FBR constitutes committees to remove anomalies in Finance Bill 2020

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday constituted two committees for identifying and removing anomalies in the Finance Bill, 2020. The FBR issued two separate notifications for constituting the committees, which... Read more »

Restriction imposed on revising wealth statement

KARACHI: Taxpayers have been barred from revising their wealth statement after expiry of five years. An amendment has been proposed to Income Tax Ordinance, 2001 through Finance Bill, 2020. According to interpretation... Read more »

Concealed income to be added under business income

KARACHI: The Finance Bill 2020 has proposed amendment to laws pertaining to concealed income. Under the amendment the identified concealed income to be added under head of business income. The Finance Bill... Read more »

Stock market gains 194 points as energy sector recovers

KARACHI: The stock market gained 194 points on Tuesday as energy sector staged recovery on improved international oil prices. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,019 points... Read more »

Rupee eases against dollar on import payment demand

KARACHI: The Pak Rupee eased against dollar on Tuesday amid higher demand of the foreign currency for import and corporate payments. The rupee ended Rs164.88 to the dollar from previous day’s closing... Read more »

Punjab announces tax payment relaxation to property, motor vehicle

LAHORE: The Punjab government has announce special relaxation on payment of tax for immovable properties and motor vehicle for financial year 2020/2021. According to Punjab Finance Bill, 2020 following special relaxations have... Read more »