FBR Unblocks SIMs for Over 100,000 Taxpayers

FBR has restored mobile SIMs for over 103,000 individuals who have fulfilled their tax obligations. This development comes as part of the tax authority’s ongoing efforts to expand the tax net and improve revenue collection.

Earlier this year, FBR had initiated a controversial measure to block SIMs of individuals who had not filed their income tax returns. The decision was met with resistance from telecom operators, who expressed concerns about the feasibility and impact of the measure. However, after several rounds of discussions, a joint working group comprising representatives from FBR and telecom industry was established to streamline the process.

FBR had initially identified a list of 506,671 non-filers whose SIMs were to be blocked. The gradual implementation of the SIM blocking measure, carried out in phases, aimed to minimize disruptions to the public.

While FBR’s actions have drawn mixed reactions, the tax authority maintains that the measure is crucial for ensuring fair taxation and improving government revenue. By linking SIM card ownership to tax compliance, FBR aims to deter tax evasion and encourage a larger segment of the population to contribute to the national exchequer.

Hot this week

Prime Minister Shehbaz Sharif Directs Fast Track Operationalization of International Standard Virtual Asset Regulations

PM Shehbaz Sharif meets PVARA Chairman Bilal Bin Saqib to expedite Pakistan virtual asset framework and launch AI powered digital economy initiatives.

IBM and MIT Launch Computing Research Lab to Advance AI and Quantum Hybrid Systems

IBM and MIT expand their partnership with the new MIT-IBM Computing Research Lab focusing on the convergence of artificial intelligence and quantum computing.

Pakistan Passport Offices Transition to Mandatory Cashless Payment System

Interior Minister Mohsin Naqvi mandates a 15-day deadline for all passport offices to adopt cashless payments to eliminate agent interference and improve transparency.

Cross-Border Payment Gaps Drain 1.6 Billion Dollars from Pakistan E-Commerce Yearly

A new Payoneer report reveals that Pakistan’s e-commerce sector loses $1.61 billion annually due to checkout inefficiencies and cross-border payment friction.

EFU Life Insurance Achieves 100 Percent Success in BCP Validation and ISO 27001 Alignment

EFU Life Insurance completes a comprehensive Business Continuity Plan validation exercise with a 100 percent success rate ensuring operational resilience and ISO 27001 compliance.

Topics

Prime Minister Shehbaz Sharif Directs Fast Track Operationalization of International Standard Virtual Asset Regulations

PM Shehbaz Sharif meets PVARA Chairman Bilal Bin Saqib to expedite Pakistan virtual asset framework and launch AI powered digital economy initiatives.

IBM and MIT Launch Computing Research Lab to Advance AI and Quantum Hybrid Systems

IBM and MIT expand their partnership with the new MIT-IBM Computing Research Lab focusing on the convergence of artificial intelligence and quantum computing.

Pakistan Passport Offices Transition to Mandatory Cashless Payment System

Interior Minister Mohsin Naqvi mandates a 15-day deadline for all passport offices to adopt cashless payments to eliminate agent interference and improve transparency.

Cross-Border Payment Gaps Drain 1.6 Billion Dollars from Pakistan E-Commerce Yearly

A new Payoneer report reveals that Pakistan’s e-commerce sector loses $1.61 billion annually due to checkout inefficiencies and cross-border payment friction.

EFU Life Insurance Achieves 100 Percent Success in BCP Validation and ISO 27001 Alignment

EFU Life Insurance completes a comprehensive Business Continuity Plan validation exercise with a 100 percent success rate ensuring operational resilience and ISO 27001 compliance.

1LINK Hosts Strategic Engagement Sessions with Member Banks to Streamline 1GO Raast Digital Payment Operations

1LINK (Pvt) Limited conducts industry engagement sessions with partner banks to align on operating guidelines for 1GO Raast P2M, POS, and eCommerce digital payment solutions.

OKX Launches Agent Payments Protocol to Power Full AI Business Cycles Across Global Blockchains

OKX introduces the Agent Payments Protocol (APP), an open standard enabling AI agents to handle autonomous commerce, negotiations, and escrow across multiple blockchains.

Meta Reenters Crypto Space with USDC Stablecoin Payouts for Creators via Solana and Polygon

Meta launches digital currency payouts for creators in Colombia and the Philippines using USDC on Solana and Polygon blockchains following new regulatory frameworks.
spot_img

Related Articles

Popular Categories

spot_imgspot_img