April 24, 2024

Pkrevenue.com

Pakistan Revenue

Month: April 2019

Cash withdrawal tax card: updated for Tax Year 2019
Apr 27
Taxation

Cash withdrawal tax card: updated for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has issued updated up to March 09, 2019 for withholding tax rate on cash withdrawal from banking system. The rate card has been updated after amendment to Income Tax Ordinance, 2001 introduced through Finance Supplementary (Second Amendment) Act, 2019. The financial institutions are required to collect/deduct withholding tax under […]

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Imran Khan discusses IMF program with Christine Lagarde
Apr 27
Finance

Imran Khan discusses IMF program with Christine Lagarde

ISLAMABAD: Prime Minister lmran Khan met Ms. Christine Lagarde, Managing Director of International Monetary fund (IMF) on the sidelines of the belt and Road Forum, a statement received here on Friday from Beijing, China. The prime minister was assisted by Foreign Minister Makhdoom Shah Mahmood Qureshi, Adviser on Finance Dr. Abdul Hafeez Shaikh and Adviser […]

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Pakistan unlikely to get benefit from 2nd phase of China FTA: SITE Association
Apr 26
Trade & Industry

Pakistan unlikely to get benefit from 2nd phase of China FTA: SITE Association

KARACHI: Pakistan may not get benefit from the 2nd phase of Pak China FTA as Chinese imports of $2 trillion are either of raw materials or high-tech equipment. “Pakistan does not have the industrial and technical base to produce high-tech equipment such as computers, ICs, telecommunication equipment & automobiles,” Saud Mahmood, Chairman SITE Taxation and […]

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IMF team to visit Pakistan April 29
Apr 26
Finance

IMF team to visit Pakistan April 29

ISLAMABAD: A team of International Monetary Fund (IMF) will visit Pakistan starting April 29, 2019 to continue technical discussions for IMF supported program, spokesman of ministry of finance said on Friday. Dr. Khaqan Najeeb, Adviser and Spokesman, Ministry of Finance said that extensive preparation for data and macro economic framework finalization and structural reforms were […]

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Engro Corp announces Rs7.5 billion investment in telecom infrastructure
Apr 26
Corporate, IT & Telecom

Engro Corp announces Rs7.5 billion investment in telecom infrastructure

KARACHI: Pakistan’s premier conglomerate, Engro Corporation, has announced investment in telecom infrastructure. The investment has been approved by board of directors of the corp. in its meeting held on April 25, 2019. The BoD also approved financial results for the quarter ended March 31, 2019. Engro Corporation, in light of its long-term strategy, has streamlined […]

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FBR set asides penalty on four customs officials
Apr 26
Pakistan Customs, Taxation

FBR set asides penalty on four customs officials

ISLAMABAD: Federal Board of Revenue (FBR) on Friday set-aside penalty imposed on four officials of Customs collectorate Quetta with future warning. The FBR Member Admin as appellate authority accepted the appeal of four customs officials of BS-16 including Muhammad Arif Dostani, Muhammad Arif, Ghulam Hussain Khoso, Saleem Akhtar, and set aside the minor penalty imposed […]

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