FBR estimates Rs69.5 billion annual tax loss on agriculture income

ISLAMABAD: Federal Board of Revenue (FBR) has estimated an amount of Rs69.5 billion annual loss of tax on agriculture income, sources said on Tuesday. In a report the FBR said that agricultural... Read more »

Stock market gains 55 points amid selling pressure

KARACHI: The stock market posted at gain o f 55 points on Tuesday after recovery from significant fall during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at... Read more »

Rupee strengthens by 29 paisas against dollar

KARACHI: The Pak Rupee strengthened by 29 paisas against dollar on Tuesday owing to improved inflows of export receipts and workers’ remittances. The rupee ended at Rs164.03 to the dollar from previous... Read more »

FBR grants Rs27 billion income tax exemption to power generation companies

ISLAMABAD: Federal Board of Revenue (FBR) has granted an exemption from income tax to the tune of Rs27 billion during tax year 2020 to power generation companies. During the tax year 2020,... Read more »

Withholding tax from cash withdrawal plunges by 52 percent; remains in top 10 revenue spinners

ISLAMABAD: The collection of withholding tax has sharply declined by 52 percent during tax year 2020 as the tax was abolished under this head for filers of income tax returns. According to... Read more »

Gift parcels above $5000 not allowed for export

ISLAMABAD: The ministry of commerce has recently issued Export Policy Order 2020 under which export of gift parcels of a value exceeding five thousand US dollars are not allowed. The ministry issued... Read more »