April 23, 2024

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Pakistan Revenue

Day: May 15, 2019

Pakistan’s trade deficit narrows by 13pc in 10 months
May 15
Finance

Pakistan’s trade deficit narrows by 13pc in 10 months

KARACHI: Pakistan’s trade deficit has narrowed by 13 percent during first 10 months (July – April) 2018/2019 owing to significant fall in import bill, according to trade data released by Pakistan Bureau of Statistics (PBS) on Wednesday. The trade deficit narrowed to $26.3 billion during July – April of current fiscal year as compared with […]

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Prime Minister takes notice of rupee depreciation
May 15
Money & Banking

Prime Minister takes notice of rupee depreciation

KARACHI: Prime Minister Imran Khan took notice of recent depreciation of rupee in the open market. In this regard the prime minister met a delegation of Exchange Companies Association of Pakistan (ECAP) on Wednesday at Prime Minister House. The ECAP delegation was led by Sheikh Allaudin, Malik Bostan, and Sheikh Mureed. Director General FIA, Director […]

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Rupee remains unchanged against dollar
May 15
Money & Banking

Rupee remains unchanged against dollar

KARACHI: The Pak Rupee was remained unchanged against dollar on Wednesday in interbank foreign exchange market. The rupee ended Rs141.40 to the dollar, same previous day’s level, in interbank foreign exchange market. The interbank foreign exchange market was initiated the range of Rs141.3950 and Rs141.40. The market recorded day high of Rs141.40 and low of […]

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Offshore drilling for hydrocarbons near Karachi coast completes; samples sent for lab test
May 15
National

Offshore drilling for hydrocarbons near Karachi coast completes; samples sent for lab test

KARACHI: The offshore drilling near Karachi coast has been completed. The operators have found hydrocarbons and sent for laboratory test. The operators are hopeful of huge deposits of hydrocarbons, sources said on Wednesday. Offshore drilling, through a joint venture of four oil giants, near Karachi coast on Indus G-Block (Kekra-1) has been completed after four […]

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PTBA recommends outsourcing potential taxpayers profiling to data mining company
May 15
2019-2020, Budget, Taxation

PTBA recommends outsourcing potential taxpayers profiling to data mining company

KARACHI: Pakistan Tax Bar Association (PTBA) has suggested the Federal Board of Revenue (FBR) to outsource the preparation of profiling potential taxpayers to a data mining company for broadening of tax base. The PTBA in its tax proposals for budget 2019/2020 suggested the tax machinery that the assignment of preparation of profile of potential taxpayers/registered […]

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Amnesty Scheme 2019 unveiled; 4pc tax for documenting hidden assets; applicable till June 30
May 15
Taxation

Amnesty Scheme 2019 unveiled; 4pc tax for documenting hidden assets; applicable till June 30

ISLAMABAD: The federal government finally announced tax amnesty scheme 2019 for people having undisclosed assets to become part of documented economy. The scheme has been announced at four percent of tax to declared hidden assets other than immovable properties. The scheme is available for Pakistani citizens who have evaded taxes other than public office holders. […]

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