there is great concern in aspirants of IIR about their chance for interview.some says there will be another merit list and those who are in low merit list will be rejected...visre versa.

i have emailed to FPSC regarding rejection of candidtes and they replied me as under:


""This case is under the process of scrutiny of documents.
• Various Notices for Submission of Documents may be uploaded on the website to invite more candidates as some of the already selected candidates may not fulfill the required criteria .However, the candidature is not rejected only on the basis of publication of new list.
• The list of finally pre-selected candidates will be uploaded on the website only then it will be known who has been rejected.
• The candidates who are finally pre-selected will be contacted by postal letter for interview schedule.""""

@ All candidates

Please read Pakistan economic survey 2016-17. It contains wealth of information for you as candidate:

http://www.finance.gov.pk/survey_1617.html

A major point to be noted that these fiscal year 2017 are all provisional data.

It would be better that you read FY 17 data along side of finalised data of FY-16 at following link:
http://www.finance.gov.pk/survey_1516.html

1. Public Sector Development Program (PSDP)

The Public Sector Development Programme (PSDP) is the main instrument available to the government to provide budgetary resources for development projects and programmes, according to the PSDP itself.

The entire public sector investment encompasses development expenditure undertaken by the Federal Government through the Federal PSDP, provincial governments through the Annual Development Programmes and other organizations of federal and provincial governments to support resource mobilisation for various development projects and programmes in different sectors of the economy.
Public sector companies like WAPDA, Civil Aviation Authority, Pakistan International Airlines and others also mobilise their own resources to supplement the government’s efforts for development.

The PSDP is the main instrument in government’s direct control to channelize funds and make developmental interventions. The government provides budgetary allocations to those projects and programmes that yield maximum benefits for the society in the shortest possible time.

2. Non-Convertible Bond

Nonconvertible debentures are unsecured bonds that cannot be converted to company equity or stock. Nonconvertible debentures usually have higher interest rates than convertible debentures. A fixed deposit is an arrangement with a bank where a depositor places money in the bank and is paid a regular fixed profit.

3. Remittances

the sending of money, checks, etc., to a recipient at a distance.

4. Revenue Receipts

Receipts which are recurring (received again and again) by nature and which are available for meeting all day to day expenses (revenue expenditure) of a business concern are known as "Revenue receipts", e.g. sale proceeds of goods, interest received, commission received, rent received, dividend received etc.

5. Budget Deficit


A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending, but can be applied to all of these entities.

6. Trade Deficit


Trade deficit is an economic measure of a negative balance of trade in which a country's imports exceeds its exports. A trade deficit represents an outflow of domestic currency to foreign markets

7. Foreign Direct Investment

Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country, such as ownership or controlling interest in a foreign company.

8. Inflation


Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

9. Gross Domestic Product (GDP)


Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.

10. Gross National Product (GNP)

GNP is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents.

11. GDP Growth Rate


The GDP growth rate measures how fast the economy is growing. It does this by comparing one quarter of the country's economic output (gross domestic product) to the last.

The GDP growth rate is driven by the four components of GDP. By far, the most important driver of GDP growth is personal consumption, which includes retail sales. GDP growth is also driven by business investment, which includes construction and inventory levels.

Government spending is the third driver of growth. It's sometimes necessary to jump start the economy after a recession. Last, but not least, are exports and imports. Exports drive growth, but increases in imports have a negative impact.

12. Circular Debt


“The circular debt is the amount of cash shortfall within the Central Power Purchasing Agency (CPPA), which it cannot pay to power supply companies. The overdue amount is a result of: (a) the difference between the actual cost and the tariff determined by National Electric Power Regulatory Authority (Nepra) which is the distribution company’s loss over and collections under that allowed by Nepra, (b) the delayed or non-payment of subsidies by government, and (c) delayed determination and notification of tariffs. It is the government’s policy to reduce, limit to a certain amount which would be reduced over time, and eliminate the causes of the circular Debt.” (National Power Tariff and Subsidy Policy guidelines 2014).

13. Per Capita Income

Per capita income or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.

