FBR issues procedure for condonation of sales tax cases

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... Read more »

KTBA demands time for return filing as per law

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... Read more »

FPCCI lambasts shipping companies, terminal operators for unfriendly behavior

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. “Efforts by FPCCI... Read more »

Stock market ends down by 331 points over political noise

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... Read more »

SBP keeps policy rate unchanged at 7pc

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... Read more »

Rupee ends down by 47 paisas on higher import payment demand

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... Read more »

List of cities contributing tax above Rs1 billion

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... Read more »

Car import surges by 180 percent

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... Read more »