KTBA protests over ex-parte tax orders against COVID patients

KARACHI: Karachi Tax Bar Association (KTBA) on Wednesday protested over ex-parte order passed by tax offices despite taxpayers, who tested positive for coronavirus, applied for adjournment. The KTBA in a letter sent... Read more »

FBR sets up body to regulate jewelers, real estate agents, accountants

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday approved a body to regulate transactions by jewelers, real estate agents and accountants under anti-money laundering (AML)/Counter Financing of Terrorism (CFT) laws. According to... Read more »

FBR decides punitive action against non-filer companies, individuals

ISLAMABAD: Federal Board of Revenue (FBR) has decided to take punitive measures against corporate entities for not filing income tax returns. The FBR on Wednesday said that over 100,000 companies are registered... Read more »

Assets of baking system increase by 7.8pc amid COVID challenges: SBP

KARACHI: The assets of banking system increased by 7.8 percent during first half (January – June) 2020 despite challenging economic conditions prevailing during the period due to COVID-19 outbreak, State Bank of... Read more »

Stock market gains 44 points amid rang bound trading

KARACHI: The stock market gained 44 points on Wednesday amid range bound trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,197 points as against 41,153... Read more »

Dollar eases to Rs158.49 as rupee further strengthens

KARACHI: The Pak Rupee made 20 paisas gain against dollar on Wednesday owing to rising coronavirus cases and lockdown discourage lowered demand for import payments, dealers said. The rupee ended Rs158.49 to... Read more »

FBR bars creation of new units to resolve HR shortage

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday restrained tax offices from creating new units/ranges for resolving shortage of human resource. A circular issued by the FBR stated that a meeting of... Read more »