ISLAMABAD: Asim Ahmed, a BS-21 officer of Inland Revenue Service (IRS), has assumed the charge of 30th Chairman, Federal Board of Revenue (FBR) on Friday. Asim has transferred to the post of FBR chairman from the post of Member (IT). On the same day, Asim Ahmed also assumed the additional charge of the post of […]
ISLAMABAD: President of Pakistan, Dr. Arif Alvi on Friday signed the Pakistan Single Window Act, 2021, a statement said. Under the Pakistan Single Window Act, an independent institution having a Governing Council and Secretariat, would be established for the facilitation of national and international trade. The new law will provide a coordinated one-window system to […]
ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) has reached to 139,620, a press release said on Friday. Out of the total registered companies, 118,280 companies are active, which accounts for 85 percent of total companies which are filling their annual returns, it added. The SECP said that […]
ISLAMABAD: The tax collection on salary income has posted a sharp growth of 69 percent during tax year 2020, which may be attributed to change in tax slabs for salaried persons. The tax collection on salary income increased to Rs129.43 billion during tax year 2020 as compared with Rs76.5 billion in the preceding tax year, […]
KARACHI: The stock market increased by 445 points on Friday owing to improved investors’ sentiments during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,186 points as against previous day’s closing of 44,741 points, showing an increase of 445 points. Analysts at Arif Habib Limited said that the market inched […]
KARACHI: The State Bank of Pakistan (SBP) on Friday announced that it will retain credit history of defaulters and delayed payments in Electronic Credit Information Bureau (eCIB) from July 01, 2021. Currently the eCIB is maintaining the credit history of default and delayed payment of borrowers only for one year. The SBP in a statement […]
KARACHI: The board of directors of Engro Corporation Limited has approved $31.4 million for commencement of a study on a projected related to petrochemical chemical for future investment prospects. In an information shared with the Pakistan Stock Exchange (PSX), the company said that the board in its meeting held on April 08, 2021 approved an […]
The Federal Board of Revenue (FBR) has issued special office timings to be observed during the upcoming holy month of Ramazan.
KARACHI: The US dollar fell by eight paisas against the Pak Rupee on Friday owing to foreign inflows of Eurobonds issuance and lower import payment demand. The rupee ended Rs152.94 to the dollar from previous day’s closing of Rs153.02 in the interbank foreign exchange market. Currency dealers said that the State Bank of Pakistan (SBP) […]
KARACHI: Federal Board of Revenue (FBR) may reintroduce track and trace system for tobacco products by end-June 2021 with a new strategy after a higher court declared the earlier system invalid. According to country report on Pakistan issued by the International Monetary Fund (IMF) on Thursday, the Pakistan authorities through Letter of Intent (LOI) pledged […]