Provincial registered taxpayers require to pay advance income tax

KARACHI: Persons registered for sales tax with the provincial revenue authorities are required to pay advance income tax to Federal Board of Revenue (FBR) on the basis turnover declared before the provincial... Read more »

ECC constitutes price negotiation committee for TAPI gas pipeline project

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the constitution of Price Negotiation Committee (PNC) for TAPI(Turkmenistan-Afghanistan-Pakistan-India) Gas pipeline project. Read more »

FBR establishes help desks for resolving issues in automated sales tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday established help desks at various Regional Tax Offices (RTOs) and Large Taxpayers Units (LTUs) in order to facilitate taxpayers regarding resolving issues pertaining to... Read more »

Exporters missing shipping deadline due to transporters’ strike: APTMA

KARACHI: All Pakistan Textile Mills Association (APTMA) on Wednesday said exporters are missing shipment deadline due to transporters’ strike. Read more »

Stock market declines by 547 points on Iran attack on US bases

KARACHI: The stock market fell by 547 points on Wednesday following Iran attack on US bases in Iraq. Read more »

Rupee falls by seven paisas on import, corporate demand

KARACHI: The Pak Rupee further depreciated by seven paisas against dollar on Wednesday owing to higher import and corporate demands, dealers said. Read more »

FPCCI, KCCI sit together after long time

KARACHI: Members of Pakistan Federation of Chambers and Commerce and Industry (FPCCI) and Karachi Chamber of Commerce and Industry (KCCI) on Wednesday sit together after defeat of SM Muneer led group in... Read more »

Amended payment procedure for imported vehicles issued

ISLAMABAD: The ministry of commerce has issued notification to implement amendment payment procedure for customs clearance of imported motor vehicles. Read more »

SECP drafts framework to facilitate startups in Pakistan

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued draft regulatory framework to facilitate startups in the country. Read more »

Up to 75% capital gain tax exempt on immovable property sale

KARACHI: The government has exempted capital gain tax up to 75 percent in case an immovable property sold by government employees of army personnel after completion of three years. Read more »

Federal budget 2020/2021 tentative schedule issued for May

ISLAMABAD: The government is planning to present federal budget 2020/2021 in the cabinet and the parliament in the month of May this year. Read more »