Page 27 - Trace System News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PM laments ‘sabotage’ of tax tracing system Top Story March 17, 2021 ISLAMABAD: Prime Minister Imran Khan on Tuesday lamented the “sabotage” of a planned tax tracing mechanism development by the Federal Board of Revenue (FBR) and described the automated system as “crucial” to check mass tax evasion. Chairing a meeting of the federal cabinet here, the Prime Minister asked law minister Farogh Naseem to work on getting a stay order vacated by the Sindh High Court and “convince the Sindh High Court that the non-imposition of the automated system would incur loss of billions to the...

King Salman sends message to Kuwaiti emir March 15, 2021 KUWAIT CITY — Custodian of the Two Holy Mosques King Salman has sent a written message to Kuwait's Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. The message highlighted solid fraternal relations between the two countries and people, issues of common interest and latest developments at regional and international arenas. The message was delivered by Prince Sultan bin Saad Bin Khalid, Saudi Arabia’s ambassador to Kuwait, during a meeting today at Al-Seif Palace here with Deputy Emir and C...

The Federal Board of Revenue (FBR) on Thursday made it mandatory for all manufacturers to affix tax stamps on all products from July 1. — APP/File ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday made it mandatory for all manufacturers to affix tax stamps or Unique Identification Marking (UIM) on all products effective from July 1, 2021. The order was notified through late-night Sales Tax General Orders (STGO). After awarding the licence for Track and Trace System to the successful bidder, the FBR has also issued four STGOs for tobacco, sugar, cement and fertiliser under the provis...

National March 12, 2021 ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued the Sales Tax General Order for four major tax evading sectors, including tobacco, sugar, cement and fertilizers for making necessary arrangements for installation and implementation of the Track and Trace System at their production facilities. The Sales Tax General Order (STGO) issued by the FBR on Thursday bound all units of four sectors of tobacco, sugar, cement and fertilizer for installing and implementing the Track and Trace System with effect from July 1, 2021. According to the STGO issued by the ...

National March 6, 2021 ISLAMABAD: Amid the Islamabad High Court issued notices to parties concerned on a writ petition filed by Reliance IT Solution against awarding contract, the FBR on Friday signed a contract with AJCL Consortium to place Track and Trace System for the major tax-evading sectors, including cigarettes, sugar, cement, fertilizer, and beverages. The Islamabad High Court issued notices to the parties concerned but did not grant a stay order to halt the process. Now the FBR on Friday signed a contract with the AJCL consortium by declaring that there was no conflict of interest ...