FBR | Pakistan Press Foundation (PPF)

Pakistan Press Foundation

Axact funded its channel completely: FBR

Pakistan Press Foundation

ISLAMABAD: Senate Standing Committee on Information Technology and Telecom has been told that Axact has ‘destroyed the country’. It has sold over 200,000 fake degrees and the origin of infamy is New York. It has Rs5 million equity but is paying its anchors Rs8 million. Its chairman Shoaib Shaikh holds only one share worth Rs10. […]

General News , , ,


Evasion of tax: FBR teams collects data from Bol office

Pakistan Press Foundation

KARACHI: A team of Customs intelligence on Friday collected record from equipment and gadgets installed at the headquarters of Bol television, a sister concern of Axact, the IT company allegedly involved in a multi-million fake degree scam. The team faced protest by a large number of journalists associated with Bol and some journalist bodies, who […]

Freedom of Expression, General News , , , ,


Equipment at Bol TV ‘imported illegally’

Pakistan Press Foundation

Amid the controversy surrounding Axact’s multimillion-dollar fake degrees empire, questions are also arising about the financing and upkeep of its sister concern, the Bol Network. On Monday, the Federal Board of Revenue (FBR) sent a notice to Axact and Bol Group CEO Shoaib Shaikh to explain the illegal import of equipment and gadgets installed at […]

General News , , , ,


World Bank asks government to launch mass media campaign

Pakistan Press Foundation

The World Bank has strongly suggested to the government to design a mass media campaign to promote online registration of new entrepreneurs and investors with the Securities and Exchange Commission of Pakistan (SECP), Federal Board of Revenue (FBR) and Employees Old-age Benefits Institution (EOBI) under virtual One-Stop Shop (OSS). Sources told Business Recorder here on […]

General News, Information Technology , , , , , ,


PBC for cancelling CNICs, passports of undocumented persons

Pakistan Press Foundation

Pakistan Business Council (PBC) has proposed to the Federal Board of Revenue (FBR) to get cancelled Computerised National Identity Cards (CNICs) and passports of the undocumented persons, whom notices were issued and returned as ‘unknown’ to ensure compliance by potential taxpayers. Sources told Business Recorder on Saturday that the PBC, representing 45 largest private sector […]

Information Technology , , ,


Tax data and right to information

Pakistan Press Foundation

The Federal Board of Revenue (FBR), in compliance to commitment given by the Finance Minister to the Senate on January 7, 2014 that details of all parliamentarians would be made public by February 15, 2014, is still searching and collecting their data-even National Tax Numbers (NTNs) have not been issued to all of them till […]

Access to Information , , , , , ,


Impact of rising Dollar : Telecom imports drop by 32% in 5mth of FY14

Pakistan Press Foundation

KARACHI: Robust dollar value against the rupee remained the major suppressor for the telecom sector’s imports as the import of this sector declined by 32 percent to $514,046 in the first five months (July to November) of current fiscal year 2013-14 (FY14) as compared to $756,457 in the same period of FY13. According to the […]

Information Technology , , , , ,


Import of cellphones without IMEI number not to be allowed

Pakistan Press Foundation

ISLAMABAD: Pakistan Telecommunication Authority, (PTA), as part of its measures to curb misuse of SIMs, has disallowed those cellphones or smartphones which are being imported without any International Mobile Equipment Identity (IMEI) or with fake IMEI number. A task force headed by Chairman PTA was formed by Supreme Court to look into matter of issuance […]

Information Technology , , , , ,


Former SECP Chairman condemns media ‘campaign’

Pakistan Press Foundation

Karachi: Former Chairman Securities and Exchange Commission of Pakistan, (SECP) Muhammad Ali, has strongly denied the contents of a report about his non filing of wealth tax and non-disclosure of any investment. These reports seem to be a continuation of a planned media campaign against him by a media group because during his tenure, the […]

Media Ethics , , , , ,


The new Drama Tax, Film, TV Tax

Pakistan Press Foundation

By: Mehtab Haider ISLAMABAD: The government has proposed taxes on foreign produced films, foreign TV dramas, cable TV operators and satellite TV stations in the budget 2013-14. According to Finance Bill 2013, on foreign produced films the FBR imposed tax at rate of Rs1,000,000, foreign produced TV dramas Rs100,000 on per episode and foreign produced […]

Broadcasting, Media and Society, Television , , , , , , , , ,