SRB suspends sales tax registration of Burshane Petroleum

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Burshane Petroleum Private Limited for defaulting payments for eight months and non-compliance of return filing for the same period. Read more »

Overseas Pakistanis to be allowed bring duty-free hybrid vehicles

ISLAMABAD: In order to recognize the services of overseas Pakistanis, the government is considering to allow bringing duty-free hybrid vehicles into the country. Read more »

Inflation cannot be controlled through high policy rate: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday said that inflation in Pakistan is cost push and it cannot be controlled through tight monetary policy stance. Read more »

Only return filers allowed to claim income tax refunds

KARACHI: Only those taxpayers have been allowed to claim income tax refunds, who filed their income tax returns electronically, officials at Federal Board of Revenue (FBR) said. Read more »

Stock market gains 328 points as court proceedings on extension continue

KARACHI: The stock market gained 328 points on Wednesday despite ongoing court proceedings related to tenure extension of the army chief. Read more »

Rupee ends stable amid lower import payment demand

KARACHI: The Pak Rupee ended stable against dollar on Wednesday amid lackluster trading activities. Read more »

Properly filled stock statement to ensure refund in 72 hours: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that property filled stock statement will ensure processing of sales tax refunds within 72 hours. Read more »

Tax return filing not mandatory for widow, orphan, disabled persons

KARACHI: Filing of income tax return is not mandatory for persons including widow, orphan and disabled persons for sole reasons mentioned in the Income Tax Ordinance, 2001. Read more »