Dec 7

Banks observe extended working hours to facilitate taxpayers

KARACHI: State Bank of Pakistan (SBP) on Monday directed banks to observe extended banking hours on December 08, 2020 for facilitating taxpayers in payment of duty and taxes. It is worth mentioning that the December 08, 2020 is last date for filing annual return of income for tax year 2020 and taxpayers will need banking […]

by Mrs. Anjum Shahnawaz

Dec 7

Stock & Commodity

Share market ends down by 92 points

KARACHI: The share market ended down by 92 points on Monday while trading in narrow range during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,115 points as against 42,207 points, showing a decline of 92 points. Analysts at Arif Habib Limited said that the market traded in a narrow […]

by Mrs. Anjum Shahnawaz

Tax Return Filing: KCCI urges Prime Minister to facilitate taxpayers

Dec 7

Trade & Industry

Tax Return Filing: KCCI urges Prime Minister to facilitate taxpayers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) – the largest chamber in the country – has requested the prime minister to grant extension in the last date for filing return of income up to January 31, 2021. KCCI in this regard sent a letter to Prime Minister Imran Khan on Monday and requested to […]

by Mrs. Anjum Shahnawaz

Tax Return Filing: FPCCI approaches advisor to Prime Minister for date extension

Dec 7

Trade & Industry

Tax Return Filing: FPCCI approaches advisor to Prime Minister for date extension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has approached advisor to Prime Minister on finance for the grant of extension in date for income tax returns for tax year 2020. The last date for filing income tax return is December 08, 2020. However, the Federal Board of Revenue (FBR) has categorically rejected […]

by Mrs. Anjum Shahnawaz

FBR disappoints return filing date extension seekers with new instructions

Dec 7

Taxation

FBR disappoints return filing date extension seekers with new instructions

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued new instructions to its tax offices for extension in filing income tax returns in special cases. The new instructions have disappointed tax consultants, practitioners and business community, who approached the FBR with request to extend the last date for filing income tax return beyond December 08, […]

by Mrs. Anjum Shahnawaz

Rupee falls by 19 paisas on import payment demand

Dec 7

Money & Banking

Rupee falls by 19 paisas on import payment demand

KARACHI: The Pak Rupee fell by 19 paisas against the dollar on Monday owing to higher demand for import and corporate payments. The rupee ended Rs160.32 to the dollar from last Friday’s closing of Rs160.13 in the interbank foreign exchange market. Currency experts said that the higher dollar demand was due to the market was […]

by Mrs. Anjum Shahnawaz