Steps being taken to check smuggling, under-invoicing: FBR Chairman

News Image

By MG News | July 08, 2019 at 03:06 PM GMT+05:00

0:00

July 8, 2019: Chairman Federal Board of Revenue Shabbar Zaidi has said the government is seriously considering steps to check smuggling, under-invoicing and abuse of Afghan transit trade agreement.

Addressing a ceremony in Faisalabad on Monday, he said these steps are important to help the local industry stand on its own feet.

He said we have to go towards industrialization to generate job opportunities for the people.

The Chairman FBR clarified that no new tax has been imposed in the new federal budget. He said sales tax registration has been automated.

Shabbar Zaidi said that tax returns for the year 2018-19 can be filed by 2nd of next month.

He said the government's assets declaration scheme received an encouraging response from across the country

Related News

Name Price/Vol %Chg/NChg
KSE100 133,189.78
75.01M
-0.14%
-180.36
ALLSHR 83,021.24
265.59M
-0.07%
-59.92
KSE30 40,590.31
25.57M
-0.28%
-114.99
KMI30 192,177.68
32.26M
-0.21%
-402.99
KMIALLSHR 55,841.67
153.85M
0.01%
5.95
BKTi 36,157.98
4.12M
-0.44%
-159.19
OGTi 28,492.04
2.20M
-0.18%
-50.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,380.00 108,880.00
107,680.00
-75.00
-0.07%
BRENT CRUDE 69.26 69.50
69.03
-0.32
-0.46%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.57 67.97
67.40
-0.36
-0.53%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 09:41 AM GMT+05:00

DFML assembles over 300 EVs for delivery


July 08, 2025 at 09:31 AM GMT+05:00

NBP issues foreign exchange rates


July 08, 2025 at 09:25 AM GMT+05:00

Asia markets waver amid Trump’s new tariff threats



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg