SRB suspends sales tax registration of seven event management service providers for non-filing

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of seven event management service providers for non-compliant of monthly return filing. Read more »

Cabinet meets tomorrow to approve export, investment package

ISLAMABAD: Prime Minister Imran Khan will preside a special cabinet meeting on Wednesday at 02:00 PM. The meeting likely to give approval to economic reform package, sources said. Read more »

PIA starts flight operation on three more routes

KARACHI: Pakistan International Airlines (PIA) is starting more flight operation on three routes to facilitate passengers of Peshawar and Multan. Read more »

Phone tax ban hampers sales tax collection: SRB chairman

KARACHI: The restriction imposed by Supreme Court of Pakistan on sales tax collection on telephone services negatively impacted the overall collection, Kahalid Mahmood, Chairman, Sindh Revenue Board (SRB) said on Tuesday. Read more »

Expected relief in mini-budget keeps equity market bullish

KARACHI: The expected relief in the mini-budget or economic reform package has kept the equity market bullish on Tuesday. Read more »

Rupee falls by 10 paisas on high import demand

KARACHI: The Pak Rupee fell by 10 paisas against dollar on Tuesday due to high demand for import and contract payments. Read more »

Pakistan Oilfields’ profit jumps up by 66 percent in first half

KARACHI: The net profit of Pakistan Oilfields Limited (POL) has surged by 66 percent for the six-month period ended December 31, 2018. Read more »

All measures will be taken against infiltration of commodity based diseases into Pakistan: Quarantine Department

KARACHI: Director General (Quarantine), Department Plant Protection Dr. Falak Naz on Tuesday said that all measures will be taken to save country from infiltration of any disease into Pakistan. Read more »

Procedure to avail reduced income tax rate on import of raw material

KARACHI: Federal Board of Revenue (FBR) has explained the procedure for filing application for availing reduced rate of withholding income tax on import of raw material through online system – Iris. Read more »

Salary persons’ bank deposits surge by 17.26pc to Rs1,569 billion

KARACHI: Bank deposits of salaried persons have sharply increased by 17.26 percent to Rs1,569 billion for the period ended December 31, 2018 as compared with Rs1,338 billion in the same period of... Read more »

Active taxpayers’ number surpasses 1.8 million for tax year 2017

KARACHI: The number of active taxpayers has surpassed 1.8 million for tax year 2017, according to latest weekly Active Taxpayers List (ATL) released by Federal Board of Revenue (FBR). Read more »

Rupee weakens in early trade

KARACHI: The Pak Rupee weakened by two paisas against dollar in early trade. Read more »