FBR holds awareness sessions for online payment of duty, taxes

ISLAMABAD: Federal Board of Revenue (FBR) has organized sessions in Karachi and Lahore for business community and tax consultants to create awareness about online payment of duty and taxes. Read more »

Weekly Review: Equity market likely to display mixed trend

KARACHI: The equity market likely to display a mixed trend next week showing a range-bound behavior, analysts said. Read more »

Income Tax Ordinance 2001: advance tax on dealers, commission agents

KARACHI: Every market committee has been required to collect advance tax from dealers, commission agents under income tax laws. Read more »

MCC Appraisement West announces auction of vehicles on March 25

KARACHI: Model Customs Collectorate (MCC) Appraisement (West) Karachi announced auction of vehicles laying at Al-Hamd International Cargo Terminal to be held on March 25, 2019. Read more »

FPCCI welcomes FBR focal person appointment

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the appointment of focal person by Federal Board of Revenue (FBR) for resolving issues related to industry. In a statement... Read more »

Bank holiday

KARACHI: State Bank of Pakistan (SBP) has announced that the central bank will remain closed on March 23, 2019 on occasion of Pakistan Day. Read more »

Rupee declines by 61 paisas against dollar in early trade

KARACHI: The Pak Rupee significantly declined by 61 paisas against US dollar in early trade on Friday. The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency... Read more »

Maintaining five-year record of international trade mandatory under Customs Act

KARACHI: Importers, exporters and other stakeholders related to international trade are required to maintain transactions record for at least past five years. Read more »

Pakistan Tax Bar demands recruiting accountant members of tribunals as per judicial policy

KARACHI: Pakistan Tax Bar Association (PTBA) on Thursday demanded the government of recruiting accountant members of tribunals of Customs and Inland Revenue should be through Federal Public Service Commission (FPSC) and approved... Read more »

SRB suspends registration of ZY & Co. Bulk Terminals

KARACHI: Sindh Revenue Board (SRB) has suspended the sales tax registration of M/s. Z.Y. & Co. Bulk Terminals (Private) Limited for defaulting payment and e-filing of monthly sales tax returns. Read more »

Pakistan’s forex reserves increase to $15.71 billion

KARACHI: Pakistan’s foreign exchange reserves have increased by $743 million to $15.709 billion with inflows of $1 billion from UAE. Read more »

Option of refund through bonds can be availed by March 25: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has asked sales tax refund claimants to avail option of bonds by March 25, 2019. Read more »