KTBA seeks FBR clarification on tax ordinance

KARACHI: Karachi Tax Bar Association (KTBA) on Monday urged Federal Board of Revenue (FBR) to issue necessary clarification related to issues in recently promulgated tax ordinance. Read more »

Equity market ends down by 2.4% on geo political situation

KARACHI: The equity market fell by 1,027 points or 2.4 percent on Monday due to geo-political and regional security concerns. Read more »

Rupee falls by five paisas on import demand

KARACHI: The Pak Rupee ended down by five paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. Read more »

Achieving 4% GDP growth target unlikely: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that achieving GDP growth target of 4 percent for current fiscal year is unlikely. Read more »

Procedure for conducting audit of transfer pricing cases unveiled

KARACHI: The Director General of International Tax Operations has been empowered to select and conduct transfer pricing audit of cases under section 230E of Income Tax Ordinance 2001. Read more »

Rupee falls nine paisas in early day trading

KARACHI: The Pak Rupee fell by nine paisas against dollar in early trade on Monday owing to higher demand for import and corporate payments. Read more »

Traders associations nominate representatives to determine turnover for tax registration

ISLAMABAD: Traders associations has nominated their representatives for determination of business turnover for mandatory tax registration. Read more »

Baggage false declaration to be treated as smuggled goods

KARACHI: Any misdeclaration or false declaration of baggage carrying by passengers or crew members shall be treated as smuggled goods and penalties will be applicable related to smuggled goods. Read more »