On the orders of Prime Minister Shehbaz Sharif, 12 senior officers of the Federal Board of Revenue (FBR) were removed from their posts.
According to the sources, 12 officers of grade 21 and 22 were relieved from the posts and the services were handed over to the FBR admin pool, FBR issued a notification to remove the officers from the posts.
According to the notification, the services of Member Customs Accounting Mukram Jah Ansari, Member IR Policy Afaq Qureshi have also been transferred to Admin Pool, Member Customs Operations Dr Farid Iqbal Qureshi, Shah Bano Khan DGIOCO have been transferred to Member Admin Pool. .
Dr Farid Iqbal Qureshi Member Customs Operation, Tariq Mustafa Khan Accounting Member and Ahmed Rauf DG Law and Prosecution have been assigned to Admin Pool, Haider Ali Dharija Chief Commissioner Karachi has been sent to Member Admin Pool.
Prime Minister’s action, Chief Commissioner Inland Revenue Islamabad, concerned officers suspended, inquiry ordered
According to the notification, the services of Muhammad Azam Sheikh DG Internal Audit, Chief Collector Appraisal Karachi Muhammad Saleem, Chief Commissioner RTO Karachi to Abdul Waheed O’Kelly, Chief Commissioner RTO Islamabad Khurshid Marwat have also been entrusted to the member admin pool.
The Prime Minister took notice of the deliberate delay in tax cases
Taking notice of the deliberate delay in tax cases, Prime Minister Shehbaz Sharif suspended the Chief Commissioner Inland Revenue Islamabad and all his related officers and ordered an inquiry.**
Inflation began to fall on a weekly basis, a report was released by Editorial Statistics, a decrease of 1.10% was recorded in the rate of inflation in one week. After which the overall rate of inflation came to 26.94 percent.
Inflation started to come down from the highs, the rate decreased by one point and one zero in a week, while the overall rate reached 26 point and 94 percent.
According to the report, this week the price of potato has increased by 1 rupee 40 paise, dry milk 390 grams has increased by 10 rupees 39 paise, branded vegetable ghee has increased by 3.5 rupees per kg, dal mash has increased to 4 rupees per kg.
A reduction in the rate of inflation
How much inflation happened in the country during one week? The Bureau of Statistics released the report
According to the statistics agency, during one week sugar is 87 paise, jaggery is 1 rupee, 21 paise, dal, moong is 52 paise, goat meat is 9 rupees, 40 paise, beef is 3 rupees, 26 paise, the price of lentils has increased by 20 paise per kg.
Ex-depot prices of petrol and high-speed diesel are likely to decrease by Rs 8.3 paise per liter due to drop in oil prices in the global market.
The report of Business Recorder states that according to an estimate, in the review of the prices of petroleum products by the federal government for May 1 to 15, 2024, the price of petrol will be 4 rupees 88 paise per liter and the price of high speed diesel 7 rupees per liter. A reduction of Rs 37 paise per liter is expected.
The price of kerosene oil is likely to decrease by Rs 8.03 paise and the price of light diesel oil by Rs 5.37 paise per litre.
The Oil and Gas Regulatory Authority (OGRA) will submit its recommendations regarding the prices of petroleum products to the Finance Division on April 30, 2024.
In case of price reduction, the price of petrol will be Rs 289.06 per liter instead of Rs 293.94 and the new price of high speed diesel is expected to be reduced from Rs 290.38 per liter to Rs 283.01 per litre.
Federal Finance Minister Muhammad Aurangzeb has met the delegation of Pakistan America Business Council in Washington. While speaking to the American think tank Atlantic Council, the Finance Minister said that Pakistan has successfully completed the IMF programme, and there is hope that a new agreement will be signed soon.
In the meeting with the delegation of Pakistan America Business Council, discussions were held regarding the provision of favorable business environment and investment.
On this occasion, investment in IT, minerals and energy sectors was invited.
Finance Minister Muhammad Aurangzeb said in a conversation with the American think tank Atlantic Council that Pakistan has successfully completed the IMF program. There is a plan to discuss the loan extension program with the IMF, it is hoped that a new agreement will be reached soon.
He said that the overall GDP is growing in a positive direction, the growth in agriculture GDP is 5 percent, the services sector is on the way to improvement.