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. Read more »

Weekly Review: positive sentiments to prevail in stock market

KARACHI: Positive sentiments likely prevail in the stock market during next week owing to visit of Prime Minister Imran Khan to China and arrival of IMF team to Pakistan. Read more »

Sales Tax Act 1990: IR officers empowered to summon persons

KARACHI: The sales tax laws have empowered officers of Inland Revenue to summon person in legal proceedings for evidence and produce documents. Read more »

MCC Preventive announces auction of vehicles on April 30

KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi has announced public auction of confiscated vehicles to be held on April 30, 2019 at NMB WHARF, Ghasbandar, East Wharf, Karachi. Read more »

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... Read more »

Deduction of withholding tax on phone cards begins

ISLAMABAD: Federal Board of Revenue (FBR) has started collecting withholding tax on phone cards on Friday following the judgment of the Supreme Court of Pakistan (SCP). Read more »

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. Read more »

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. Read more »

Engro Corp announces Rs7.5 billion investment in telecom infrastructure

KARACHI: Pakistan’s premier conglomerate, Engro Corporation, has announced investment in telecom infrastructure. Read more »

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. Read more »