FBR starts registration for grant of reduced tariff rate on electricity, gas supply

Dec 31

Taxation

FBR starts registration for grant of reduced tariff rate on electricity, gas supply

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said it is starting registration of manufacturers of export oriented sectors from January 01, 2021 for grant of reduced tariff rate on supply of electricity and gas. In this connection the FBR issued standard operating procedure (SOP) to start the registration process. In a notification, the FBR […]

by Mrs. Anjum Shahnawaz

FBR urged immediate measures for speedy customs clearance

Dec 30

Pakistan Customs

FBR urged immediate measures for speedy customs clearance

KARACHI: Federal Board of Revenue (FBR) has been asked to take immediate measures for speedy cargo clearance and avoid losses to trade and industry. Karachi Customs Agents Association (KCAA) on Wednesday raised difficulties of the trade and industry due to rising dwell time of cargoes at terminals. The association said in a statement expressed concerns […]

by Mrs. Anjum Shahnawaz

Dec 30

Stock & Commodity

KSE-100 Index grows by 7.3 percent in 2020

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) has posted 7.3 percent growth during the year 2020 as one day is still remaining to conclude the year. Analysts at Topline Securities on Wednesday said that Pakistan benchmark KSE100 index gained 7.3 percent (USD: 3.6 percent) in 2020 (one trading session left). The return […]

by Mrs. Anjum Shahnawaz

Stock market gains 413 points amid buying activities

Dec 30

Stock & Commodity

Stock market gains 413 points amid buying activities

KARACHI: The stock market gained 413 points on Wednesday as buying activities witnessed during the day after positive oil prices in international trade. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,695 points as against previous day’s close of 43,282 points showing an increase of 413 points. Analysts at Arif Habib Limited […]

by Mrs. Anjum Shahnawaz

Rupee makes 11 paisas gain on improved inflows

Dec 30

Money & Banking

Rupee makes 11 paisas gain on improved inflows

KARACHI: The Pak Rupee strengthened by 11 paisas against the dollar on Wednesday owing to improved inflows of workers’ remittances and export receipts. The rupee ended Rs160.28 to the dollar from previous day’s closing of Rs160.39 in the interbank foreign exchange market. Currency dealers said that market had witnessed sufficient supply of the greenback during […]

by Mrs. Anjum Shahnawaz

Dec 30

Money & Banking

Bank holiday declared on January 01

KARACHI: The State Bank of Pakistan (SBP) on Wednesday declared bank holiday on January 01, 2021 on account of financial close of banking companies. In a circular issued to presidents and chief executives of all banks, development financial institutions and microfinance banks, the SBP informed that the central bank will remain closed for public dealing […]

by Mrs. Anjum Shahnawaz

Dec 30

Taxation

FBR extends date for updating taxpayers’ profile up to March 31

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday extended the last date for updating taxpayers profile up to March 31, 2021. The FBR granted the date extension for ninety days from the existing last date of December 31, 2020. The tax body issued Circular No. 08 pf 2020 IR/Operations to extend the last date. Through […]

by Mrs. Anjum Shahnawaz

Retailers share CNICs of consumers with FBR

Dec 30

Taxation

Retailers share CNICs of consumers with FBR

ISLAMABAD: Retailers registered with Federal Board of Revenue (FBR) have started obtaining detail of Computerized National Identity Card (CNIC) of consumers, who buy goods above Rs100,000, tax officials said. The sources on Tuesday said that retailers having sales tax registration number (STRN) were providing details of ordinary consumers on sale of goods above Rs100,000 through […]

by Mrs. Anjum Shahnawaz

Monument to be constructed for FBR’s martyrs

Dec 29

Taxation

Monument to be constructed for FBR’s martyrs

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday decided to construct a monument at its Headquarters at Islamabad to commemorate and pay homage to martyrs of the revenue body. The FBR in its notification said that in order to commemorate and pay homage to martyrs of FBR who laid their lives in the line of […]

by Mrs. Anjum Shahnawaz

Stock market posts 392 points decline on profit booking

Dec 29

Stock & Commodity

Stock market posts 392 points decline on profit booking

KARACHI: The stock market posted a decline of 392 points on Tuesday owing to year-end profit booking and new strain of coronavirus. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,282 points as against previous day’s close of 43,674 points showing a decline of 392 points. Analysts at Arif Habib Limited said […]

by Mrs. Anjum Shahnawaz