SRB extends date for sales tax payment, return filing

KARACHI: Sindh Revenue Board (SRB) has extended date for payment and filing sales tax return for the month of May 2020. The SRB issued a notification extending the last date for e-deposit... Read more »

Customs barred from auction of cigarettes without health warning

ISLAMABAD: Customs authorities have been barred from auction of confiscated cigarettes without printed health warning. The Federal Board of Revenue (FBR) on Tuesday issued draft amendment to Customs Rules 2001. In this... Read more »

Stock market gains 315 points amid thin volumes

KARACHI: The stock market gained 315 points on Tuesday amid thin volumes because of fiscal year end. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,053 points as against... Read more »

Rupee plummets by Rs1.06 on dollar demand for import payments

KARACHI: The Pak Rupee fell Rs1.06 against dollar on Tuesday owing to higher import and corporate demand. The rupee ended Rs167.65 to the dollar from previous day’s closing of Rs166.59 in interbank... Read more »

Sindh exempts sales tax on life insurance service

KARACHI: Sindh government has exempted sales tax on services provided by life insurance companies for full fiscal year i.e. July 01, 2019 to June 30, 2020. Sindh Revenue Board (SRB) issued notification... Read more »

German financial institution shows interest to acquire 20pc stake in TPL Insurance

KARACHI: A Germany based development finance institution has shown interest to acquire 20 percent stake in TPL Insurance Limited, a statement said on Tuesday. According to an announcement on Pakistan Stock Exchange... Read more »

Restoration of multiple years audit to burden taxpayers

KARACHI: Business community has criticized the government for eliminating condition of conducting audit once in three-year period. Overseas Investors Chamber of Commerce and Industry (OICCI) highlighted anomalies in the Finance Bill 2020,... Read more »

Foreign investors express concerns on proposed rates for imported raw materials

KARACHI: Foreign investors have raised concerns over the proposed tax rates on import of raw materials. Overseas Chamber of Commerce and Industry (OICCI), which is represented of foreign investors and multinational companies... Read more »