The Federal Board of Revenue (FBR) has established a dedicated cell to oversee compliance with actions mandated by the Financial Action Task Force (FATF).
ISLAMABAD: Federal Board of Revenue (FBR) has issued updated withholding tax rates on registration of new motor vehicles effective from July 01, 2019. The FBR said that motor vehicle registration authorities are required to collect/deduct advance tax on private motor vehicles under Section 231B of Income Tax Ordinance, 2001 at the time of registration of […]
ISLAMABAD: Federal Board of Revenue (FBR) has transferred 23 inspectors of Inland Revenue to newly established Benami zones in three major cities in order to speed up action against Benami assets. According to a notification issued on Thursday the FBR transferred and posted following inspectors of BS-16 with immediate effect until further orders: 01. Muhammad […]
KARACHI: The liquid foreign exchange reserves of the country have declined by $387 million to $14.486 billion by week ended July 19, 2019 as compared with $15.249 billion a week ago, State Bank of Pakistan (SBP) said on Thursday. The reserves held by the central bank fell by$389 million to $7.612 billion by week ended […]
KARACHI: The stock market ended with a nominal gain of 45 points on Thursday amid selling pressure during the first half of trading. The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 32,446 points as against 32,401 points showing an increase of 45 points. Analysts at Arif Habib Limited said that market traded in […]
KARACHI: The Pak Rupee gained 33 paisas against dollar on Thursday owing to positive sentiments prevailed following successful visit of the US by Prime Minister Imran Khan. The rupee ended Rs160.45 to the dollar from previous day’s closing of Rs160.78 in interbank foreign exchange market. The foreign currency market was initiated in the range of […]
KARACHI: Pak Suzuki Motors (PSMC) has declared massive loss of Rs1.52 billion for the first half ended June 30, 2019 despite multiple increase in prices of vehicles during the period. According to half yearly financial results submitted to Pakistan Stock Exchange (PSX), the company posted net loss of Rs1.525 billion as compared with growth of […]
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced discovery of oil and gas in District Sanghar of Sindh province. In an information to Pakistan Stock Exchange (PSX) it said that the joint venture of Bitrism Block comprising OGDCL as operator 95 percent and Government Holdings (Pvt.) Limited (five percent carried) has discovered […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified amendments to Income Tax Rules, 2002 under which withholding agents are required to file withholding statements biannually instead monthly.