FBR stops manual processing of income tax refunds
In a significant move aimed at streamlining and modernizing tax refund processes, the Federal Board of Revenue (FBR) has ceased the manual processing of income tax refunds.
In a significant move aimed at streamlining and modernizing tax refund processes, the Federal Board of Revenue (FBR) has ceased the manual processing of income tax refunds.
KARACHI: State Bank of Pakistan (SBP) on Wednesday said that listing of local firms on the world leading online marketplace, Amazon.com likely help to increase exports of the country. The central bank while discussing the digital connectivity at the time of coronavirus pandemic, said the Ministry of Commerce has facilitated enlisting more than 30 exporters […]
KARACHI: The stock market ended down by 138 point on Wednesday owing to range bound trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,514 points as against 40,653 points showing a decline of 138 points. Analysts at Arif Habib Limited said that the market traded range bound […]
KARACHI: The Pak Rupee weakened by Rs1.53 against dollar on Wednesday owing to higher demand for import and corporate payments. The rupee ended Rs159.83 to the dollar from previous day’s closing of Rs158.30 in interbank foreign exchange market. Currency dealers said that the market witnessed higher demand for dollars during the day. They said that […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday transferred and posted Dr. Faiz Illahi Memon as Member Facilitation and Taxpayers Education (FATE) with immediate effect. Dr. Faiz Illahi Memon is a senior BS-21 officer of Inland Revenue Service (IRS) and presently posted as Director General (Special Initiative), Federal Board of Revenue (Hq), Islamabad (stationed at […]
KARACHI: State Bank of Pakistan (SBP) has projected GDP growth between 1.5-2.5 percent for the current fiscal year 2020/2021 with up to 9 percent average inflation for the year. The SBP on Wednesday issued annual report on state of economy for the year 2019/2020. The government has set GDP growth target at 2.1 percent for […]