ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that it has already given statutory time to taxpayers for filing income tax returns for tax year 2020. Therefore, no further date will be extended beyond December 08, 2020. The FBR in an office order intimated about the date for return filing to all the chief […]
KARACHI: The President of Pakistan, Dr. Arif Alvi has appreciated efforts of State Bank of Pakistan (SBP) and performance of banks in improving the accessibility infrastructure at banks for persons with disabilities and lauded their efforts for increasing financial inclusion of persons with disabilities. The president shared his view in an online meeting with the […]
KARACHI: The share market gained 159 points on Friday despite lackluster response from the investors during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,207 points as against 42,048 points showing an increase of 159 points. Analysts at Arif Habib Limited said that the market traded range bound today, although […]
ISLAMABAD: Pakistan’s exports have increased by 2.11 percent to $9.737 billion during first five months (July – November) of current fiscal year 2020/2021, according to data issued by Pakistan Bureau of Statistics (PBS) on Friday. The exports of the country were $9.536 billion in the same months of the last fiscal year. The import bill […]
KARACHI: The Pak Rupee made four paisas gain against the dollar on Friday amid demand for import and corporate payments. The rupee ended Rs160.13 to the dollar from previous day’s closing of Rs160.17 in the interbank foreign exchange market. Currency dealers said that the demand for the foreign currency was higher due to last trading […]
KARACHI: Karachi Tax Bar Association (KTBA) on Thursday declared the available income tax return form at IRIS – the web portal of Federal Board of Revenue (FBR) – as defective and taxpayers are unable to file their returns for tax year 2020. “Needless to state that the return of income is still defective and incomplete […]
ISLAMABAD: Among countries in the developing world, Pakistan faces one of the most severe crises of malnutrition, which is the fundamental cause of child morbidity and mortality. Pakistan ranks 88th out of 107 countries in the Global Hunger Index while food security and nutrition crisis is expected to worsen in the wake of the COVID-19 […]
KARACHI: The online payment through debit cards for e-commerce registered phenomenal growth of 152 percent in first quarter of current fiscal year, according to data released by State Bank of Pakistan (SBP) on Thursday. The online payment for e-commerce increased to Rs11.1 billion in the first quarter (July – September) 2020/2021 as compared with Rs4.4 […]
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Thursday approved abolishment of higher electricity tariff for peak hours. Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet. Minister for Privatization Muhammad Mian Soomro, Minister for Economic Affairs Makhdoom […]
KARACHI: The share market ended with an increase of 20 points on Thursday as market traded in range bound during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 42,047 points against 42,027 points showing an increase of 20 points. Analysts at Arif Habib Limited said that the market traded […]