Tue, 21-Oct-2025

Banks to pay income tax on loan/deposit ratio basis

FBR Announces 15% Holding Tax On Profits Of National Savings Schemes

KARACHI: The Federal Board of Revenue (FBR) will collect income tax on the basis of advance-to-deposit ratio from banks on making investment in government securities, official sources said on Saturday. The sources in the revenue board said a relief had been provided to the banks in discharging liabilities on making profit from the investment made … Read more

Nausheen Javed Amjad appointed as new FBR Chief

Nausheen Javed Amjad

The Federal Cabinet on Monday approved the appointment of Nausheen Javed as the new Chief of Federal Board of Revenue. In the absence of the former FBR chief Shabbar Zaidi, the officer had taken charge as acting chair of the revenue body back in February. Ms Nausheen, who is from Inland Revenue Services, was performing … Read more

FBR Chief sends another request for leave for indefinite period

FBR Chief

Chairman Federal Board of Revenue FBR Chief Shabbar Zaidi has sent another request for leave for the indefinite period, Bol News reported Wednesday. Sources has revealed that FBR Chief  has sent another request for leave for the indefinite period. Shabbar Zaidi sent request for leave to the Adviser to Prime Minister on Financial Matters Abdul … Read more