ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday urged people having taxable income to file their income tax returns on or before February 28, 2020. The FBR said persons having annual income of Rs400,000 must submit their annual tax returns for tax year 2019. The tax body urged people to file annual income tax returns […]
KARACHI: Exporters expressed concerns that their liquidity may be taken away by the government in shape of sales tax worth billions of rupees as Federal Board of Revenue (FBR) has failed to achieve its revenue collection target. Mian Anjum Nisar, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that the exporters fear […]
KARACHI: The stock market witnessed decline of another 520 points on Wednesday owing to selling pressure. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,338 points as against 38,858 points showing a decline of 520 points. Analysts at Arif Habib Limited said that the market observed continuation of downward trend today with […]
KARACHI: Taxpayers are not able to file their annual income tax returns for tax year 2019 as official portal of Federal Board of Revenue (FBR) is remained offline for past several hours on Wednesday. The taxpayers, who failed to avail past timelines for filing their income tax returns for tax year, were trying to open […]
KARACHI: The Pak Rupee ended unchanged against dollar on Wednesday amid demand for import and corporate payments. The rupee ended Rs154.25 to the dollar, same previous day’s closing in interbank foreign exchange market. Currency dealers said that the market witnessed demands for dollars from importers and corporate buyers. However, inflows of remittances and export payments […]
KARACHI: The net profit of Pakistan Stock Exchange (PSX) has surged by 132 percent during six-month period ended December 31, 2019. The stock exchange announced its half year results for the period ended December 31, 2019 on Wednesday. The net profit of the market increased to Rs120.5 million during July – December 2019 as compared […]
KARACHI: The net profit of Oil and Gas Development Company Limited (OGDCL) fell to Rs53.184 billion for the six-month period ended December 31, 2019. According to financial results for the six-month period ended December 31, 2019 announced on Wednesday, the after tax profit for the same period in last year was Rs56.75 billion. The company […]
KARACHI: The official website of Federal Board of Revenue (FBR) is not available online for the past few hours creating problems for income tax return filers as the date is expiring after two days. The official website https://www.fbr.gov.pk/ is not available online for the past few hours as the site showing massages of runtime error […]
KARACHI: Pakistan Petroleum Limited (PPL) has announced 21 percent decline in after tax profit for half-year period ended on December 31, 2019. According to financial results submitted to Pakistan Stock Exchange (PSX) on Tuesday, the company declared net profit of Rs24.55 billion for the half year ended December 31, 2019 as compared with Rs31.04 billion […]
ISLAMABAD: The ministry of finance has advised Federal Board of Revenue (FBR) to enhance monitoring and enforcement in order to achieve annual targets. The finance ministry in a report said that the FBR revenue target for FY 2019-2020 is very challenging, unprecedented and all time high, keeping in view previous year’s allocations and actual collections. […]