FBR notifies draft rules for timely issuance of annual return forms

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued SRO 1041(I)/2020 for timely issuance of annual income tax return forms in order to facilitate taxpayers and avoid unnecessary delays in return filing... Read more »

FBR adopts policy to strengthen legal team for tax cases

ISLAMABAD: Federal Board of Revenue (FBR) has adopted new policy for placement of legal advisors and advocates on its panel to improve the representation before the courts. The FBR said that previously... Read more »

Karachi Chamber rejects power tariff hike; demands immediate withdrawal

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has strongly rejected the power tariff hike by K-Electric and demanded the government of immediate withdrawal the relevant notification. In a statement issued on... Read more »

Share market falls by 203 points on FATF, inflation concerns

KARACHI: The share market fell by 203 points on Tuesday owing to rising concerns over FATF upcoming meeting and rising inflation number. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed... Read more »

Rupee eases by three paisas on import payment demand

KARACHI: The Pak Rupee ended down by three paisas against dollar on Tuesday owing to import and corporate payment demand for the foreign currency. The rupee ended Rs163.84 to the dollar from... Read more »

TAX YEAR 2021: tax rates for salary income

ISLAMABAD: The rates of income tax have been updated for salaried persons which will remain applicable during tax year 2021, if not amended or changed. Federal Board of Revenue (FBR) has issued... Read more »