SRB exempts sales tax on services for USAID funded programs

KARACHI: Sindh Revenue Board (SRB) on Thursday granted exemption from sales tax on services for projects funded by United States Agency for International Development (USAID). The SRB in a statement said that... Read more »

World Bank to finance $1.15 billion for two power projects

ISLAMABAD: The World Bank will provide a concessional financing to support Pakistan’s two power projects. Prime Minister Imran Khan today witnessed the signing ceremony of two financing agreements worth $ 1.15 billion... Read more »

FBR signs agreement CFA Institute for regulator scholarships

ISLAMABAD: Federal Board of Revenue (FBR) has signed an agreement with Chartered Financial Analyst (CFA) Institute for initially 10 ‘Regulator Scholarships’ for FBR’s officers and officials, said a notification issued on Thursday.... Read more »

Foreign exchange reserves decline to $19.015 billion

KARACHI: The liquid foreign exchange reserves of the country have declined by $336 million to $19.015 billion by week ended October 09, 2020, State Bank of Pakistan (SBP) said on Thursday. The... Read more »

Share market ends down by 76 points on political uncertainty

KARACHI: The share market fell by 76 points on Thursday owing to rising political uncertainty in the country. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,068 points from... Read more »

Rupee makes gain of 62 paisas on ease in dollar demand

KARACHI: The Pak Rupee strengthened by 62 paisas against dollar on Thursday owing to significant inflows of workers’ remittances and export receipts. The rupee ended Rs162.86 to the dollar from previous day’s... Read more »

TAX YEAR 2021: Rates of income tax for companies

ISLAMABAD: Federal Board of Revenue (FBR) has issued rates of income tax for companies to be applicable during tax year 2021. The FBR issued Income Tax Ordinance, 2001 (updated June 30, 2020)... Read more »

Tax Year 2021: income tax rates for business individuals, AOPs

ISLAMABAD: Federal Board of Revenue (FBR) has issued tax rates to be applicable on business individuals and Association of Persons (AOPs) during tax year 2021. The FBR issued Income Tax Ordinance, 2001... Read more »