KARACHI: The stock market remained in red zone on Friday owing to selling pressure and lost another 344 points on the last trading day of the week. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was ended by 344 points to 38950 points from previous day’s closing of 39294 points. The analysts said that […]
KARACHI: The Pak Rupee gained nine paisas against dollar on Friday owing to inflows of remittances and export receipts. The rupee ended Rs138.55 to the dollar from previous day’s close of Rs138.64 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs138.60 and Rs138.65. The market recorded day […]
KARACHI: Pakistan Stock Exchange (PSX) on Friday celebrated World Women Day as a prominent woman rang the bell for opening trading. Dr. Shamshad Akhtar, former governor State Bank of Pakistan (SBP), rang the opening bell on the occasion of Women Day. Women from different sectors of the economy attended the event and also rang the […]
KARACHI: Federal Board of Revenue (FBR) has initiated investigation into massive tax evasion by at least 200 employees of Sindh government. The investigation has been launched by Broadening of Tax Base (BTB) wing of Regional Tax Office (RTO)-II Karachi, according to official documents received on Friday. Sources said that the BTB wing selected high profile […]
ISLAMABAD: Prime Minister Imran Khan on Thursday said that reforming Federal Board of Revenue (FBR) is priority of the government. If the FBR fails to deliver then we will replace with a new tax authority, he said while addressing at the 11th All Pakistan Chambers President Conference. He said that the reforms in the taxation […]
KARACHI: The Karachi Tax Bar Association (KTBA) on Thursday requested tax authorities to include names of late filers of income tax returns, who already applied for extension, into Active Taxpayers List (ATL). The KTBA requested the chairman of Federal Board of Revenue (FBR) to issue instructions for inclusion of the names of those taxpayers who […]
KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Baba Farid Carriage Company for default payment related to period January 2017 to August 2018. The SRB said that non-payment of Sindh sales tax on services is contravention of provincial tax laws. It said that record showed that M/s. Fauji Fertilizer Company Limited, […]
KARACHI: The liquid foreign exchange reserves of the country increased by $140 million to $14.956 billion by week ended March 01 as compared with $14.816 billion a week ago, State Bank of Pakistan (SBP) said on Thursday. The reserves held by the central bank increased by $80 million to $8.116 billion by the end of […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified transfers and postings of key posts in Inland Revenue Service (IRS) with immediate effect. The FBR transferred and posted Zulfiqar Hussain Khan (IRS/BS-20) as the Director General (OPS), Directorate General of Internal Audit (Inland Revenue), Islamabad from the post of Chief (L&C) FBR, Islamabad. The […]
KARACHI: The equity market ended down by 274 points on Thursday due to selling pressure. The benchmark KSE-100 index closed at 39,294 points as against 39,568 points showing a decline of 274 points. Analysts at Arif Habib Limited said that the market was remained under pressure today and after exclusion of trades in BOP, the […]