ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued procedure for condonation of time limit in sales tax cases. The FBR issued Sales Tax Circular No. 02 of 2020 for the purpose of disposal of requests for condonation of time limit, and directed field formation including LTOs, MTO, CTOs and RTOs to process the taxpayers’ […]
KARACHI: The Karachi Tax Bar Association (KTBA) on Monday demanded the Federal Board of Revenue (FBR) to allow extension for filing income tax return for tax year 2020 as per time prescribed under the law. In a letter send to FBR chairman, Zeeshan Merchant, President, KTBA praised the FBR for issuing return of income for […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lambasted shipping companies and terminal operators for their non-cooperative behavior in trade facilitation, a statement said on Monday.
KARACHI: The stock market fell by 331 points on Monday owing to political noise after the All Parties Conference (APC). The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,174 points from last Friday’s closing of 42,505 points, showing a decline of 331 points. Analysts at Topline Securities said that the bears took […]
KARACHI: State Bank of Pakistan (SBP) on Monday decided to keep the key policy rate unchanged at 7 percent for next two months. The decision was taken after the committee of monetary policy considered economic condition in the wake of adverse impact of coronavirus. The SBP brought down the policy rate by 625 basis points […]
KARACHI: The Pak Rupee ended down by 47 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended Rs166.30 to the dollar from last Friday’s closing of Rs165.83 in interbank foreign exchange market. Currency dealers said that the demand for dollar was remained higher as the […]
ISLAMABAD: Federal Board of Revenue (FBR) has issued details of tax contribution by major cities in the country. The FBR issued directory for tax year 2018 and provided details of tax contribution by major cities of the country. Following is the list of cities contributed above Rs1 billion to the national exchequer: 01. Karachi Rs209.10 […]
KARACHI: The import of motor cars has increased by 180 percent during first two months of current fiscal year due to normalization of life after lifting of corona lockdown. The import of motor cars was at $26.53 million during July – August 2020 as compared with $9.46 million in the corresponding period of the last […]