Desk audit recommended for increasing amount paid with returns

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed concerns over lower than expected tax payment with return despite significant increase in return filing, a report said. Read more »

Companies listing simplified to promote capital formation: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has said amendments have been made to regulations related to Initial Public Offering (IPO) to make listing simplified for promoting capital formation through... Read more »

Banks sign agreement for setting up corporate restructuring company

KARACHI: About 10 banks have signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Limited (PCRCL). Read more »

Stock market crosses 43,000-level after 17 months on buying activities

KARACHI: The stock market crossed 43,000 level after 17 months on Friday following across the board buying activities. Read more »

No advance tax on domestic electricity consumers on billed amount below Rs75,000

KARACHI: The domestic consumers of electricity whose monthly billed amount is below Rs75,000 are not liable to pay advance income tax. Read more »

Rupee gains six paisas on improved economic indicators

KARACHI: The Pak Rupee made gain six paisas against dollar on Friday owing to improved economic indicators. Read more »

Exchange rate determines by market forces: SBP

KARACHI: State Bank of Pakistan (SBP) on Friday said that exchange rate has been determined by market forces on the basis of demand and supply. Read more »

FBR extends date for filing sales tax, federal excise return

KARACHI: Federal Board of Revenue (FBR) on Friday extended the date up to January 13, 2020 for filing sales tax federal excise returns for the month of November 2019. Read more »

Bank deposits increase to record high of Rs14.63 trillion

KARACHI: The deposits of banking system have increased to all time high of Rs14.63 trillion by December 2019, according to data released by State Bank of Pakistan (SBP). Read more »

FBR may fix Rs20,000 per year as income tax for shopkeepers

ISLAMABAD: Federal Board of Revenue (FBR) likely to fix an amount of Rs20,000 per year as income tax for shopkeepers operating business in a covered area up to 150 square feet. Read more »