FBR notifies transfer, postings of customs officers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfer and posting of officers of Pakistan Customs Service (PCS) in BS-17 to BS-19 with immediate effect and until further orders. The FBR... Read more »

Return filing mandatory for Pakistanis having foreign assets

ISLAMABAD: Pakistanis having income and assets abroad are required to file annual income tax return under Section 114 of the Income Tax Ordinance, 2001. According to Section 114 of the Ordinance the... Read more »

Resident Pakistanis not allowed investing in Naya Pakistan Certificates: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Friday clarified that resident Pakistanis are not allowed to invest in Naya Pakistan Certificates (NPCs). The FBR issued clarification to a news appeared in a... Read more »

Rising coronavirus cases may impact revenue collection in second quarter

ISLAMABAD: The ministry of finance has said that the rising cases of coronavirus may slowdown economic activities and adversely impact revenue collection in second quarter (October – December) of the current fiscal... Read more »

Stock market sheds 224 points on buying activity

KARACHI: The stock market has lost 224 points on Friday as the market witnessed buying activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,807 points... Read more »

OGDCL announces gas discovery in Balochistan

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Friday announced discovery of natural gas from its well located in the province of Balochistan. In a communication sent to Pakistan Stock Exchange... Read more »

Rupee ends down by 20 paisas on higher import payment demand

KARACHI: The Pak Rupee fell by 20 paisas against the dollar on Friday owing to higher demand of the foreign currency for import and corporate payments. The rupee ended at Rs159.46 to... Read more »

FBR issues simplified return form for taxpayers having turnover less than Rs50 million

ISLAMABAD: Federal Board of Revenue (FBR) has launched a single page simplified draft income tax return form for business individuals and Association of Persons (AOPs) having annual turnover less than Rs50 million.... Read more »