The Federal Board of Revenue (FBR), Pakistan’s premier tax collection agency, has surpassed its revenue collection target for the fiscal year 2020/2021.
ISLAMABAD: The government on Wednesday announced an increase in price of petrol by Rs2 to Rs112.69 per liter from Rs110.69 with effect from July 01, 2021. A statement said that the price of high speed diesel (HSD) has been increased by Rs1.44 to Rs113.99 per liter from Rs112.55. The price of kerosene oil has been […]
ISLAMABAD: Declaring business bank accounts has become mandatory from July 01, 2021 otherwise a monetary penalty would be imposed. However, taxpayers have been given to update their registration profile along with business bank accounts up to September 30, 2021. According to the Finance Act, 2021 a new definition has been included in the Income Tax […]
The Pakistan Stock Exchange (PSX), country’s share market, concluded the fiscal year on a positive note as the benchmark KSE-100 index surged by 218 points amidst brisk trading on Wednesday.
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday waived the condition of bank guarantee and pay order under temporary import against exempt sales tax and customs duty. The FBR issued SRO 847(I)/2021 to allow the persons availing facility of temporary importation for subsequent exportation to clear consignments without submitting bank guarantee or pay order. However, […]
ISLAMABAD: The government has imposed additional 75 paisas as federal excise duty (FED) on a mobile phone call if its duration exceeds five minutes. The national assembly approved the changes in the law after the Federal Board of Revenue (FBR) will collect additional 75 paisa FED on a call above five minutes. According to the […]
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on June 30, 2021.
KARACHI: The Pak Rupee gained 20 paisas against the dollar on Wednesday owing to substantial inflows of remittances and export receipts. The rupee ended Rs157.54 to the dollar from the previous day’s closing of Rs157.74 in the interbank foreign exchange market. Currency experts said that the market witnessed inflows of remittances from overseas Pakistanis who […]
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They […]
KARACHI: Hubco, Pakistan’s largest IPP has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years, a statement said on Wednesday. Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel […]