Engro Fertilizers wins DuPont Award

KARACHI: Engro Fertilizers has been declared as one of only three global award winners at the virtual ceremony of 14th DuPont Safety and Sustainability Awards, a press release said on Wednesday. As a recipient of the Global Safety Innovation Award, Engro Fertilizers has been recognized for making innovative and systemic changes to its operations to […]

by Mrs. Anjum Shahnawaz

FBR notifies Chairman of Benami Adjudicating Authority

Mar 3

Taxation

FBR notifies Chairman of Benami Adjudicating Authority

ISLAMABAD: The government has appointed Dr. Muhammad Ali Khan as chairman of Benami Adjudicating Authority under the Benami Transactions (Prohibition) Act, 2017. The Federal Board of Revenue (FBR) on Wednesday issued the notification for the posting. Dr. Muhammad Ali Khan, is a BS-22 officer of Inland Revenue Service (IRS) and was posted as Member (Admin […]

by Mrs. Anjum Shahnawaz

PTA issues regulations for Mobile Device Manufacturing

Mar 3

IT & Telecom

PTA issues regulations for Mobile Device Manufacturing

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Wednesday said it has issued Mobile Device Manufacturing (MDM) regulations and has started receiving applications for mobile device manufacturing. In a statement the PTA said that the implementation of PTA’s Device Identification, Registration and Blocking System (DRIBS) in 2019 had resulted in significant increase in legal import of mobile […]

by Mrs. Anjum Shahnawaz

Stock market gains 197 points as activity seen in energy sector

Mar 3

Stock & Commodity

Stock market gains 197 points as activity seen in energy sector

KARACHI: The stock market gained 197 points on Wednesday owing to fresh flows from investors into energy chain on back of release of funds from the government. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,160 points as against previous day’s close of 45,964 points showing an increase of 197 points. Analysts […]

by Mrs. Anjum Shahnawaz

Rupee appreciates by 72 paisas against dollar

Mar 3

Money & Banking

Rupee appreciates by 72 paisas against dollar

The Pakistani Rupee demonstrated resilience, gaining 72 paisas against the US Dollar on Wednesday. The surge is attributed to the sustained growth in export receipts witnessed throughout the current fiscal year.

by Mrs. Anjum Shahnawaz

FBR starts harmonizing Inland Revenue codes to simplify tax laws

Mar 3

Taxation

FBR starts harmonizing Inland Revenue codes to simplify tax laws

ISLAMABAD: Federal Board of Revenue (FBR) has started harmonizing Inland Revenue codes in order to simplify and consolidate the tax laws, sources said on Wednesday. The harmonization of IR codes has been started under World Bank funded ‘Pakistan Raises Revenue Project’. The FBR said that it had received financing from the World Bank towards the […]

by Mrs. Anjum Shahnawaz

E-intermediary defined by Income Tax Rules

Mar 3

Definitions

E-intermediary defined by Income Tax Rules

E-intermediary is explained as a person or a firm appointed on behalf of another person or a firm to get the job done. The Income Tax Rules, 2002 updated up to September 08, 2020 issued by the Federal Board of Revenue (FBR) explained “e-intermediary” as a person registered as,- (i) Chartered Accountant with the Institute […]

by Mrs. Anjum Shahnawaz