T.F.O. & Co.,



News Others April 1, 2014

Proposal Under Consideration to Impose Tax on Agriculture Sector

Date: 31 March, 2014

Punjab Minister for Finance Mujtaba Shuja-ur-Rehman on Saturday said that taxes have been
levied only on affluent segments of society, while there is also a proposal under consideration to
impose tax on agriculture sector. While talking to various delegations of the PML-N workers in
Lahore, Mujtaba said that property tax, motor vehicle tax and tax on services are the major
sources of provincial income and government is taking solid steps to simplify the tax
collecting/paying system.
He added that present government has launched many public welfare oriented projects, so that to
uplift the socio-economic status of the masses. Mujtaba told the PML-N activists that an amount
of Rs 102 billion is being utilised on the provision of standardised health facilities, which is 10.9
percent of the total budget. He said huge amount of Rs 7.5billon is being spent on the provision
of free treatment and medicines to the poor and destitute in public sector hospitals of the
province. He further said government is spending Rs 244 billion on education sector which is 26
percent of the total budget.

News Others March 29, 2014

FBR Verifying Exemption Certificates

Date: March 29, 2014

The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates
used for clearance of imported consignments without payment of withholding tax during July 1,
2013 – January 2014. The FBR issued instructions to field formations here on Friday. The FBR
has launched verification of exemption certificates on national level based on discrepancies
detected in the certificates issued by RTO Faisalabad.