Jazz, Enfrashare partner to accelerate telecom infrastructure

KARACHI: Jazz, Pakistan’s leading digital communications company, and Enfrashare (Private) Limited have signed an agreement to accelerate growth in telecommunications infrastructure. This partnership will propel Jazz in strategically expanding its digital infrastructure... Read more »

PBC suggests measures for broadening tax base by enhancing withholding tax rates on non-filers, unregistered persons

KARACHI: Pakistan Business Council (PBC) has suggested measures for broadening tax base through enhancing withholding tax rates on non-filers and unregistered persons in various sectors. Read more »

OMCs sales sharply decline by 25pc in 10 months

KARACHI: The sales of Oil Marketing Companies (OMCs) massively declined by 25 percent during first ten months (July – April) of current fiscal year owing to slowdown in economic activities. Read more »

Meeting reviews progress on FATF Action Plan

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs on Monday chaired a meeting to review progress on Financial Action Task Force (FATF) Action Plan. Read more »

KSE-100 index falls by 518 points on upcoming MSCI review

KARACHI: The stock exchange fell by 518 points on Monday owing to upcoming MSCI review and reports of tax laden budget. Read more »

Shabbar Zaidi appointed as 26th FBR chairman

ISLAMABAD: The federal government has appointed Shabbar Zaidi as chairman of Federal Board of Revenue (FBR). Zaidi will be first chairman, who has been picked from private sector. Read more »

Rupee makes gain against dollar on inflows

KARACHI: The rupee gained against dollar on Monday after sufficient inflows were available in the market. The rupee gained three paisas to end at Rs141.29 against dollar from last Friday closing of... Read more »

Withholding tax rates on payment for goods and services during Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has updated withholding tax card for tax year 2019 amendment through Finance Supplementary (Second Amendment) Act, 2019. Read more »

Sales Tax Act 1990: No suit shall lie against government servant

KARACHI: The sales tax law had explained that no suit, prosecution or other legal proceeding shall lie against the federal government or against any public servant in respect of any order passed... Read more »

FBR provisionally revokes sales tax registration suspension of Hascol Petroleum

KARACHI: Federal Board of Revenue (FBR) has provisionally revoked the suspension of sales tax registration of M/s. Hascol Petroleum Limited on directives issued by Sindh High Court. Read more »

Reza Baqir assumes charge as SBP governor

KARACHI: Dr. Reza Baqir assumed the charge of Governor State Bank of Pakistan (SBP) on Sunday after President of Pakistan appointed him as Governor State Bank of Pakistan for a period of... Read more »