FBR upgrades data entry operators to BS-14

ISLAMABAD: Federal Board of Revenue (FBR) has upgraded the post of Data Entry Operators (DEOs) to BS-14 from BS-12 following the approval of the finance ministry. Read more »

FBR to impose penalty for not printing retail price on imported goods

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that printing of retail price on imported consumer items is mandatory and any violation by importer/manufacturer will attract fine and penalty. Read more »

USC takes measures to ensure transparency in PM relief package

KARACHI: Utility Stores Corporation (USC) has taken all measures to ensure transparency in provision of subsidized items under the Prime Minister Relief Package, a top official said. “Our investigation teams are working... Read more »

SBP imposes penalty on five banks for violation

KARACHI: State Bank of Pakistan (SBP) has imposed monetary penalty on five banks including Summit Bank, Habib Metropolitan Bank, MCB Bank, National Bank of Pakistan and Bank Alfalah for violating regulatory environment. Read more »

FPCCI demands uninterrupted gas supply to meet export targets

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday urged the government to allow gas connections to new industrial units and uninterrupted gas supply to existing units in order... Read more »

Stock market remains flat despite selling activity

KARACHI: The stock market remained flat on Tuesday amid selling activity during the day. Read more »

Rupee ends unchanged amid high dollar demand

KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday amid high demand for import and corporate payments. Read more »

LTU Karachi collects Rs688 billion, registers 15% growth in first half

KARACHI: Large Taxpayers Unit (LTU) Karachi has collected Rs688 billion during first six months (July – December) of 2019/2020 as against Rs598 billion in the corresponding period of the last fiscal year,... Read more »

Profit on debt above Rs36 million to be treated as normal tax

KARACHI: The rate of tax on profit on debt above Rs36 million shall be treated as normal tax rate, tax officials said on Tuesday. Read more »

Determination of fair market value explained

KARACHI: The fair market value of assets shall be the value of property in open market at the time of purchase, sources in Federal Board of Revenue (FBR) said. Read more »

Sindh launches action against builders for illegal construction

KARACHI: The Sindh government has directed authorities to initiate stern action against builders involved in construction of illegal construction of buildings. Read more »