FBR grants Rs2.42 billion as income tax concession to teachers, researchers

ISLAMABAD: Federal Board of Revenue (FBR) has granted tax concession to the tune of Rs2.42 billion on the income of teachers and researchers. The tax has been granted during the tax year 2019/2020. Officials at the FBR said that the tax concession was granted under reduction in tax rates. The officials said that another amount […]

by Mrs. Anjum Shahnawaz

Jul 25

Auction

FBR stops public auction of confiscated foreign origin cigarettes

ISLAMABAD: Federal Board of Revenue (FBR) has stopped public auction of foreign origin smuggled cigarettes as those goods do not comply with the national health regulations. In a statement issued on Saturday, the FBR clarified that the auction of confiscated smuggled cigarettes of foreign origin have been stopped which were earlier decided to hold by […]

by Mrs. Anjum Shahnawaz

Weekly Review: market likely maintain buoyancy

Jul 25

Stock & Commodity

Weekly Review: market likely maintain buoyancy

KARACHI: The stock market likely to maintain upward trend as many corporate entities set to declare better results. Analysts at Arif Habib said that with commencement of the result season certain sectors / scrips may come under limelight in the upcoming week. Although pre-Eid jitters cannot be ruled out amid profit-taking at current levels. However, […]

by Mrs. Anjum Shahnawaz

Jul 25

Stock & Commodity, Taxation

PSX to collect 3pc income tax on payments to non-residents

The Pakistan Stock Exchange (PSX) has been mandated to apply a reduced rate of three percent income tax on payments to non-residents, according to officials from the Federal Board of Revenue (FBR).

by Mrs. Anjum Shahnawaz