Hafeez Shaikh assures business community of presenting relief budget

KARACHI: Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue, has said that the upcoming budget 2020/2021 will be a relief budget and most of the recommendations of business... Read more »

Stock market gains 399 points on positive sentiments

KARACHI: The stock market gained 399 points on Monday as positive sentiment prevailed due to higher international oil prices and expected cut in duty and taxes on imported raw material. The benchmark... Read more »

Rupee depreciates by 32 paisas on import payment demand

KARACHI: The Pak Rupee depreciated by 32 paisas against dollar on Monday owing to higher demand for foreign currency on opening of the market after two weekly holidays. The rupee ended Rs163.62... Read more »

APTMA demands gas tariff reduction up to 40 percent

KARACHI: All Pakistan Textile Mills Association (APTMA) on Monday demanded the government of reducing gas tariff by 35-40 percent for export oriented sectors in line with significant deline in international oil prices.... Read more »

Tax officials’ power to select income tax return for audit should be withdrawn

KARACHI: Tax practitioners have recommended that the selection of income tax returns for audit should be rest only with the Federal Board of Revenue (FBR) and powers of commissioner in this regard... Read more »

Online verification of tax withheld should be available

KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to ensure verification of tax withheld on the IRIS portal in order to facilitate taxpayers in making adjustment or claiming refunds.... Read more »