Jan 2

President Alvi assures business community of resolving gas shortage

KARACHI: President of Pakistan Dr. Arif Alvi on Saturday assured business community of resolving issue of gas shortage on priority basis. In response to deep concerns expressed by President Karachi Chamber of Commerce Industry (KCCI) M. Shariq Vohra on serious gas crises being suffered by Karachi, President Dr. Arif Alvi assured to take up this […]

by Mrs. Anjum Shahnawaz

Association hails decision to probe high car prices

Jan 2

Automotive

Association hails decision to probe high car prices

KARACHI: Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has welcomed the decision of the government for probing higher automobile prices in the country. The high prices are mainly due to lower content of localized parts and government’s strict tariff and taxation policy. In a meeting held on Saturday, the senior PAAPAM members endorsed […]

by Mrs. Anjum Shahnawaz

Jan 2

Taxation

FBR launches e-appeals for tax disputes

ISLAMABAD: Federal Board of Revenue (FBR) has launched electronic mode of filing appeals for resolving tax disputes. The e-filing of appeals has been implemented from January 01, 2021, said a statement issued on Saturday. Commissioner Inland Revenue (Appeals) is the first tier of appellate hierarchy provided in the Inland Revenue laws. Taxpayers aggrieved with the […]

by Mrs. Anjum Shahnawaz

Jan 2

Stock & Commodity

Weekly Review: market likely to move in green

KARACHI: The share market likely to move in green over million doses expected to be purchased from China within the ongoing quarter and subsequent distribution, dampening in COVID-19 concerns may fuel the market pack. Analysts at Arif Habib Limited said that bull run energy stocks to roll over next week and keep interest in the […]

by Faisal Shahnawaz

FBR receives 2.3 million returns for tax year 2020

Jan 2

Taxation

FBR receives 2.3 million returns for tax year 2020

ISLAMABAD: The Federal Board of Revenue (FBR) has received 2.3 million income tax returns for the tax year 2020 by December 31, 2020, according to an official statement released on Friday.

by Mrs. Anjum Shahnawaz