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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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Combating Terrorism: Twelve Terrorists Destroyed in Separate Operations by Security Forces

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Eleven terrorists and Kharijis were killed in two separate intelligence-based operations in Balochistan’s Miran Shah District and North Waziristan. One of the victims was Sana Alias Baru, a high-value target.

In the vicinity of Miran Shah in North Waziristan, security forces successfully fought the Khwarij, leading to the death of eight and injury of six.

The general region of Balgatar, Kech District, Balochistan was earlier the scene of an Intelligence-Based Operation that resulted in the deaths of four terrorists, one of them was a high-value target.

Authorities in Kech District were actively seeking Baru, who had a pivotal role in recruiting members of the so-called Majeed Brigade, particularly suicide bombers.

Among the terrorists’ possessions were weapons and ammo.

In order to eradicate any lingering terrorists in the vicinity, a sanitation operation is currently under progress.

With unwavering resolve, the Pakistani security forces will eradicate the terrorist threat from the nation.

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Constitutional Bench Gets to Work: Petitions Dismissed, Fines Slapped on Frivolous Petitioners

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As of today, pending matters are being heard by the Supreme Court’s Constitutional Bench, which was established under the 26th Amendment to the Constitution.

On its first day of operation, the six-judge Constitutional Bench presided over by Justice Amin-ud-Din Khan dismissed several frivolous petitions, including one challenging legislation enacted by the PDM government, and fined the petitioner twenty thousand rupees for bringing the case.

Justices Jamal Khan Mandokhail, Muhammad Ali Mazhar, Syed Hasan Azhar Rizvi, Musarrat Hilali, and Naeem Akhtar Afghan make up the Constitutional Bench, along with Justice Amin.

The bench rejected the appeal challenging the decision of the Supreme Court to appoint Qazi Faez Isa, a former chief justice of Pakistan, to the position of chief justice of the Balochistan high court.

In addition to upholding the Registrar Office’s objections, the Constitutional Bench rejected a petition asking for a change to the general election date on 8 February.

It has become an infructuous affair, the bench said, regarding the review of the Supreme Court’s decision on the review of judgment and order.

Justice Amin Uddin told the Attorney General that the Supreme Court has acknowledged parliament’s involvement in legislation in response to his claim that the verdict has commented on parliament’s position as legislative.

The bench found the petitioner’s claims to be baseless and fined them 20,000 rupees, dismissing their request to outlaw marriages between government employees and foreign nationals.

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Ahsan says all available resources should be used to eradicate smog at the air pollution meeting.

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According to Ahsan Iqbal, the country’s minister of planning and development, a non-traditional approach is required to address the pollution problem, and every available resource would be used to eradicate this grave issue.

Children are disproportionately affected by pollution, the Planning Minister stated during a special meeting on smog and air pollution in Islamabad.

He claimed that cooperation between the federal government and the provinces is urgently needed to address the various problems that climate change has caused in Pakistan.

Smog is interfering with everyday activities, the Minister added, and it has grown to be a serious threat to our future.

Burning crop residue is the cause of smog, he claimed.

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