The NIC produces the "Global Trends" report every four years beginning in 1997, for the incoming President of the United States.
The Federal Investigation Agency (Urdu: وفاقی تحقیقاتی ایجنسی; reporting name: FIA) is a border control, criminal investigation, counter-intelligence and security agency under the control of the Interior Secretary of Pakistan, tasked with investigative jurisdiction on undertaking operations against terrorism, espionage, federal crimes, smuggling as well as infringement and ...
The 2022–23 Federal Budget of Pakistan was presented on 10 June 2022 by Finance Minister Miftah Ismail, with Rs 9.5 trillion budgeted for expenditure in financial year 2022–2023, which was nearly a trillion higher than the previous financial year.