Resident shipping companies granted final tax regime

ISLAMABAD: The income tax law has allowed final tax regime for Pakistani resident shipping company, which is registered after November 15, 2019. According to explanation to changes made to Income Tax Ordinance,... Read more »

Rate of tax on foreign payment through debt, credit cards

ISLAMABAD: Federal Board of Revenue (FBR) has notified rate of advance tax on amount remitted abroad through credit or debit cards. The FBR issued withholding tax card for tax year 2020-2021 (updated... Read more »

FBR initiates framing ‘concealment of assets’ cases against defaulting amnesty declarants

KARACHI: Federal Board of Revenue (FBR) has initiated the process of framing cases under concealment of assets against persons who declared under an amnesty scheme but failed to pay taxes within the... Read more »

Weekly Review: market likely to stay in green

KARACHI: The stock market likely to trade in green zone during next week due to higher interest of investors and improved economic indicators. Analysts at Arif Habib Limited said that the market... Read more »

Gas utility issues disconnection notices to Sindh hospitals

KARACHI: Sui Southern Gas Company (SSGC) on Friday warned Sindh administration of disconnecting gas supply to its hospitals on non-payment of outstanding. The gas utility issued notices to Sindh government hospitals mainly... Read more »