May 20, 2024

Pkrevenue.com

Pakistan Revenue

Month: October 2019

Pakistan, China agree FTA 2nd phase to lead more trade, investment opportunities
Oct 8
National

Pakistan, China agree FTA 2nd phase to lead more trade, investment opportunities

ISLAMABAD: The leaders of Pakistan and China on Tuesday agreed that the implementation of the 2nd phase of China-Pakistan Free Trade Agreement (FTA) would lead to more trade, economic and investment opportunities between the two countries. Other areas of potential collaboration discussed between the two sides included railways, steel, oil and gas, industry and science […]

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Rupee ends down by five paisas in dull trading
Oct 8
Money & Banking

Rupee ends down by five paisas in dull trading

KARACHI: The Pak Rupee ended down by five paisas against dollar on Tuesday in dull trading activities in foreign currency market. The rupee ended Rs156.46 to the dollar from previous day’s closing of Rs156.41 in interbank foreign exchange market. Currency dealers said that the market activities were remained dull as the exchange rate was remained […]

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Unregistered prize bonds worth Rs206 billion surrendered on discontinuation announcement
Oct 8
Money & Banking

Unregistered prize bonds worth Rs206 billion surrendered on discontinuation announcement

KARACHI: An amount of around Rs206 billion has been surrendered following the government announcement of discontinuation the circulation of unregistered prize bonds of Rs40,000 denomination. According to information received to PkRevenue.com, the total investment in unregistered Rs40,000 denomination prize bonds fell to Rs52.46 billion by August-end 2019 as compared with Rs258 billion in May 2019. […]

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Lahore Customs Intelligence announces auction of vehicle on Oct 15
Oct 7
Pakistan Customs

Lahore Customs Intelligence announces auction of vehicle on Oct 15

ISLAMABAD: Directorate of Intelligence and Investigation (Customs), Lahore announced auction of vehicles to be held on October 15, 2019 at State Warehouse of the directorate. The directorate will announced auction of following vehicles: 01. BMW Car 745i, Model 2003, Chassis No. WBAGL22000DP38322 02. Honda Accord Car CL-9, Model 2002, Chassis No. CL9-1000417 03. Toyota Mark-X […]

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No income tax on employee share schemes
Oct 7
Taxation

No income tax on employee share schemes

KARACHI: Federal Board of Revenue (FBR) has said that the value of a right or option to acquire shares under an employee share scheme granted to an employee shall not be chargeable to tax. The FBR issued Income Tax Ordinance, 2001 up to June 30, 2019 under which it explained the taxability on employee share […]

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Bashirullah Khan given anti-benami initiative charge
Oct 7
Taxation

Bashirullah Khan given anti-benami initiative charge

ISLAMABAD: Federal Board of Revenue (FBR) on Monday assigned additional charge of Director General Anti-Benami Initiative to Dr. Bashirullah Khan, a BS-21 officer of Inland Revenue Service (IRS). The FBR notified posting and transfers of following officers of IRS: 01. Dr. Bashirullah Khan (Inland Revenue Service/BS-21) who is currently posted as Chief Commissioner-IR, Regional Tax […]

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