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 Friday. It said that the FBR arranged a eulogy in remembrance of martyred officers and staff due to coronavirus / Covid-19. On this […]
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 Friday, the SBP said that in order to facilitate the collection of government receipts / duties / taxes, it has been decided that […]
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 the Anomaly Committees formed by the Federal Board of Revenue (FBR), has pointed out anomalies in the Finance Bill 2020-2021 presented by the […]
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 exemption on the medical equipments for a period of three months. Previously, the FBR granted exemption on various medical equipments through SRO 237(I)/2020 […]
The Federal Board of Revenue (FBR) issued a clear and unequivocal statement on Friday, dispelling any rumors of an extension in the filing of sales tax and federal excise returns.
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 points as against 33,540 points showing a decline of 101 points. Analysts at Arif Habib Limited said that the market remained range bound […]
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 to the dollar from previous day’s closing of Rs166.35 in interbank foreign exchange market. Currency dealers said that the market witnessed demand for […]
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 to Pakistan Bureau of Statistics (PBS), the country imported mobile phones worth Rs179 billion during first eleven months of the current fiscal year, […]
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 Board of Revenue (FBR) in WeBOC (Web Based One Customs). The officials of SBP shared this information at the second meeting of National […]
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 on Thursday pointed out that the due date of payment of tax under section 6 of the Assets Declaration Ordinance, 2019 (“ADO, 2019”), […]