FBR allows monthly salary up to Rs25,000 paid in cash as business expense

ISLAMABAD: Federal Board of Revenue (FBR) has allowed monthly salary up to Rs25,000 per employee paid in cash as business expense after amendment made to Income Tax Ordinance, 2001. The FBR on... Read more »

Filing income tax return mandatory for FTR taxpayers: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that filing annual income tax return is mandatory for taxpayers falling under final tax regime (FTR). The FBR on Thursday issued Income Tax Circular... Read more »

Foreign exchange reserves increase to $19.84 billion

KARACHI: The liquid foreign exchange of the country has increased by $121 million to $19.843 billion by week ended August 28, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign... Read more »

KCCI rejects electricity tariff hike, demands immediate withdrawal

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has rejected the recent hike in electricity tariff and termed it disaster for the industry. The chamber also demanded the government to immediate withdraw... Read more »

Stock market gains 353 points on expected Karachi package announcement

KARACHI: The stock market witnessed an increase of 353 points on Thursday as positive sentiments prevailed over expected package to be announced by the prime minister during his Karachi visit. The benchmark... Read more »

Rupee falls by 44 paisas on import payment demand

KARACHI: The Pak Rupee fell by 44 paisas against dollar on Thursday owing to demand for import and corporate payments, dealers said. The rupee ended Rs166.04 to the dollar from previous day’s... Read more »

Tax return form not finalized so far as less than a month for deadline

ISLAMABAD: Federal Board of Revenue (FBR) has yet to finalize income tax return form for tax year 2020 as less than one month is remaining for return filing due date. The due... Read more »