Bank Branches Should Accept Taxpayers’ Cheques of Different Banks: SBP

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State Bank of Pakistan (SBP) has directed banks to entertain taxpayers if they deposit the cheque of different banks to facilitate them with the convenient payment option available in the banking system. The banking regulator reiterated that banks shall ensure that all their branches are accepting the taxes and duties through the ADC mechanism and that …

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Taxpayers’ Encouraged to Get Legal Cases Resolved through ADRC

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The Federal Board of Revenue (FBR) is making all-out efforts by taking several steps to improve the disposal of tax litigation cases pending in different appellate forums through the Alternative Dispute Resolution Committee (ADRC).     These include the cases pending with Commissioners Inland Revenue (Appeals), Appellate Tribunal Inland Revenue, High Courts, and the Supreme Court …

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FBR Considering to Revise Annual Tax Collection Target

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The downward revision in the tax collection target of Rs. 4.963 trillion (2020-21) for the Federal Board of Revenue (FBR) is under consideration, highly-place officials told Propakistani. The issue of the downward revision in the revenue collection target of the FBR was discussed in detail during the last meeting of the International Monetary Fund (IMF) …

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Kamyab Jawan Youth Entrepreneurship Scheme (YES)

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Introduction Prime Minister’s ‘Kamyab Jawan – Youth Entrepreneurship Scheme’ (YES), for young entrepreneurs and existing SME businesses, is designed to provide subsidized financing for unleashing the entrepreneurial potential of youth and creating employment opportunities. Loan Amount Markup Security/Guarnatee Own Contribution/Equity Loan Period/Duration Loan Purpose Loan Amount Category 1: Upto Rs. 10 Lac Category 2: 10 …

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