FBR sets 200pc penalty for offshore tax evasion

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said the amended income tax law attract 200 percent penalty amount of tax evaded in cases of undeclared offshore assets. Read more »

FBR notifies transfers of eight BS-16 customs officials

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified transfers and postings of eight BS-16 officers of Customs Department with immediate effect and until further. Read more »

FBR makes mandatory purchase of immovable property through banking channel

ISLAMABAD: Federal Board of Revenue (FBR) has made mandatory the purchase of immovable property of fair market value above Rs5 million through banking channel. Read more »

Share market sheds another 76 points

KARACHI: The share marked extended losses on Tuesday after shedding another 76 points amid selling pressure. Read more »

Rupee gains 39 paisas on improved inflows

KARACHI: The Pak Rupee gained 39 paisas against dollar on Tuesday owing to improved inflows of export receipts and home remittances. Read more »

Draft MoU for sharing taxation data sent to China

ISLAMABAD: Pakistan has sent draft Memorandum of Understanding (MoU) to China for sharing taxation data between the two countries. Read more »

FBR notifies revision in exemption regime under sales tax laws

ISLAMABAD: Federal Board of Revenue (FBR) has issued changes brought through Finance Act, 2019 in exemption regime under Sixth Schedule of the Sales Tax Act, 1990. Read more »

SBP advises public not to share banking information

KARACHI: State Bank of Pakistan (SBP) has advised the public not to share their banking information to fake calls. Read more »

Share market sheds 369 points on disappointing financial results of major scrips

KARACHI: The share market ended down by 369 points on Monday following disappointing financial results by many major scrips. Read more »

Rupee gains 14 paisas in interbank market

KARACHI: The Pak Rupee 14 paisas against dollar on Monday owing to improved sentiments following approval of the US support. Read more »