A meeting of the Executive Board of the National Accountability Bureau (NAB) on Thursday approved four references, five investigations and 12 inquiries, mostly against officials of the Sindh government. Reuters/File
ISLAMABAD: A meeting of the Executive Board of the National Accountability Bureau (NAB) on Thursday approved four references, five investigations and 12 inquiries, mostly against officials of the Sindh government.
The meeting, presided over by NAB chairman retired Justice Javed Iqbal, authorised filing of four references against former secretary land utilisation, Sindh, Ghulam Mustafa Phal and others on allegations of illegally allotting state land in Malir district causing a loss of Rs12 billion to the exchequer.
Mahir Ali
I WISH I did not have to write today’s column. Not because of its content but because of the circumstances.
The fact that thousands of people felt personally bereft when they learnt of I.A. Rehman’s demise on Monday testifies to the breadth and depth of his influence and reach. Pakistan has lost perhaps its brightest guiding light.
One could possibly embellish that thought with the notion that the nation must bear that loss amid one of its darkest hours. But perhaps IAR, as he was fondly referred to, would not agree with that conclusion. After all, he was already almost an adult at the birth of Pakistan, and witnessed all of its tribulations over the decades. And he had an incredible knack for putting matters in perspective.
FBR Names 988 Projects for Tax Amnesty propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Complications and irritants in the present tax systems need to be made addressed for capitalising on the available tax potential in the country. Complexities in the taxation systems keep on increasing with every budgetary exercise, possibly due to reduced consultations with stakeholders by the Federal Board of Revenue (FBR), said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former vice president MA Jabbar.
FPCCI holds webinar on tax regime
Business
March 16, 2021
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday held a webinar on the present tax regime in collaboration with Policy Research Institute of Market Economy (PRIME).
Economist Dr Ikramul Haq said he had designed a tax reform model that would bring paradigm shift in the taxation structure of Pakistan. Rate of tax should be flat, lower with broad tax base, he said, adding that taxpayers should not have to deal with multiple revenue and non-revenue agencies.
“Presently, all broad-based and buoyant sources of revenue are with the federal government, and contribution of provinces in total tax revenues (Rs4,748 billion) for the fiscal year 2019-20 (11.4 percent of GDP) was merely 8 percent. All provinces together generated taxes of Rs414 billion and non-tax revenues of only Rs102 billion,” he explained.