FBR urged to resolve input adjustment on payment made through BOAD

KARACHI: Karachi Tax Bar Association (KTBA) on Thursday urged Federal Board of Revenue (FBR) to resolve the input adjustment issue on payment made through Bill of Additional Duty (BOAD). Read more »

Sindh Excise impounds 250 vehicles in campaign against tax defaulters

KARACHI: Sindh Excise and Taxation Department has impounded 250 vehicles in its ongoing campaign against tax defaulting motor vehicles, a statement said on Thursday. Read more »

FBR pays Rs11 billion refunds through FASTER system

ISLAMABAD: Federal Board of Revenue (FBR) has paid sales tax refunds worth Rs11 billion through its newly introduced online system since July 01, 2019. Read more »

Export commitments to be missed on gas supply curtailment: APTMA

KARACHI: All Pakistan Textile Mills Association (APTMA) in a statement on Thursday said that industries will fail to meet export commitments due to 50 percent reduction in gas supply. Read more »

Pakistan’s weekly foreign exchange reserves slip by $60 million

KARACHI: The liquid foreign exchange reserves of the country slipped by $60 million to $17.595 billion by week ended December 20, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

Equity market gains 800 points on buying activities

KARACHI: The equity market registered an increase of 800 points on Thursday due to year end closing that requires financial institutions to manage the equity portfolios to avoid impairments. Read more »

Rupee falls by 17 paisas on import, corporate demand

KARACHI: The Pak Rupee depreciated by 17 paisas against dollar on Thursday owing to higher demand for import and corporate payments, dealers said. Read more »

SBP extends date for implementing machine authenticated Rs50 banknotes

KARACHI: State Bank of Pakistan (SBP) has extended the date for banks regarding issuance of machine authenticated Rs50 banknotes. Read more »

Taxpayers’ bill of rights must be introduced to ensure equality of treatment

KARACHI: Taxpayers need protection against highhandedness and maltreatment of tax officials and in this regard the government should introduce taxpayers’ bill of rights to ensure confidence building of taxpayers. Read more »