April 27, 2024

Pkrevenue.com

Pakistan Revenue

Day: February 16, 2021

IMF projects Pakistan’s economic expansion by 1.5pc in current fiscal
Feb 16
Finance

IMF projects Pakistan’s economic expansion by 1.5pc in current fiscal

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s economic expansion by 1.5 percent during the current fiscal year 2020/2021 while praising efforts of Pakistani authorities in taking measures amid coronavirus pandemic. The economic during the last fiscal year recorded negative growth of 0.4 percent. This was noticed by the IMF while reaching staff level […]

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FBR notifies transfers of BS-20 IRS officers
Feb 16
Taxation

FBR notifies transfers of BS-20 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified transfers and postings of senior officers of Inland Revenue Service (IRS) in BS-20 with immediate effect and until further orders. The FBR notified transfers and postings of following IRS officers: 01. Ms. Shazia Memon (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Admin Pool) […]

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Rupee falls by 27 paisas against dollar
Feb 16
Money & Banking

Rupee falls by 27 paisas against dollar

KARACHI: The Pak Rupee fell by 27 paisas against the dollar on Tuesday owing to demand for import and corporate payments. The rupee ended Rs159.54 to the dollar from previous day’s closing of Rs159.27 in the interbank foreign exchange market. Currency dealers said that the local currency was under pressure because of oil import bill […]

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4×4 electric motor vehicles allowed duty, tax concessions
Feb 16
Taxation

4×4 electric motor vehicles allowed duty, tax concessions

ISLAMABAD: The recently promulgated Tax Laws (Amendment) Ordinance, 2021 has granted concessions to 4×4 electric motor vehicles on import of units in both Completely Built Up (CBU) and Completely Knocked Down (CKD) conditions. The federal cabinet recently allowed duty and tax concessions to 4×4 electric vehicles. Earlier the concession was available to two-wheelers and three-wheelers […]

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Sportsmen allowed tax holiday on temporary import
Feb 16
Taxation

Sportsmen allowed tax holiday on temporary import

ISLAMABAD: Sportsmen – participating in an international event – have been allowed tax holiday o import of professional and technical apparatus with condition of re-export of those things within stipulated time period. Sources in Federal Board of Revenue (FBR) on Tuesday said that the exemption from income tax, sales tax and customs duty has been […]

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