FBR issues single page return form for shopkeepers, traders

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued final draft of single-page income tax return for shopkeepers /small traders having annual turnover less than Rs10 million. The FBR issued SRO 885(I)/2020... Read more »

Banks directed to apply AML/CFT rules on issuance of saving certificates

KARACHI: State Bank of Pakistan (SBP) on Thursday directed banks to implement anti-money laundering (AML) and Counter Financing for Terrorism (CFT) rules related to issuance of National Saving Schemes (NSS). The SBP... Read more »

FBR forms committees to eliminate inequalities in taxation system

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday formed committees for elimination of inequality in taxation system and speedy resolution of taxpayers’ complaints. The FBR said that advisor to Prime Minister on... Read more »

Zeeshan Merchant elected unopposed KTBA president

KARACHI: The office bearers and members of executive committee have been elected unopposed for the term 2020 in the election of Karachi Tax Bar Association (KTBA). This was announced at 63rd Annual... Read more »

Foreign exchange reserves remain flat at $19.959 billion

KARACHI: The liquid foreign exchange reserves of the country were remained flat at $19.959 billion by week ended on September 11, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign... Read more »

Share market gains 53 points amid selling pressure

KARACHI: The share market gained 53 points on Thursday despite selling pressure seen in the market during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,334 points... Read more »

Rupee recovers 13 paisas on inflows

KARACHI: The Pak Rupee recovered 13 paisas against dollar on Thursday owing to improved inflows of export receipts and workers remittances. The rupee ended Rs166.21 to the dollar from previous day’s closing... Read more »

SBP facilitates overseas Pakistanis to increase participation in domestic financial market

KARACHI: State Bank of Pakistan (SBP) and the government are actively working to facilitate non-resident Pakistanis in increasing their investment in domestic financial market, SBP governor Dr. Reza Baqir said. According to... Read more »

FBR promotes 65 IROs to post of Assistant Commissioner

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday promoted 65 Inland Revenue Officers (IROs) of BS-16 to the post of assistant commissioner of Inland Revenue BS-17 with immediate effect. The FBR promoted... Read more »