May 8, 2024

Pkrevenue.com

Pakistan Revenue

Month: October 2019

Rupee gains 13 paisas on inflows
Oct 7
Money & Banking

Rupee gains 13 paisas on inflows

KARACHI: The Pak Rupee gained 13 paisas against dollar owing to inflows of export receipts and remittances, dealers said on Monday. The rupee ended Rs156.41 to the dollar from last Friday’s closing of Rs156.54 in interbank foreign exchange market. The currency dealers said that the market opened with pressure on the local currency. However, inflows […]

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FATF APG issues evaluation report on Pakistan
Oct 7
Finance

FATF APG issues evaluation report on Pakistan

KARACHI: Asia Pacific Group (APG) of Financial Action Task Force (FATF) on money laundering has released its mutual evaluation report on October 02, 2019, where the group has discussed measures in place in Pakistan during onsite visit conducted in October 2018. Analysts at Topline Research said that according to recently released report by APG, out […]

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PSX suspends trading of two insurance companies
Oct 7
Corporate, Stock & Commodity

PSX suspends trading of two insurance companies

KARACHI: Pakistan Stock Exchange (PSX) has suspended trading of two insurance companies for violating regulations and stopping commercial activities. In a notice issued on Monday, the stock exchange said pursuant to the directive received from Securities and Exchange Commission of Pakistan (SECP) through on October 04, 2019, following companies in the public interest, shall remain […]

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Preventive Peshawar announces auction of confiscated vehicles on October 08
Oct 7
Pakistan Customs

Preventive Peshawar announces auction of confiscated vehicles on October 08

ISLAMABAD: Model Customs Collectorate (MCC) Preventive, Peshawar has announced auction of confiscated vehicles on October 08, 2019 at warehouses located at Peshawar/F.C/ Airport/Nowshera/Mardan/DryPort and Abbottabad. The following vehicles will be presented for the auction: State Warehouse Peshawar 01. Mercedes Benz (Bullet Proof) Model 1982, Chassis No. WDB-12603312037551 02. Mercedez Benz Truck Model 1995, Chassis No. […]

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FBR issues salary tax card for Tax Year 2020
Oct 6
Taxation

FBR issues salary tax card for Tax Year 2020

KARACHI: Federal Board of Revenue (FBR) has issued salary tax card for tax year 2020 after incorporating changes brought through Finance Act, 2019 to Income Tax Ordinance, 2001. The FBR issued Income Tax Ordinance, 2001 updated till June 30, 2019 under which tax rates for salary persons would be applicable from July 01, 2019 to […]

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SBP governor emphasizes on rapid digitization of payments; cash payments major hurdle in documentation of economy
Oct 5
Money & Banking

SBP governor emphasizes on rapid digitization of payments; cash payments major hurdle in documentation of economy

KARACHI: Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) has said that cash payments are major hindrance in documentation of economy and stressed the need for rapid digitization of payment system. The SBP governor was addressing on Saturday at a workshop titled ‘Digital Payments Reforms’ organized by the central bank in collaboration with the […]

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