CNIC condition on sales up to Rs100,000 relaxed to facilitate retailers: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that the retailers are not required to maintain information of Computerized National Identity Card (CNIC) of a consumer on sales not exceeding above Rs100,000.... Read more »

Withholding tax rates on prizes, winnings updated

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rate on prizes and winnings for tax year 2021. The FBR issued withholding tax card 2020-2021 updated up to (June 30, 2020)... Read more »

NBP makes payment realization mandatory for goods clearance; FPCCI fears delays

KARACHI: Payment realization against financial instruments has been made mandatory for clearance of imported goods from August 10, 2020. In this regard National Bank of Pakistan (NBP) has issued necessary instructions to... Read more »