ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday updated Tax Asaan, a mobile phone application, for filing of income tax return by salaried persons. The Tax Asaan application, available for both Android and iOS, has been updated for filing the income tax return for the tax year 2020. Tax Asaan is a mobile application developed […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday granted approval to expand the scheme of duty free car import by disabled persons. The ECC allowed amendment in the import of Customs Duty Free Cars under disabled persons scheme and increased the limit of importing cars under the scheme. The ECC meeting was […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed major penalty of ‘compulsory retirement’ upon a lady tax officer on the charges of misconduct i.e. unauthorized absence from duty. In an order, the FBR said that disciplinary proceedings were initiated under the Government Servant (Efficiency & Discipl ine) Rules, 1973 against Ms. Saira Bano (IRS/BS-18), […]
KARACHI: The stock market fell by 64 points on Wednesday as investors’ sentiments shaken over FATF bill, which required parliamentary approval. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,282 points as against 42,346 points showing a decline of 64 points. Analysts at Arif Habib Limited said that the the session was […]
KARACHI: The Pak Rupee eased by seven paisas against dollar on Wednesday owing to rising demand for the foreign currency for import payment. The rupee ended Rs166.34 to the dollar from previous day’s closing of Rs166.27 in interbank foreign exchange market. Currency experts said that the rupee was remained under pressure for rising demand of […]
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said it will review existing key policy rate at 7 percent on Monday, September 21, 2020 for next two months. In its monetary policy announcement on June 25, 2020 the SBP cut the key policy rate to 7 percent. The decision came after the monetary policy […]
KARACHI: The deposits of salaried persons in the domestic banking system surged by 35 percent in August 2020 as financial institutions provided safe avenue for investment. The banking deposits of salaried persons increased to Rs2.252 trillion by end of August 2020 as compared with Rs1.671 trillion in the same month of the last year, according […]