FBR warns sellers against using CNICs of employees to fulfill condition

ISLAMABAD: Federal Board of Revenue (FBR) has warned sellers against using CNIC/NTN of their employees to fulfill condition in case supplies made to unregistered persons. Read more »

Rupee falls by 18 paisas on import, corporate payments

KARACHI: The Pak Rupee depreciated by 18 paisas against dollar on Friday owing to higher demand for import and corporate payments. Read more »

Stock market gains 281 points on buying activities

KARACHI: The stock market gained 281 points on Friday owing to buying activities seen in various sectors. Read more »

SBP imposes Rs1,123 million penalty on commercial banks for violating rules, regulations

KARACHI: State Bank of Pakistan (SBP) has imposed penalty to the tune of Rs1,123 million during first quarter (July – September) of current fiscal year 2019/2020 for violating rules and regulations. Read more »

FBR imposes major penalty on senior auditor for obtaining nationality of another country

ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty of ‘compulsory retirement’ upon a senior auditor for obtaining citizenship of another country and for visiting abroad by concealing facts of his... Read more »

FBR issues computation of taxable income for tax year 2020

KARACHI: Federal Board of Revenue (FBR) has issued computation of taxable income for the tax year 2020 (July 01, 2019 to June 30, 2020). Read more »