Experts discuss SROs impact on economy
National
February 10, 2021
ISLAMABAD: The National Tariff Commission (NTC) is proposing the government to bring out 500 to 600 tariff lines from fifth schedule of Customs Act to normal schedule in the upcoming budget 2021-22 in order to remove distortions from the SRO based concessionary regime. The cost of exemptions and concession in last two fiscal years stood at Rs2.3 trillion. The World Bank’s economist proposed that there should be sunset clauses for providing any concession to any sector with the guarantee that it would not be extended.
It was crux of discussions among different experts in a webinar titled “the impact of SRO on Pakistan s economy organised by the Pakistan Institute of Development Economics (PIDE) here on Monday night.
President Dr Arif Alvi on Friday rejected a representation filed by the Federal Board of Revenue (FBR) against the order of the Federal Tax Ombudsman (FTO) in a case of bogus tax refund worth over Rs14 million made to a fake registered person (RP).
President tells off FBR for refunds on fake invoices
Business
January 30, 2021
ISLAMABAD: President of Pakistan Arif Alvi came hard on the Federal Board of Revenue (FBR) on Friday, reprimanding the apex tax authority for releasing funds on fake and bogus invoices.
President Alvi rejected a representation filed by the FBR against the order of Federal Tax Ombudsman (FTO) in a case of bogus tax refunds worth over Rs14 million made to a fake registered person (RP).
The president directed the FBR to recover the amount paid on the basis of fake/flying invoices, while upholding the decision of Federal Tax Ombudsman (FTO) following its suo-moto action against the irregularities committed by the FBR field formations in registering, processing, sanctioning, and issuing sales tax refunds to fake RPs during the period 2012/13.
Sukhera says terrorist organisations are still on the lookout to take revenge from petitioner
Punjab Police Inspector General Mushtaq Ahmed Sukhera chairing the regional police officers’ (RPOs) conference. PHOTO: EXPRESS
LAHORE:
Former inspector general of police (IGP) Mushtaq Ahmed Sukhera, currently serving as the Federal Tax Ombudsman, on Monday challenged a notification in the Lahore High Court (LHC) through which his security protocol was withdrawn.
The former IGP implored the court that he has an outstanding, unblemished service record with integrity and the highest degree of professionalism in public working and unparalleled service in the field of counter-terrorism. In early 2013, frequent incidents of terrorism severely impacted the security and law and order situation of Balochistan, which led to the police force becoming dysfunctional, particularly in Quetta.