revenue

Privatisation of six SOEs to bring Rs150bn revenue for govt

Privatisation of six SOEs to bring Rs150bn revenue for govt

January 30, 2020

ISLAMABAD: Privatisation of as many as six State-Owned Enterprises (SOEs) is expected to fetch a sum of Rs150 billion for the government by June 30. This was announced by Federal Minister for Privatisation Muhammad Mian Soomro, who further revealed that the enterprises in question were none other than Sind Engineering,[...]
Compliance of building by-laws to help CDA raise Rs2.5bn

Compliance of building by-laws to help CDA raise Rs2.5bn

January 6, 2020

ISLAMABAD: Commercial areas located in the sectorial premises of Islamabad are slated to aid the Capital Development Authority (CDA) in generating about Rs2.5 billion through compliance of building by-laws. To that end, the Building Control Directorate-I conducted a comprehensive survey of the violations carried out by the commercial buildings in[...]
FBR top hierarchy opposes plans to overhaul tax system

FBR top hierarchy opposes plans to overhaul tax system

November 5, 2019

ISLAMABAD: The proposed formation of Pakistan Revenue Authority (PRA) has met with resistance from top quarters of the Federal Board of Revenue (FBR). Prime Minister Imran Khan has given until June 2020 to set up the PRA, with FBR Chairman Shabbar Zaidi envisioning a major overhaul in the country’s tax[...]
NHA proceeding towards self-sufficiency: Murad Saeed

NHA proceeding towards self-sufficiency: Murad Saeed

October 25, 2019

ISLAMABAD: Minister for Communications Murad Saeed on Thursday said that National Highway Authority (NHA) would soon reach the target of increasing revenue up to Rs100 billion, moving towards self-sufficiency, as the authority’s revenue increased by a 52% during the fiscal year. After five years, the NHA would be able to[...]
FBR collected Rs.181 billion tax in July first 20 days

FBR collected Rs.181 billion tax in July first 20 days

July 22, 2019

Islamabad:      Federal Board of Revenue (FBR) has collected Rs.181 billion taxes during the month of July. It still has to collect the remaining Rs.129 billion taxes in the last ten days to meet the monthly target of Rs.310 billion. FBR is confident that the set target would be achieved. Due[...]