So far 30 FBR officials die of coronavirus

ISLAMABAD: So far 30 officials of Federal Board of Revenue (FBR) have died of coronavirus, including a BS-22 officer of customs service. This was disclosed by FBR in a statement issued on... Read more »

Banks directed to observe extended working hours on June 30 to facilitate tax payment

KARACHI: State Bank of Pakistan (SBP) has directed commercial banks to observe extended working hours June 30, 2020 to facilitate taxpayer in payment of duty and taxes. In a notification issued on... Read more »

KCCI submits recommendations to rectify anomalies in Finance Bill 2020

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has submitted its recommendations for rectification of anomalies in the Finance Bill, 2020. The KCCI in a communication on Friday with the Chairmen/Co-Chairmen of... Read more »

FBR exempts sales tax on import of 61 medical equipments

ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced sales tax exemption on import of 61 medical equipments, which are important to fight against COVID-19. The FBR issued SRO 555(I)/2020 to grant... Read more »

No date extension for sales tax payment, return filing: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Friday clarified that it has not granted any extension in filing sales tax / federal excise returns. In a statement the FBR said that no... Read more »

Stock market falls by 101 points on re-imposition of lockdown

KARACHI: The stock market fell by 101 points on Friday as re-imposition of lockdown dimmed prospects of quick economic recovery. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,439... Read more »

Rupee weakens by 29 paisas on foreign payment

KARACHI: The Pak Rupee depreciated by further 29 paisas to the dollar on Friday owing to higher demand of the foreign currency for import and corporate payments. The rupee ended at Rs166.64... Read more »

Pakistan spends Rs179 billion for mobile phone import

ISLAMABAD: Pakistan has spent over Rs179 billion for import of mobile phones during July – May 2019/2020, which is 90 percent higher than the same period of the last fiscal year. According... Read more »

SBP develops regulatory framework for cross border e-commerce

ISLAMABAD: State Bank of Pakistan (SBP) has developed regulatory framework for facilitation of cross border B2C e-commerce. However, this will be adopted after integration with the e-Commerce to be developed by Federal... Read more »

FBR urged to extend date for tax amnesty payment

KARACHI: Karachi Tax Bar Association (KTBA) has urged Federal Board of Revenue (FBR) to extend the date for making payment for amnesty scheme declarants. The KTBA in a letter to FBR chairperson... Read more »