FBR advised tracing unregistered persons instead collecting further tax

KARACHI: Federal Board of Revenue (FBR) has been urged to trace unregistered persons instead collecting three percent further sales tax on local supplies. Karachi Chamber of Commerce and Industry (KCCI) in its... Read more »

Equity market gains 386 points as banks attract investors

KARACHI: The equity market gained 386 points on Tuesday as banking sector attracted attention of investors. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,408 points as against 34,022... Read more »

Rupee further weakens by 81 paisas against dollar

KARACHI: The Pak Rupee further weakened by 81 paisas against dollar on Tuesday owing to higher demand for import and corporate payments, dealers said. The rupee closed at Rs164.89 to the dollar... Read more »

Honda Cars declares 82 percent decline in annual profit

KARACHI: Honda Atlas Cars (Pakistan) Limited has posted 82 percent decline in annual profit for the period ended March 31, 2020, said a notification on Tuesday. The car manufacturing company declared Rs682... Read more »

Above 120,000 income tax returns added to ATL during lockdown

ISLAMABAD: The tax authorities have received above 120,000 income tax returns since launch of new Active Taxpayers List (ATL) on March 01, 2020 and during ongoing lockdown to prevent spread of coronavirus,... Read more »

Sindh Revenue Board announces tax incentive package

KARACHI: Sindh Revenue Board (SRB) has announced tax incentive scheme and waived up to 100 percent penalty amount on payment of outstanding amount, said a statement on Monday. The SRB said that... Read more »