FBR notifies rules for advance ruling
In a bid to enhance transparency and provide clarity in customs matters, the Federal Board of Revenue (FBR) has notified the rules for issuing advance rulings.
In a bid to enhance transparency and provide clarity in customs matters, the Federal Board of Revenue (FBR) has notified the rules for issuing advance rulings.
Dr. Abdul Hafeez Shaikh, the Adviser to the Prime Minister on Finance and Revenue, presided over a virtual meeting of the Federal Board of Revenue (FBR) Technical Committee on Friday. The primary focus of the meeting was to streamline and simplify procedures within the FBR, ensuring clarity and transparency in the process of revenue collection.
The Federal Board of Revenue (FBR) has announced updates to the rate of income tax applicable to payments made abroad through credit or debit cards during the tax year 2021 (July 01, 2020, to June 30, 2021).
KARACHI: The stock market witnessed narrow range trading on Friday after touching over 300 points decline during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,569 points from previous day’s closing of 40,564, just an addition of 5 points. Analysts at Arif Habib Limited said that after touching the day’s […]
KARACHI: The Pak Rupee gained against dollar for 23rd consecutive trading days on Friday after the economic indicators are showing improvement, dealers said. The rupee ended Rs158.16 to the dollar from the previous day’s closing of Rs158.33 in the interbank foreign exchange market. The local currency has continued its gaining momentum and strengthened for 23rd consecutive days. […]
KARACHI: The Hubco Power Company Limited (HUBCO) has issued Sukuk worth Rs6 billion for financing the ongoing capital requirement of the company. In a communication sent to Pakistan Stock Exchange (PSX) on Friday, it said that HUBCO through its wholly owned subsidiary, Hub Power Holding Limited, had executed and issued an Islamic Shariah compliant discounted […]
KARACHI: Tax offices are issuing notices to a number taxpayers for filing income tax returns of past years, where the taxpayers have already made compliance. In this regard, Karachi Tax Bar Association (KTBA) sent a letter on Friday to Member Inland Revenue (Operations) of Federal Board of Revenue (FBR) apprising him that in several instances […]
ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday chaired a meeting of the advisory committee for the release of unsold spectrum of next generation mobile services (NGMS). Minister for Science and Technology, Fawad Chaudhry also participated in the meeting. The committee was briefed by Chairman PTA and […]
ISLAMABAD: Pakistan Mobile Communication Limited (PMCL) – the operator of Mobilink / Jazz on Thursday paid an amount of Rs5 billion out of total Rs22 billion as tax demand created by Large Taxpayers Office (LTO) Islamabad. The payment has been made as per the directions of Islamabad High Court (IHC) order in Income Tax reference […]