Oct 26

Business community resents detaining export containers ahead of political dharna

KARACHI: Business community has resented the government move to detain export containers ahead of political rally and Dharna (sit-in) and said it will result in massive trade loss. Muhammad Jawed Bilwani, Chairman Pakistan Apparel Forum stated that the country’s politics must not affect the trade and exports of Pakistan all the exports and cargo containers […]

by Mrs. Anjum Shahnawaz

Sales tax officers authorized to attach immovable property of defaulters

Oct 26

Taxation

Sales tax officers authorized to attach immovable property of defaulters

KARACHI: Federal Board of Revenue (FBR) has authorized officers of Inland Revenue to attach immovable property of a sales tax defaulter for recovery of amount. According to Rule 112 of Sales Tax Rules, 2006, attachment of the immovable property of the defaulter shall be made, by the recovery officer, by an order prohibiting the defaulter […]

by Mrs. Anjum Shahnawaz

Preventive Karachi announces auction of used vehicles on Oct 29

Oct 26

Pakistan Customs

Preventive Karachi announces auction of used vehicles on Oct 29

The Model Customs Collectorate (MCC) Preventive, Karachi, has declared an auction of used vehicles scheduled to take place on October 29, 2019, at various locations.

by Mrs. Anjum Shahnawaz

Oct 26

Stock & Commodity

Weekly Review: stock market likely to remain range bound on political uncertainty

KARACHI: The stock market likely to remain range bound during next week due to political uncertainty with JUI-F to hold “Azadi March”. Analysts at Arif Habib Limited said that on the economic front, narrowing current account deficit and improving foreign reserves serves as a good omen for overall confidence in the market. With the result […]

by Mrs. Anjum Shahnawaz

FBR receives 0.92 million income tax returns by Oct 25

Oct 26

Taxation

FBR receives 0.92 million income tax returns by Oct 25

ISLAMABAD: Federal Board of Revenue (FBR) received 0.92 million income tax returns for tax year 2019 by October 25, 2019, Syed Shabbar Zaidi, Chairman, FBR said on Friday. He said that the income tax return filing has registered growth of 58 percent so far. According to data of Pakistan Revenue Automation Private Limited (PRAL) the […]

by Mrs. Anjum Shahnawaz

FBR bans direct interaction of officials with business community

Oct 26

Taxation

FBR bans direct interaction of officials with business community

ISLAMABAD: Federal Board of Revenue (FBR) has banned direct interaction of its officials with business community from November 01, 2019. In a tweet FBR chairman Syed Shabbar Zaidi on Friday said that from November 01, 2019 strict enforcement would be made against unauthorized interaction between FBR staff and business community. The FBR chairman urged the […]

by Mrs. Anjum Shahnawaz