Karachi: The stock market has plunged by 1299 points on Thursday that can be attributed to surge in corona virus cases in the country.
ISLAMABAD: A spokesman of Jazz (Mobilink) on Thursday said that the treatment of the Federal Board of Revenue (FBR) for the recovery of disputed amount through sealing the office was unfortunate. “Despite being the largest taxpayers, we are treated in an unfortunate way,” a company spokesman said. “While the government is making efforts to improve […]
KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) on Thursday expressed its shock and dismay over action taken by the tax authorities against Pakistan’s leading mobile operator. In a statement, the OICCI – the collective body of top 200 multinational companies in Pakistan – expressed its shock and dismay at the action of the […]
KARACHI: The Pak Rupee gained another 36 paisas against the dollar on Thursday owing to inflows of workers’ remittances and export receipts offset the demand for import payment. The rupee ended Rs160.26 to the dollar from the previous day’s closing of Rs160.62 in the interbank foreign exchange market. Currency experts said that due to positive […]
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified authorities for appointment of officials in the revenue board. According to the notification Secretary, the Revenue Division shall have power to appoint officials in the posts in basic pay scales 17 to 19 or equivalent. Member Admin has been authorized to appoint posts in basic pay […]
ISLAMABAD: Federal Board of Revenue (FBR) has launched investigation against sugar mills after detection of large scale benami transactions. A statement issued on Thursday, the FBR said that Benami Zone II, Lahore has taken up the investigation of 5 sugar mills for the verification of benami transactions. Purchasers with the largest quantities as declared by […]
ISLAMABAD: Big retailers with chain stores have agreed to install Point of Sale (POS) at their outlets to integrate sales and purchase with online system of Federal Board of Revenue (FBR). In this regard a Memorandum of Understanding (MoU) was signed between the FBR and Chain Stores Association of Pakistan (CAP) to ensure effective and […]
ISLAMABAD: Federal Board of Revenue (FBR) has decided to take departmental action against officials who are reluctant in joining new place of posting. In a circular issued on Wednesday, the FBR has taken notice that officials are not adhered to instructions laid down in transfer and posting orders. “The transfer and posting orders are issued […]