KARACHI: Federal Board of Revenue (FBR) has been advised to update tax laws with latest amendments on its official website to facilitate taxpayers as well as tax practitioners. The Karachi Tax Bar Association (KTBA) in a letter to FBR Chairman Muhammad Javed Ghani on Tuesday pointed out that the available tax laws such as income […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed its field offices of Inland Revenue to remain open late hours to facilitate taxpayers in payment of duty and taxes on September 30, 2020. In an office order issued by the FBR instructed all the chief commissioners of IR to observe extended working hours till […]
KARACHI: State Bank of Pakistan (SBP) has enhanced loan size to Rs 1 billion from Rs500 million for setting up new hospital to combat COVID-19. The central bank in a notification said that in order to meet financing needs for setting up new hospitals allowed through a notification issued on July 2020, it has been […]
KARACHI: The business community has demanded the State Bank of Pakistan (SBP) of extending refinance scheme, which was introduced to prevent layoff owing to coronavirus outbreak, for further three months. The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) in a statement on Tuesday urged the central bank to consider extension in refinance scheme […]
KARACHI: The share market witnessed gain of 463 points on Tuesday amid selling pressure seen during the trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,204 points as against 40,741 points showing an increase of 463 points. Analysts at Arif Habib Limited said that settlement ratios from last week’s roll-over activity […]
ISLAMABAD: Federal Board of Revenue (FBR) has issued income tax return forms in regional languages in order to facilitate small traders and shopkeepers, a spokesman said on Tuesday. The spokesman said that according to vision of the Prime Minister and directives of the advisor to prime minister on finance and revenue the FBR had issued […]
KARACHI: The rupee ended firmer against dollar on Tuesday amid demand of the foreign currency for import and corporate payments. The rupee ended Rs165.88 to the dollar from previous day’s closing of Rs165.89 in interbank foreign exchange market. Currency experts said that the demand for the greenback was remained higher form importers. Besides, due to […]
ISLAMABAD: Federal Board of Revenue (FBR) is likely to grant first date extension for filing income tax return for tax year 2020. The last date for filing return of income and wealth statements for tax year 2020 is September 30, 2020 for salaried persons, business individuals, Association of Persons (AOPs) and companies having special year. […]