Sales tax rates on services provided by goods transportation

KARACHI: Sindh Revenue Board (SRB) has issued updated working tariff for tax year 2020 and notified sales tax rates on services provided or rendered by persons engaged in inter-city transportation. Read more »

Telenor, Jazz awarded Rs680 million next generation broadband project

ISLAMABAD: The Ministry of Information Technology on Wednesday approved award of contracts to Telenor and PMCL (Jazz) worth Rs680 Million in total for Kurram and Sanghar Lots. Read more »

Stock market ends down in mixed trading sessions

KARACHI: The stock market ended down by 65 points on Wednesday in mixed trading sessions during the day. Read more »

Rupee gains eight paisas on export receipts inflows

KARACHI: The Pak Rupee gained eight paisas against dollar on Wednesday owing to improve inflows of export receipts, dealers said. Read more »

FBR estimates 2.77 million returns for tax year 2019 by January 31

ISLAMABAD: Federal Board of Revenue (FBR) has estimated around 2.77 million income tax returns for tax year 2019 to be filed by January 31, 2020, sources said on Wednesday. Read more »

Voluntary tax system fails to generate revenue: FBR

ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has said that voluntary compliance failed to generate revenue. Read more »

Criminal proceeding initiated in sales tax refunds issuance on bogus invoices

KARACHI: Regional Tax Office (RTO)-II Karachi has initiated criminal proceeding against persons involved in obtaining sales tax refunds on fake and flying invoices. Read more »