ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs960 billion in the first quarter of current fiscal year 2019/2020, which is about 90 percent of the target for the quarter, Syed Shabbar Zaidi, Chairman, FBR said on Monday. In a message on social media, he said that tax collection up to 90 percent of […]
ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements for tax year 2019 up to October 31, 2019, according to a notification issued on Monday. The FBR issued Circular No. 14/2019 to extend the last date for filing income tax returns from September 30, 2019 […]
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) proposed to make it mandatory for securities brokers to file monthly statements of net capital balance and liquid capital. The SECP issued draft amendments to the Securities Brokers (Licensing and Operations) Regulations, 2016 issued on Monday. The regulator invited suggestions from the stakeholders within 14 days of […]
KARACHI: The share market gained eight points on Monday in a mixed trading activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,079 points as against 32,070 points showing an increase of 8 points. Analysts at Arif Habib Limited said that the first day of the week coincided with last day of […]
KARACHI: The Pak Rupee fell by 19 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended at Rs156.37 to the dollar from last Friday’s closing of Rs156.18 in interbank foreign exchange market. The currency dealers said that the local currency was remained under pressure at […]
ISLAMABAD: Federal Board of Revenue (FBR) may extend the date for filing income tax returns and wealth statements for tax year 2019 due to delay in issuance of return forms and considering problems faced by taxpayers in filing returns. The last date for filing annual income tax returns is September 30, 2019 for salaried persons, […]
KARACHI: An importer in case of failure to pay import duty or other taxes within specified time then the importer shall be liable to pay surcharge at the rate of KIBOR + 3 percent on the due charges. According to Customs Act, 1969 updated June 30, 2019 issued by Federal Board of Revenue (FBR), the […]