KTBA refuses comments on draft return forms on given format

KARACHI: Karachi Tax Bar Association (KTBA) has refused the Federal Board of Revenue (FBR) for giving comments on draft return form for tax year 2019 as the present format of the draft form was not appropriate for checking. The FBR issued draft return forms for individuals and Association of Persons (AOPs) through SRO 951(I)/2019 dated […]

by Mrs. Anjum Shahnawaz

Stock market gains 53 points amid selling pressure

Aug 28

Stock & Commodity

Stock market gains 53 points amid selling pressure

KARACHI: The stock exchange gained 53 points on Wednesday after selling pressure eroded earlier day gain of over 500 points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,638 points as against 30,585 points showing an increase of 53 points. Analysts at Arif Habib Limited said that in a diametrically opposite fashion, […]

by Mrs. Anjum Shahnawaz

Rupee eases by three paisas on dollar demand

Aug 28

Money & Banking

Rupee eases by three paisas on dollar demand

KARACHI: The Pak Rupee eased by three paisas against dollar on Wednesday owing to rise in demand for import payments. The rupee ended at Rs157.29 to the dollar from previous day’s closing of Rs157.26 in interbank foreign exchange market. Currency experts said that the dollar demand was remained higher during the day. However, the local […]

by Mrs. Anjum Shahnawaz

FBR notifies transfers, postings of IR Chief Commissioners

Aug 28

Taxation

FBR notifies transfers, postings of IR Chief Commissioners

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of Chief Commissioners Inland Revenue (CCIR) with immediate effect and until further orders. The FBR notifies transfers and postings of following CCIR of BS-20-21 Inland Revenue Service (IRS): 01. Nazir Ahmad Shoro (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner […]

by Mrs. Anjum Shahnawaz

NBP declares 11.12pc decline in after tax profit to Rs11.1 billion

Aug 28

Corporate, Money & Banking

NBP declares 11.12pc decline in after tax profit to Rs11.1 billion

KARACHI: National Bank of Pakistan (NBP) on Wednesday declared decline in net profit by 11.12 percent to Rs11.1 billion for the first half ended June 30, 2019. According to financial results for the half yearly ended June 30, 2019 submitted to Pakistan Stock Exchange (PSX), the bank declared after tax profit of Rs11.101 billion as […]

by Mrs. Anjum Shahnawaz

CNIC condition on purchases remain part of law, deferred till September: FBR chairman

Aug 28

Taxation

CNIC condition on purchases remain part of law, deferred till September: FBR chairman

KARACHI: The chairman of Federal Board of Revenue (FBR), Shabbar Ziaid on Wednesday said that condition of providing Computerized National Identity Card (CNIC) on purchase of above Rs50,000 is remain part of law. “However, its application has been deferred till September 30,” he said at an event organized by Management Association of Pakistan (MAP). He […]

by Mrs. Anjum Shahnawaz