Customs launches investigation into clearance of automotive spare parts at lower values

KARACHI: Pakistan Customs has launched investigation against officers for allowing clearance of automotive spare parts at lower values. Model Customs Collectorate of Appraisement & Facilitation (West) constituted a committee to ascertain the... Read more »

Rate of tax on payments for goods, services

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on payments for goods or services during tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued... Read more »

Penalty for not filing return of income

ISLAMABAD: Federal Board of Revenue (FBR) has updated the rate of fine and penalty for failure to file annual return of income by a person, who has taxable income or required to... Read more »

Weekly Review: bullish sentiments likely on strong profitability

KARACHI: The stock market is likely to have a bullish trend during next week owing to strong profitability trend, analysts said. The analysts at Arif Habib Limited said that political noise is... Read more »