The Sindh Revenue Board (SRB) has taken stringent action against a stock broker firm M/s. Reliance Securities Limited, suspending its sales tax registration due to a failure to fulfill tax payment obligations and non-compliance with filing monthly returns.
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued notifications for implementing enhanced valuation of immovable properties in 20 major cities. The new valuations will be applicable from July 24, 2019. Following are the new valuation for 20 cities: (1) Abbottabad SRO 829(I)/2019 (2) Bahawalpur SRO 830(I)/2019 (3) Faisalabad SRO 831(I)/2019 (4) Gujranwala SRO 846(I)/2019 […]
KARACHI: The stock market gained 131 points on Tuesday amid mixed trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,716 points as against 32,585 points showing an increase of 131 points. Analysts at Arif Habib Limited said that the market opened on a positive note with +17 […]
KARACHI: The Pak Rupee ended down by six paisas against dollar on Tuesday amid demand from importer and corporate sector for the foreign currency. The rupee ended at Rs160.59 to the dollar from previous day’s closing of Rs160.53 in interbank foreign exchange market. The foreign currency market was initiated in the range of Rs160.35 and […]
KARACHI: Federal Board of Revenue (FBR) has issued withholding tax rates for winning prize bonds, cross word, raffle, lottery and quiz for tax year 2019/2020 as effective from July 01, 2019. The FBR said that every person making payment shall collect withholding tax from persons on active taxpayers list (ATL) and double the amount of […]
ISLAMABAD: Federal Board of Revenue (FBR) has directed all the banks to provide details of Benami account holders within next 15 days. FBR spokesman on Monday said that FBR chairman Shabbar Zaidi had sent communication to all the heads of banks asking them to provide details of Benami accounts. The spokesman said that the FBR […]
ISLAMABAD, February 20, 2024 – The Federal Board of Revenue (FBR) has issued a clarification stating that female consumers can present the CNIC of their husband or father when making purchases above Rs50,000.