In a significant move aimed at enhancing transparency and facilitating citizens’ access to information, the federal government has declared the first 10 pages of requested information under the Access to Information Act, 2017 to be provided free of cost.
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday launched a software to monitor sales tax returns. Chairman Federal Board of Revenue Syed Muhammad Shabbar Zaidi has inaugurated the new software called Centralized Sales Tax & FED Assessment & Processing (CSTAP) to effectively monitor the sales tax returns. This software is inaugurated at FBR Headquarters which […]
KARACHI: The fiscal deficit of the country has increased to record level of 8.9 percent in fiscal year 2018/2019, according to statistics released by the federal finance ministry on Tuesday. Analysts Topline Securities said that the government had reported fourth quarter of fiscal year 2018/2019 fiscal deficit of 3.9 percent of GDP, taking full year […]
KARACHI: Pakistan Yarn Merchants Association (PYMA) has demanded the Federal Board of Revenue (FBR) to restore one percent advance income tax for textile value chain. In a statement on Tuesday, Muhammad Saqib Goodluck Chairman, PYMA (Sind & Baluchistan Zone) strongly protested over imposition of 4 percent withholding tax instead of 1 percent requested to withdraw […]
KARACHI: The stock market ended with gain of 64 points on Tuesday after mixed trading activities on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index of PSX closed at 30,585 points as against 30,521 points showing an increase of 64 points. Analysts at Arif Habib Limited said that the market today went down by 568 […]
KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to improved inflows of export receipts and workers remittances. The rupee ended Rs157.26 to the dollar from previous day’s closing of Rs157.36 in interbank foreign exchange market. Currency experts said that the inflows from export receipts and worker remittances kept the market sentiments […]
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced huge amount of gas discovery and condensate from exploratory well at Kohat, Khyber PakhtoonKhwa. In a notification to Pakistan Stock Exchange (PSX) and London Stock Exchange Plc., the company said that the joint venture of Kohat E.L. comprising OGDCL as operator (50 percent), Mari […]
KARACHI: Federal Board of Revenue (FBR) on Monday initiated a program of skill development of its officials to conduct system audit of withholding agents. A statement said that under the dynamic leadership of Syed Shabbar Zaidi, Chairman, FBR, a new initiative had been taken up by Faheem-ul-Haq, Director General (Withholding) and launched by Dr. Aftab […]