ISLAMABAD: Federal Board of Revenue (FBR) has fixed Rs 8 as sales tax for 40 kilogram of cottonseed for the period starting from July 01, 2019. Similarly, Rs 7 sales tax for 40kg of cottonseed for the period of starting July 01, 2018 and ending on June 30, 2018 (both days inclusive). The FBR on […]
KARACHI: The net profit of Byco Petroleum Pakistan Ltd. fell sharply by 96 percent for the first half ending December 31, 2018 due to depreciation in Pak Rupee value and weak upliftment of furnace oil. Byco Petroleum Pakistan Ltd. (BPPL) on Tuesday announced financial results for the six months ending on 31 December 2018. The […]
ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for electronic monitoring of five goods in order to prevent sales tax evasion. The FBR issued SRO 250(I)/2019 on Tuesday for electronic monitoring, tracking and tracing of production, import and supply-chain of the following goods, on real time basis, hereinafter referred to as the specified goods, […]
ISLAMABAD: Pakistan on Tuesday decided to strongly respond to Indian aggression, which violated the airspace. In this regard a special meeting of the National Security Committee was held. The committee strongly rejected Indian claim of targeting an alleged terrorist camp near Balakot and said India has committed an “uncalled for aggression to which Pakistan shall […]
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified functions and powers Directorate General of Intelligence and Investigation under Federal Excise Act, 2005. The FBR issued SRO 251(I)/2019 to notify following functions of the Directorate General, Intelligence and Investigation IR: The functions of Directorate General of Intelligence and Investigation, Inland Revenue shall be: a) to […]
KARACHI: The equity market eroded by 785 points on Tuesday following violation of Pakistani air space by India. Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on Tuesday. The benchmark KSE-100 index of Pakistan Stock […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday strongly condemned India for violating Pakistani air space. In a joint statement on issued Tuesday the office bearers of FPCCI and business community of Pakistan, condemned India for violating Pak Air Space today. Vice President FPCCI Dr. Mirza Ikhtiar Baig called it frustration […]
KARACHI: The Pak Rupee ended sharply down by 30 paisas against US dollar on Tuesday owing to latest border violation by Indian air force. Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on Tuesday. Following […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday – Sunday) to facilitate pilgrims in depositing Hajj applications along with dues. The SBP directed 14 designated banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank, Allied Bank, Bank of Punjab, Bank […]
KARACHI: The Pak Rupee fell sharply by 28 paisas against US dollar in early trade on Tuesday owing to latest border violation by Indian air force. Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on […]