14. Public Debt


Government debt (also known as public interest, national debt and sovereign debt) is the debt owed by a central government. Government debt can be categorized as internal debt (owed to lenders within the country) and external debt (owed to foreign lenders).

15. Independent Power Producer (IPP)

An independent power producer (IPP) or non-utility generator (NUG) is an entity, which is not a public utility, but which owns facilities to generate electric power for sale to utilities and end users.

__________________
“What we need in this country today is more courage and more belief in the things that we have.”- Thomas J. Watson

ISLAMABAD: Following are the salient features of National Budget 2017-18, announced by Minister for Finance, Muhammad Ishaq Dar in the National Assembly on Friday:

- The total outlay of the budget 2017-18 is Rs. 5,103 billion.

- The size is 4.3 percent higher than the size of the budget 2016-17.

- The resource availability during 2017-18 has been estimated at Rs. 4,681.2 billion.

-The net revenue receipts for 2017-18 have been estimated at Rs. 2,926 billion.

- The provincial share in federal taxes is estimated at Rs. 2,348.2 billion.

The net capital receipts for 2017-18 have been estimated at Rs. 552.5 billion.

-The external receipts in 2017-18 are estimated at Rs. 837.8 billion, showing an increase of 2.2 percent.

-The overall expenditures during the 2017-18 have been estimated at Rs. 5,103.8 billion.

-The share of current and development expenditures respectively in total budgetary outlay for 2017-18, is 73.7 percent and 26.3 percent.

-The expenditure on general public service is estimated at Rs. 2,553.6 billion.

-The expenditure on general public service is estimated at 2,553.6 billion.

-The development expenditure outside PSDP has been estimated Rs 152.2 billion.

-The size of PSDP is Rs. 2113 billion. Out of this Rs. 1112 billion has been allocated to provinces, Federal PSDP has been estimated at Rs. 1001 billion, Rs. 377.9 billion allocated for federal ministries and divisions, Rs. 380.6 billion allocated for corporations, Rs. 30 billion allocated for Prime Minister SDG achievement programme, Rs. 40 billion earmarked for special federal development programmes, Rs. 12.5 billion allocated for energy, Rs. 12.5 billion earmarked for clean drinking water, Rs. 7.5 billion allocated for earthquake reconstruction, Rs. 5 billion for special provision for competition of CPEC projects, Rs. 45 billion allocated for IDPs, Rs 45 billion earmarked for security enhancement and Rs 20 billion allocated for Prime Minister's initiatives and Rs. 25 billion for Gas Infrastructure Cess.

-To meet expenditure, bank borrowing has been estimated for 2017-18 at Rs. 390.1 billion, which is significantly lower than revised estimates of fiscal year 2016-17.

Source: Business Recorder

__________________
“What we need in this country today is more courage and more belief in the things that we have.”- Thomas J. Watson

@ All

Kindly download and read the budget commentary by PWC & AG Ferguson:

http://www.pwc.com.pk/en/tax-memoran...20-%202017.pdf

It is part and parcel of Federal Budget for fiscal year 2018. It is must read content.

Aoa Fellows,
In this thread many candidates like me are worried due to pre-selection list, they are given the news that 700 above Senior Auditors Jobs are announed by Finance Division where 17 June is the closing date.

This thread only deals with Inspector Inland Revenue and has nothing to do with Senior Auditors vacancies announced by FPSC. Both are different jobs. The test for Inspector Inland has already be taken by the commission & Pre-Selection is awaited.

__________________
“What we need in this country today is more courage and more belief in the things that we have.”- Thomas J. Watson

what kind of job is this...? give some insight useful info ....
all preventives are in karachi ...?
punjab candidate job stations...??

thanks

It is good job, with very good salary as compared to other government jobs. Here we get performance allowance which is 1 basic. Also there are reward rules for meritorious employees can be up to 6 basic salaries.

As you are a female you will be posted at nearest place of your residential address.

There is a bright future as under World Bank plan for incidence of direct tax is preferred. As far as the job description is concerned it as per your reporting officer who can assign you any task. If the officer is unit in charge such as DC, AC or IRO or ADC or Commissioner or Chief Commissioner.