KTBA expresses concerns over delay in form issuance for taxpayer profile update

KARACHI: Tax practitioners on Tuesday expressed serious concern over delay by Federal Board of Revenue (FBR) in issuing forms for mandatory profile update by taxpayers. Karachi Tax Bar Association (KTBA) in a... Read more »

Rate of advance income tax on education fee

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance income tax to be collected by educational at the time of preparing fee challan during tax year 2021 (July 01, 2020... Read more »

FBR advises taxpayers not to share financial information to fraudulent SMS

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday advised taxpayers not to share their information of credit cards, banks and other financial accounts to fake and fraudulent SMS. “FBR does not send... Read more »

Market based exchange rate helps shrinking current account deficit: SBP governor

KARACHI: Dr Reza Baqir, Governor of State Bank of Pakistan (SBP) has said that market based exchange rate helped shrinking current account deficit. In an interactive session with leading foreign investors, members... Read more »

Stock market gains 369 points on COVID vaccines announcement

KARACHI: The stock market gained 369 points on Tuesday owing to positive sentiments after an announcement of COVID vaccine by an international pharma company. The benchmark KSE-100 index of Pakistan Stock Exchange... Read more »

PSMA, 84 sugar mills served show cause notices for cartelization

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Tuesday said it issued show cause notices to 84 sugar mills and their association for cartelization. The CCP said that it had issued show... Read more »

Rupee advances by 22 paisas; dollar slips to Rs158.69

KARACHI: The Pak Rupee gained 22 paisas against dollar on Tuesday owing improved remittances and export receipts. The rupee ended Rs158.69 to the dollar from previous day’s closing of Rs158.91 in interbank... Read more »

Pakistan urgently needs solar, wind energy expansion to lower power cost: WB

ISLAMABAD: The World Bank (WB) on Tuesday launched a study suggesting that Pakistan should quickly implement a major scale-up of solar and wind generation. Variable Renewable Energy (VRE) Integration and Planning Study... Read more »

FBR warns return filers against providing incorrect information

ISLAMABAD: Federal Board of Revenue (FBR) has warned individuals, who are return filers, against harsh action for providing incorrect information of taxable income. The FBR on Tuesday said that it had acquired... Read more »