Doctors, lawyers earning huge money but not on tax net: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to bring professionals into tax net as they are not documented despite earning huge money. Read more »

FBR promotes 114 inspectors to BS-16 Revenue Officers

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified promotion of 114 inspectors of Inland Revenue and Assistant Private Secretaries to the post of Revenue Officers (BS-16) on regular basis with immediate... Read more »

No decision on amnesty scheme, cabinet to consider tomorrow

ISLAMABAD: The federal cabinet has discussed the planned tax amnesty scheme and it will decide in tomorrow’s meeting, sources said on Tuesday. Read more »

Meezan Bank, Regal Auto sign MoU for Sharia financing solutions

KARACHI: Meezan Bank, Pakistan’s leading Sharia compliant bank, has signed a Memorandum of Understanding (MoU) with Regal Automobile Industries Limited to provide exclusive Shariah-compliant financing solutions and value-added services to its customers.... Read more »

FBR issues procedure for obtaining NTN, company registration

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for getting National Tax Number (NTN) and registration with Securities and Exchange Commission of Pakistan (SECP) through Virtual One Stop Shop (VOSS). Read more »

Stock market ends down by 122 points on profit taking

KARACHI: The stock market ended down by 122 points on Tuesday following profit taking during the day. Read more »

Rupee ends unchanged against dollar

KARACHI: The Pak Rupee ended unchanged against dollar in interbank foreign exchange market on Tuesday amid lackluster trading. Read more »

Cabinet to approve money whitening amnesty scheme today

ISLAMABAD: The federal cabinet may consider and approve the new amnesty scheme today which is meant for whitening the ill-gotten money. Read more »

Sales Tax Act 1990: maintaining record for taxable supplies

KARACHI: A person making taxable supplies is required to maintain record of goods and keep at his office for scrutiny by tax officials. Read more »

FBR issues procedure for making payment through internet, ATM, mobile banking

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for payment of duty and taxes through alternate delivery channels (ADC) including internet banking, ATM and mobile banking. Read more »