FBR

Summons interim ministers of law, finance to justify new legislation

Differences between FBR chairman, finance minister over restructuring tax machinery persist

SIFC asks taxmen to conduct audit of urea companies, dealers

Majority of revenue comes from cash withdrawals and electricity use

Short-term borrowing made to repay financing acquired in past

Sources say finance minister was warned twice of resentment among field offices

KSE-100 index rises 2,064 points, or 3.3% WoW, settles at 64,514.90

Workers contribute more than exporters at Rs158b, marking 38% increase

Announces special bonus for them for collecting taxes in excess during Oct to Dec period

Also approves fixed income tax scheme for retailers, slated to launch in five major cities across country