KARACHI: Commissioners of Inland Revenue have been empowered to make ‘best judgement assessment’ for taxpayers, who fail to file annual returns, for making payment of due taxes.
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KARACHI: The government has prescribed a limit of foreign currency amounting above $10,000 or equivalent within Pakistan. A person carry foreign currency above this limit without explaining source may be dealt under prevailing laws including…
KARACHI: A person is allowed to take out Pakistani currency a maximum amount of Rs3,000 for traveling to India.
KARACHI: Passengers on arrival from abroad at any airport passing through green channel have been asked to cooperate with customs authorities for examination in case randomly or parametric selection.
KARACHI: The Pak Rupee ended stable against dollar in the open market on Saturday owing to lower demand of foreign currency.
KARACHI: A delegation of Chinese businessmen has visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to explore business opportunities between the two countries, a statement said on Saturday.
KARACHI: A commissioner of Inland Revenue is required to send notice to taxpayers for incomplete annual income returns within 180 days from end of financial year in which return was filed.
ISLAMABAD: The oil import bill has surged to $8.68 billion due to significant increase in import of liquefied natural gas (LNG), according to data released by Pakistan Bureau of Statistics (PBS).
ISLAMABAD: Despite the government’s effort to curtail import bill the country imported mobile phones worth Rs55 billion during first seven months of current fiscal year.
KARACHI: The equity market likely to recover from recent correction and remain upbeat in the next week owing to historical visit of Saudi Crown Prince.
KARACHI: The import of completely built unit (CBU) motor cars has sharply declined by 36 percent owing to restriction imposed on non-filers of income tax return filers, according to data released by Pakistan Bureau of…
KARACHI: Sheikh Rashid Ahmed, Minister for Pakistan Railways along with his team visited head office of Karachi Port Trust on Friday to discuss the potential of transportation of cargo through rail service.