Tax rates on payments to non-residents on services, contract execution

ISLAMABAD: Federal Board of Revenue (FBR) has updated tax rates on payments to non-residents as fee for technical services or execution of contracts during tax year 2021 (July 01, 2020 to June... Read more »

TAX YEAR 2021: tax rate on Sukuks

ISLAMABAD: Federal Board of Revenue (FBR) has updated tax rate on return on investment in Sukuks for the tax year (July 01, 2020 to June 30, 2021). The FBR issued Income Tax... Read more »

FBR notifies transfer, postings of senior auditors

ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and posting of senior auditors of the sales tax department with immediate effect and until further orders. Following senior auditors (BS-16) have been... Read more »

Pakistan remains in FATF’s grey list; new deadline February 2021

KARACHI: The Financial Action Task Force (FATF) on Friday decided to keep Pakistan in ‘grey list with the announcement that the country needs to do more. FATF President Dr Marcus Player, addressing... Read more »

Stock market gains 67 points in range bound activity

KARACHI: The stock market gained 67 points on Friday in a range bound trading activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,266 points as against 41,199 points... Read more »

Rupee gains 45 paisas against dollar on foreign inflows

KARACHI: The Pak Rupee gained 45 paisas against the dollar on Friday owing to substantial inflows of export receipts and workers’ remittances. The rupee ended Rs161.37 to the dollar from previous day’s... Read more »

Credit card fraud by bank official unearthed

ISLAMABAD: The Banking Mohtasib (Ombudsman) has provided a relief to a person, who lost money through credit card transactions that were made fraudulently by a bank official. In its annual report for... Read more »

SBP issues procedure for Sharia based investment in Naya Pakistan Certificates

KARACHI: State Bank of Pakistan (SBP) on Friday issued procedure for Islamic mode of investments in Naya Pakistan Certificates (NPCs). The central bank said that the government had established a wholly-owned special... Read more »

Stock brokers seek tax adjustment against capital losses

KARACHI: Brokers at Pakistan Stock Exchange (PSX) have approached the Federal Board of Revenue (FBR) to allow tax adjustment against brought forward capital losses. National Clearing Company of Pakistan (NCCPL) on Friday... Read more »

Customs announces auction of confiscated diesel oil on October 28

ISLAMABAD: Customs Intelligence and investigation (I&I), Regional Office, Multan has announced auction of seized high speed diesel on October 28, 2020. As per details the authorities to auction 282,300 liters of High... Read more »