New mechanism of case settlement introduced for taxpayers facilitation: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that a new mechanism of settlement of cases has been introduced to facilitate taxpayers. The FBR said that before Finance Act, 2020, a... Read more »

Foreign exchange reserves eases to $19.518 billion

KARACHI: The liquid foreign exchange reserves of the country have declined by $45 million to $19.518 billion by week ended August 07, 2020, State Bank of Pakistan (SBP) said on Thursday. The... Read more »

Tax incentive package: over 4,800 projects of construction industry to get registration

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that it had received overwhelming response to construction industry package and over 4,800 projects have prepared drafts to get registration in the IRIS... Read more »

Stock market ends down by 182 points on profit taking, GIDC decision

KARACHI: The stock market fell by 182 points on Thursday owing to profit taking and the decision of the apex court regarding payment of Gas Infrastructure Development Cess (GIDC). The benchmark KSE-100... Read more »

Rupee strengthens by 15 paisas on inflows

KARACHI: The Pak Rupee gained another 15 paisas against dollar on Thursday owing to inflows of export and workers remittances. The rupee ended Rs167.93 to the dollar from previous day’s closing of... Read more »

SBP allows transfer of up to $200,000 as payment for foreign digital services

KARACHI: State Bank of Pakistan (SBP) has allowed banks to release a maximum amount of $200,000 per year as payment for digital services provided by foreign companies. The central bank on Thursday... Read more »

Withholding tax rates on registration, transfer of motor vehicles updated

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on registration and transfer of motor vehicles for tax year 2021. The FBR updated the withholding tax card 2020-2021 (up to... Read more »

FBR issues SOPs for over-ruling objections on refund claims

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued procedure for over-ruling objections raised by Fully Automated Sales Tax e-Refund (FASTER) in order to facilitate taxpayers in obtaining their stuck up amount.... Read more »