FBR’s technical committee invites stakeholders’ suggestions to promote tax culture

Sep 25

Taxation

FBR’s technical committee invites stakeholders’ suggestions to promote tax culture

ISLAMABAD: The Chairman of Technical Committee of Federal Board of Revenue (FBR), which was constituted by the Advisor to the Prime Minister on Finance and Revenue to create a taxpayer friendly environment, has invited suggestions for improving various functions of the tax machinery. Abid Shaban, Chairman, FBR’s Technical Committee, in a communication on Friday said […]

by Mrs. Anjum Shahnawaz

Ministry releases Export Policy Order 2020

Sep 25

Pakistan Customs

Ministry releases Export Policy Order 2020

ISLAMABAD: The ministry of commerce on Friday issued Export Policy Order 2020 while making several changes to the old policy. The ministry issued SRO 901(I)/2020 to release the export policy order. The export policy order shall come into force at once, the ministry said. The export policy order 2020 can be downloaded here.

by Mrs. Anjum Shahnawaz

Sep 25

Pakistan Customs

Import Policy Order 2020 issued

ISLAMABAD: The ministry of commerce on Friday issued Import Policy Order, 2020. The import policy order shall come into force at once. The updated import policy order can be downloaded here.

by Mrs. Anjum Shahnawaz

Stock market sheds 105 points in range bound trading

Sep 25

Stock & Commodity

Stock market sheds 105 points in range bound trading

KARACHI: The stock market fell by 105 points on Friday as the market witnessed range bound trading and selling pressure. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,701 points as against 41,806 points showing a decline of 105 points. Analysts at Arif Habib Limited said that the last day of the […]

by Mrs. Anjum Shahnawaz

Rupee gains 17 paisas in interbank foreign exchange market

Sep 25

Money & Banking

Rupee gains 17 paisas in interbank foreign exchange market

KARACHI: The Pak Rupee gained 17 paisas against the dollar on Friday on inflows of remittances and export receipts. The rupee ended Rs165.79 to the dollar from the previous day’s close of Rs165.96 in the interbank foreign exchange market. Currency experts said that the market witnessed positive sentiments due to surplus current account and sufficient […]

by Mrs. Anjum Shahnawaz

List of persons required to get sales tax registration

Sep 25

Taxation

List of persons required to get sales tax registration

KARACHI: Federal Board of Revenue (FBR) has issued list of persons who are mandatorily required to get sales tax registration under Sales Tax Act, 1990. Following is the list of persons required to get sales tax registration: a. All importers b. All wholesalers (including dealers) and distributors c. Manufacturers not falling in cottage industry. {Cottage […]

by Mrs. Anjum Shahnawaz

MCC Preventive Karachi announces auction of motor vehicles on September 28

Sep 25

Auction, Pakistan Customs

MCC Preventive Karachi announces auction of motor vehicles on September 28

KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi on Thursday announced auction of motor vehicles to be held on September 28, 2020 at Anti-Smuggling Organization (ASO) Headquarter, NMB Wharf, Ghass Bandar, East Wharf, Karachi. Following vehicles to be presented for the auction: 01. Toyota Harrier Jeep, Reg. No. JAA-454, Model 1998, 2999CC, Chassis No. MCU-10-0013510 02. […]

by Mrs. Anjum Shahnawaz

Banks start sharing information with FBR

Sep 25

Taxation

Banks start sharing information with FBR

ISLAMABAD: Banks have agreed to share information of accountholders through a solution developed by IT department of the Federal Board of Revenue (FBR), a spokesman said on Thursday. The spokesman said that the FBR and Pakistan Banks Association (PBA) have agreed on information sharing under Section 165 and Section 165A of Income Tax Ordinance, 2001. […]

by Mrs. Anjum Shahnawaz