PM directs providing all possible incentives in budget 2020/2021

ISLAMABAD: Prime Minister Imran Khan on Monday directed the authorities to provide all possible incentives in budget 2020/2021 to industry for job creations and moving the wheels of the economy. The prime... Read more »

LTU Karachi auditor awarded ‘removal from service’

ISLAMABAD: Federal Board of Revenue (FBR) has awarded major penalty of ‘removal from service’ on an auditor (BS-18) posted at Large Taxpayers Unit (LTU) Karachi for inefficiency and misconduct. A notification issued... Read more »

FBR starts digital scrutiny of taxpayers’ information

ISLAMABAD: The Federal Board of Revenue (FBR) has established Tax Information Processing Unit (TIPU) for utilization of information available at multiple databases of the tax authorities. According to an office order issued... Read more »

Stock market gains 90 points in mixed trading

KARACHI: The stock market gained 90 points on Monday in mixed trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,022 points as against 33,931... Read more »

Headline inflation increases by 8.2 percent in May

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.2 percent on year-on-year basis in May 2020 as compared to an increase of 8.5 percent in the previous month... Read more »

Rupee weakens by 98 paisas on import payment demand

KARACHI: The Pak Rupee weakened by 98 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee closed at Rs164.08 to the dollar from... Read more »

Bilingual one-page income tax return form advised

KARACHI: Federal Board of Revenue (FBR) has been advised to make one-page simple income tax return form and that should be available in Urdu and English to facilitate taxpayers. In its proposals... Read more »

All income tax audit selections should bring under one provision

KARACHI: Federal Board of Revenue (FBR) has been urged to eliminate audit selection under various provisions of Income Tax Ordinance, 2001 for the confidence building of taxpayers. Karachi Chamber of Commerce and... Read more »

Govt. slashes petroleum prices up to 25 percent

ISLAMABAD: The government has reduced up to 25 percent the consumer prices of petroleum products for the month of June 2020. A statement on Sunday said that price up to 25 percent... Read more »