Withholding tax rate on non-cash banking transactions updated

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rate on non-cash banking transactions made by persons not appearing on the Active Taxpayers List (ATL). The FBR issued withholding tax card 2020/2021 updated up to June 30, 2020. The FBR said that 0.6 percent withholding tax rate is applicable on non-cash banking transactions under […]

by Mrs. Anjum Shahnawaz

Stock market gains 272 points in mixed trading

Sep 7

Stock & Commodity

Stock market gains 272 points in mixed trading

KARACHI: The stock market gained 272 points on Monday in mixed trading activities during the day, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,293 points as against 42,023 points showing an increase of 272 points. Analysts at Arif Habib Limited said that the market opened on a positive note […]

by Mrs. Anjum Shahnawaz

Marriage halls to install fiscal devices for tax reporting

Sep 7

Taxation

Marriage halls to install fiscal devices for tax reporting

ISLAMABAD: Marriage halls and hotels will be required to install electronic fiscal devices for sharing their business transactions with the Federal Board of Revenue (FBR). The installation of fiscal devices have been mandatory in order bring certain service providers into the income tax net. According to sources that hotels, motels, guest houses, marriage halls, marquees, […]

by Mrs. Anjum Shahnawaz

Rupee eases by 10 paisas on import payment demand

Sep 7

Money & Banking

Rupee eases by 10 paisas on import payment demand

KARACHI: The Pak Rupee eased by 10 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended at Rs165.87 to the dollar from last Friday’s closing of Rs165.77 in interbank foreign exchange market. The currency experts said that the rupee was under pressure against the foreign […]

by Mrs. Anjum Shahnawaz