FBR notifies rules for advance ruling

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified rules for issuing advance ruling in various types of cases. The FBR issued SRO 1213(I)/2020 dated November 11, 2020 to make amendments in... Read more »

Committee advised to simplify procedure ensure collection transparency

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, on Friday advised the technical committee on Federal Board of Revenue (FBR) to simplify relevant procedures ensuring clarity... Read more »

Rate of tax on payment through debt, credit cards

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax to be collected on the payment made abroad through credit or debit cards during tax year 2021 (July 01, 2020... Read more »

Share market witnesses narrow range trading

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... Read more »

Rupee gains against dollar for 23rd consecutive days

KARACHI: The Pak Rupee gained against dollar for 23rd┬áconsecutive trading days on Friday after the economic indicators are showing improvement, dealers said. The rupee ended Rs158.16 to the dollar from the previous... Read more »

HUBCO issues Sukuk wroth Rs6bn for capital requirements

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... Read more »

Tax offices issue notices for already filed return of income

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... Read more »

Committee discusses unsold spectrum of next generation mobile services

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... Read more »

Jazz pays Rs5 billion income tax liability on court order

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... Read more »