Procedure to get exemption certificate for imported goods

ISLAMABAD: Procedure for obtaining certificate to get exemption from advance income tax on imported goods has been laid down in Income Tax Rules, 2002. The FBR issued Income Tax Rules, 2002 (updated... Read more »

Return filing may reach 6.5 million if NTN holders make compliance

ISLAMABAD: The number of return filers may reach near 6.5 million if persons obtained National Tax Number (NTN) make compliance. According to the Federal Board of Revenue (FBR) more than 3.5 million... Read more »

Stock market ends up by 514 points amid activity in energy sector

KARACHI: The stock market witnessed a gain of 514 points on Wednesday as trading activity was seen in energy sector following increase in prices of international crude oil. The benchmark KSE-100 index... Read more »

FBR exempts sales tax on medical goods for COVID prevention, treatment

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday exempted whole of sales tax on import of medical instruments and equipments for prevention and treatment of COVID pandemic. The FBR issued SRO 1257(I)/2020... Read more »

FPCCI demands expanding raw material list for reduced income tax rate

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday urged the tax authorities to expand the list of raw material for purpose of reduced income tax rate at import... Read more »

Minimum wage for unskilled laborers fixed at Rs17,500

KARACHI: Sindh government has fixed minimum wage for unskilled laborers at Rs17,500, a statement said on Wednesday. According to the notification issued by Zahid Hussain Khemtio, Chairman, Minimum Wages Board, the Sindh... Read more »

Rupee makes another gain of 82 paisas against dollar

KARACHI: The Pak Rupee gained another 82 paisas against dollar on Wednesday owing to ease in demand for import payment and improved economic indicators. The rupee ended Rs159.27 to the dollar from... Read more »

Mohtasib receives 11,174 complaints against banks during six months

KARACHI: Around 11,174 complaints have been filed against commercial banks during first half of current calendar year, said a report issued by Banking Mohtasib (Ombudsman) Pakistan. The office of banking ombudsman in... Read more »