The Federal Boar d of Revenue (FBR) has decided that any amount contributed, granted or allocated by the federal government, FBR or FBR Foundation shall be transferred to the Central Inland Revenue Welfare Fund Board for providing personal loans to IR officers, subsidy/financial assistance to staff up to BS-16 retired from services and many other activities.
The FBR proposed Inland Revenue Welfare Fund Rules, 2016 here on Saturday. The Central Inland Revenue Welfare Fund may authorize and sanction expenditure for the following purposes after getting prior approval from the Central Inland Revenue Welfare Fund Board including personal loan; (b) renovations and repairs of Government residences; (c) purchase and repair of vehicles for pick and drop of staff; (d) hiring of officials for the Fund related work; expenses to hold a function and activity for common good of staff; subsidy and financial assistance to staff up to BS-16 retired from service; or any other project or activity involving common welfare of the staff.