FBR sets up directorate to initiate legal action in suspicious transactions, stop currency smuggling

ISLAMABAD: Federal Board of Revenue (FBR) has established Directorate of Cross Border Currency Movement (CBCM) to stop individual and trade based money laundering and initiate legal action in suspicious transactions. Read more »

ACCA suggests making FBR immovable property values in line with fair market value to stop asset undervaluation

KARACHI: Association of Chartered Certified Accountants (ACCA) Pakistan has urged the Federal Board of Revenue (FBR) to bring the immovable property values in line with fair market values to discourage under-valued asset... Read more »

Stock market extends losses, ends down by 147 points

KARACHI: The stock market extended losses on Thursday and fell by 147 points amid continued selling pressure. Read more »

Notification issued to appoint Shabbar Zaidi as FBR chairman

ISLAMABAD: The federal government has appointed Syed Muhammad Shabbar Zaidi as chairman of Federal Board of Revenue (FBR) for the period of two years. Read more »

Rupee depreciates by 27 paisas against dollar

KARACHI: The rupee depreciated by 27 paisas against dollar on Thursday owing to reports of tough conditions under new IMF loan program. Read more »

Pakistan’s foreign exchange reserves increase by $229 million to $15.972 billion

KARACHI: The foreign exchange reserves of the country have increased by $229 million to $15.972 billion by week ended May 03, 2019 as compared with $15.742 billion a week ago, State Bank... Read more »

FPCCI flays rise in air fares on domestic routes

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has flayed hike in air fares by domestic airlines. Read more »

Sales Tax Act 1990: treatment of tax paid by person required to get registration

KARACHI: A person, who is required to be get registration, paid sales tax on goods purchased from a registered person shall be treated as input tax. Read more »

ICAP recommends harmonization of federal, provincial tax laws

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has recommended harmonization of federal and provincial tax laws to facilitate the taxpayers. Read more »

Sindh exempts sales tax on insurance services

KARACHI: The Sindh government has exempted the insurance services from payment of sales tax up to June 30, 2019. Read more »