Corporate RTO Karachi to hold e-Katcheri

KARACHI: Corporate Regional Tax Office (CRTO) Karachi to conduct public e-Katcheri for efficient service delivery and ensure public trust, sources said on Tuesday. The program has been launched in compliance with the... Read more »

FBR appreciates services of Nausheen Amjad

ISLAMABAD: The senior officers of Federal Board of Revenue (FBR) on Tuesday appreciated the services of Ms. Nausheen Javaid Amjad as FBR chairperson. Ms. Nausheen Javed was transferred from the post of... Read more »

SBP extends deferment of principal amount facility till September 30

KARACHI: State Bank of Pakistan (SBP) has decided to extend the deferment of principal amount facility up till September 30, 2020, a statement said on Tuesday. The central bank said that considering... Read more »

FBR extends date for submitting Annex-H to claim refund

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday allowed taxpayers to submit their stock position for the period July–January 2019/2020 up to July 31, 2020 in order to claim sales tax refunds... Read more »

Share market gains 171 points in mixed trading activity

KARACHI: The share market gained 171 points on Tuesday in a mixed trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,373 points as against... Read more »

Rupee weakens by 23 paisas on demand for import payments

KARACHI: The Pak Rupee weakened by 23 paisas on Tuesday owing to demand for import and corporate payments. The rupee ended at Rs166.95 to the dollar from previous day’s closing Rs166.72 in... Read more »

Javed Ghani assumes charge of FBR chairman

ISLAMABAD: Muhammad Javed Ghani has assumed additional charge of chairman Federal Board of Revenue (FBR) on Tuesday after removal of Ms. Nausheen Javed Amjad from the post of FBR chairperson. A notification... Read more »

Government borrowing from commercial banks rises to Rs2,413 billion in 2019/2020

KARACHI: The federal government has borrowed Rs2,413 billion from commercial banks during fiscal year 2019/2020 as against retirement of Rs771.6 billion in the preceding fiscal year, according to statistics released by State... Read more »

Finance Act 2020: Amended list of persons required to file annual income tax return

ISLAMABAD: Persons falling under final tax regime are now required to file annual income tax returns. In this regard amendment has been made through Finance Act, 2020. Officials at the Federal Board... Read more »

FBR imposes restriction on deduction of profit on debt payable to associated enterprise

ISLAMABAD: Federal Board of Revenue (FBR) has imposed restriction on deduction of profit on debt payable to associated enterprise in order to comply with OECD action on profit shifting. The restriction has... Read more »