Aug 27

Rupee gains 10 paisas on improved inflows

KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to improved inflows of export receipts and workers remittances. The rupee ended Rs157.26 to the dollar from previous day’s closing of Rs157.36 in interbank foreign exchange market. Currency experts said that the inflows from export receipts and worker remittances kept the market sentiments […]

by Mrs. Anjum Shahnawaz

OGDCL discovers huge gas reserves in Khyber PakhtoonKhwa

Aug 27

Energy

OGDCL discovers huge gas reserves in Khyber PakhtoonKhwa

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced huge amount of gas discovery and condensate from exploratory well at Kohat, Khyber PakhtoonKhwa. In a notification to Pakistan Stock Exchange (PSX) and London Stock Exchange Plc., the company said that the joint venture of Kohat E.L. comprising OGDCL as operator (50 percent), Mari […]

by Mrs. Anjum Shahnawaz

FBR to launch audit of withholding agents

Aug 27

Taxation

FBR to launch audit of withholding agents

KARACHI: Federal Board of Revenue (FBR) on Monday initiated a program of skill development of its officials to conduct system audit of withholding agents. A statement said that under the dynamic leadership of Syed Shabbar Zaidi, Chairman, FBR, a new initiative had been taken up by Faheem-ul-Haq, Director General (Withholding) and launched by Dr. Aftab […]

by Mrs. Anjum Shahnawaz

FBR to make easy procedure for government employees to file returns

Aug 26

Taxation

FBR to make easy procedure for government employees to file returns

ISLAMABAD: Federal Board of Revenue (FBR) on Monday said it will make easy procedure for government employees to file their annual income tax returns. Briefing the Standing Committee of the Senate on Finance, Revenue and Economic Affairs, the FBR officials said that they were working on the project of making procedure easy for government employees […]

by Mrs. Anjum Shahnawaz

Draft income tax return form for salaried persons for tax year 2019

Aug 26

Taxation

Draft income tax return form for salaried persons for tax year 2019

KARACHI: Federal Board of Revenue (FBR) has issued draft income tax return forms for salaried persons to be filed for tax year 2019. The last date for filing income tax return for salaried persons for tax year 2019 is September 30, 2019. The FBR issued the following draft return form for salaried individuals as issued […]

by Mrs. Anjum Shahnawaz

IR officers participate in ‘tax management system for Pakistan’ in China

Aug 26

Taxation

IR officers participate in ‘tax management system for Pakistan’ in China

ISLAMABAD: A nine-member team of Inland Revenue (IR) officers is participating in tax system management for Pakistan starting from Monday (August 26, 2019) in China. Federal Board of Revenue (FBR) on Monday issued no objection certificate (NOC) to the officers to the proceeding abroad to participate in bilateral seminar 2019 (14 days) on Tax System […]

by Mrs. Anjum Shahnawaz

Stock market witnesses bearish sentiments

Aug 26

Stock & Commodity

Stock market witnesses bearish sentiments

KARACHI: The stock market witnessed bearish sentiments on Monday after significant gains during the last week. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,521 points as against 31,350 points showing a decline of 829 points. Analysts at Arif Habib Limited said that start of the rollover week marked the return of […]

by Mrs. Anjum Shahnawaz

Rupee gains six paisas amid higher dollar demand

Aug 26

Money & Banking

Rupee gains six paisas amid higher dollar demand

KARACHI: The Pak Rupee gained six paisas against dollar on Monday amid demand for corporate and import payments. The rupee ended Rs157.36 to the dollar from last Friday’s closing of Rs157.42 in interbank foreign exchange market. Currency dealers said that the local unit was under pressure earlier in the day due to higher demand for […]

by Mrs. Anjum Shahnawaz

FBR revises additional customs duty on components for motor vehicles

Aug 25

Pakistan Customs

FBR revises additional customs duty on components for motor vehicles

ISLAMABAD: Federal Board of Revenue (FBR) has revised additional customs duty on import of components for motor vehicles. The FBR issued SRO 936 (I)/2019 dated August 19, 2019 to amend the SRO 693(I)2006 dated July 01, 2006. The FBR amended Appendix-I of SRO 693(I)/2006 related to import of components for motor vehicles. As per SRO […]

by Mrs. Anjum Shahnawaz

Total number of SECP registered companies increases to 102,864

Aug 25

Finance

Total number of SECP registered companies increases to 102,864

ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) has increased to 102,864 by end of July 2019, said a statement on Saturday. The SECP said that in July it registered 1,525 new companies. As compared to the corresponding month of last financial year, it represents a growth of […]

by Mrs. Anjum Shahnawaz