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FBR decides to tax retailers of five big cities

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  • In first phase, retailers to be taxed in the four provincial capitals.
  • Tax to be imposed on businesspersons associated with any sector.
  • Tax collection authority has prepared a scheme for taxing retailers. 

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to impose a tax on retailers in five big cities of the country including Karachi, Islamabad, Lahore, Peshawar, and Quetta, Geo News reported, citing sources on Thursday.

The sources said Rs100 billion in revenue would be generated through imposing a tax on 3.5 million retailers in those cities and for that purpose, the board had prepared a scheme.

“In the first phase, retailers will be taxed in the four provincial capitals and the federal capital,” they said.

They said the taxation would be based on the size of the shop and the volume of its annual income and it would be collected every month.

The sources said the scheme was completely ready and they would launch it upon getting the green light from the government. 

At least 10% advance tax would be charged on retailers’ annual income, they said adding that under the scheme the tax would be imposed on businesspersons associated with any sector.

The News reported last month that after the International Monetary Fund’s (IMF) rejection of introducing any fixed scheme for retailers, the caretaker government had finalised the ‘Tax Asaan Application’ for collecting tax from small shopkeepers based on the valuation of each shop determined by the FBR.

Official sources had confirmed that the retailers’ scheme was almost finalised and now the caretaker government would grant permission to launch this scheme before the completion of its stipulated timeframe.

In the past, every scheme to bring millions of retailers into the tax net met with failure.

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FO admits that a boat capsized in Greece, killing four Pakistanis.

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The deaths of four Pakistanis in a boat capsizing event close to the southern Greek island of Goudos have been verified by the Foreign Office.

The incident happened on Sunday and at least five illegal immigrants drowned as a result. According to Greek Coast Guards, 39 people were rescued after the wooden boat overturned, but 40 more are still unaccounted for.

According to a Foreign Office spokeswoman, the four Pakistani nationals were among those killed in the catastrophe. In order to help the remaining Pakistanis and repatriate the corpses of the deceased, the Pakistani Embassy in Athens has been in close communication with Greek authorities, she said.

Additional information was given by Aamir Aftab Qureshi, Pakistan’s ambassador to Greece, during a press conference. According to him, there were 80 Pakistanis on board the doomed boat, and efforts are still being made to find the people who are still missing.

He added that the overcrowding on the boat was a factor in the capsizing. There are worries over the safety of the missing people because a sizable portion of them are children. He stated that five boats carrying Pakistani nationals were traveling illegally from Libya.

The public was also informed by Ambassador Qureshi that the government will pay for the return flight of the accident victims’ bodies.

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Every office will have a biometric system installed by Lesco.

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system in each office.

Details show that the LESCO had ordered the installation of biometric systems in all offices, including the divisions and the circle.

The installation of the biometric system at the headquarters resulted in an increase in attendance, as the LESCO CEO had stated.

The CEO of LESCO claimed that the biometric system has resolved the issues related to the fictitious overtime and off-days.

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Around 450 Pakistanis have successfully crossed into Lebanon from Syria, according to a briefing from the Foreign Office.

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Approximately 450 Pakistanis, including 250 Zaireen, have successfully crossed into Lebanon from Syria, according to the spokesperson for the Foreign Office, Mumtaz Zahra Baloch.

During her weekly briefing at the foreign office in Islamabad, she stated that Pakistan is pleased with the resolution passed by the United Nations General Assembly on the Gaza Strip, which calls for an immediate ceasefire.

In addition, she expressed her satisfaction with the elimination of limits placed on UNRWA’s ability to carry out relief activities in the Gaza Strip and the West Bank.

It was stated by her that Pakistan is demanding an immediate cessation of hostilities in Palestine, an end to the genocide that is taking place in Gaza, the protection of civilians and civilian infrastructure, unrestricted access to humanitarian aid for those who are in urgent need, full support for the United Nations Relief and Works Agency (UNRWA) and its mandated humanitarian activities, and medical assistance for those who are in urgent need.

Moreover, she stated that Pakistan emphasises the need for the international community to hold Israel accountable for the war crimes and crimes against humanity that it has committed in occupied lands.

The Israeli aggression against Syria, the illegitimate acquisition of Syrian territory, and the massive devastation of Syrian infrastructure as well as civilian and military sites are all topics that Pakistan is extremely worried about, according to the spokesperson for Pakistan.

According to her, this attack on Syria’s sovereignty and territorial integrity is a serious violation of international law to the highest degree. By expressing our support for Syria’s sovereignty and territorial integrity, we are also expressing our opposition to the Israeli government’s attempt to acquire territory through coercion.

The resolution 497 of the United Nations Security Council, which declares the annexation of the Golan Heights by Israel to be null and illegal and to have no international legal impact, was reaffirmed by her organisation.

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