FBR notifies major reshuffle; 43 BS-19-21 IR officers transferred

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday notified major reshuffle of senior Inland Revenue officers and transferred/posted 43 officers of BS-19 to BS-21 with immediate effect and until further orders. The following officers have been transferred and posted in the latest reshuffle: 01. Mrs. Attiya Naheed Hakeem (Inland Revenue Service/BS-21) has been transferred and […]

by Mrs. Anjum Shahnawaz

FBR updates withholding tax rates for income from property

Aug 8

Taxation

FBR updates withholding tax rates for income from property

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax on rental income from immovable properties for tax year 2021. The FBR updated the withholding tax card 2020-2021 after incorporating amendments to Income Tax Ordinance, 2001 made through Finance Act, 2020. The FBR said that every prescribed persons as per Section 155 of Income Tax […]

by Mrs. Anjum Shahnawaz

Aug 8

Stock & Commodity

Weekly Review: market likely stay positive as lockdown ends

KARACHI: The stock market likely stay positive during next week as smart lockdown is officially ending from Monday August 10, 2020, analysts said. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week. With smart lockdown officially ending on Monday, investor sentiment is set to be positive, although this […]

by Mrs. Anjum Shahnawaz

Withholding income tax rates for exporters updated

Aug 8

Taxation

Withholding income tax rates for exporters updated

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding income tax rates for exporters for tax year 2021. The FBR updated withholding tax card for 2020/2021 after incorporating amendments made to Income Tax Ordinance, 2001 brought through Finance Act, 2020. Under Section 154 of Income Tax Ordinance, 2001 every authorized dealer in foreign exchange required […]

by Mrs. Anjum Shahnawaz

Aug 8

Money & Banking

Rupee gains 25 paisas against dollar

KARACHI: The Pak Rupee gained 25 paisas against dollar on Friday owing to improved foreign exchange reserves of the country. The rupee ended Rs167.88 to the dollar from previous day’s closing of Rs168.13 in interbank foreign exchange market. Currency experts said that the rupee made recovery for second consecutive day owing to improved inflows of […]

by Mrs. Anjum Shahnawaz