Salary persons should obtain withholding income tax deduction certificates to get refund/adjustment

KARACHI: Salary persons having above threshold income for tax year 2019 should obtain certificates of withholding tax in order to get refund / adjustment after filing annual income tax returns. Read more »

Weekly Review: market to move on policy rate decision, IMF visit

KARACHI: The stock market will move with the outcome of monetary policy announcement scheduled for Monday September 16, 2019 and expected visit of a delegation of International Monetary Fund (IMF) next week. Read more »

FBR to retest shorthand, typing speed of officials; gives 60 days deadline

ISLAMABAD: Federal Board of Revenue (FBR) has observed that lethargy of officials working as assistant private secretaries and steno typists is causing problems in speedy and efficient disposal of work. The FBR... Read more »

Deposits of Islamic banks grow by 18.8 percent to Rs2,415 billion

KARACHI: Deposits of Islamic banking system has increased by 18.8 percent to Rs2,415 billion by end-June 2019 as compared with Rs2,033 billion a year ago, State Bank of Pakistan (SBP) said on... Read more »

FBR allows refund, adjustment under abolished sales tax special procedure

ISLAMABAD: Federal Board of Revenue (FBR) has allowed refund and adjustment that are stuck up as sales tax special procedure was abolished through Finance Act, 2019. Read more »