Google is the first big tech company to announce a vaccine requirement for returning to its offices. The decision may push other tech companies to follow with similar moves. Google will now require employees who work in its offices to be fully vaccinated and is pushing back its start date for when they need to […]
New York City Mayor Bill de Blasio has announced to pay $100 for people to get vaccinated against the coronavirus. New Yorkers, who get their first vaccine dose, starting Friday at a city-run vaccination site will get a $100 incentive, the mayor announced Wednesday. News reports quoted De Blasio as saying the $100 will make […]
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a single identifier number for all domestic taxes.
KARACHI: Tax practitioners in Karachi have brought to light a concerning issue where banks are deducting withholding tax on proceeds from the exports of computer software and IT-enabled services, despite these being granted a 100% tax credit.
ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty of ‘dismissal from service’ upon a senior tax auditor for misconduct. Syed Ali Hussain, Senior Auditor (BS-16), Large Taxpayers Office, has been removed from service for absence from office without authorized leave. According to an office order issued on Wednesday, the FBR said disciplinary proceedings […]
KARACHI: Pakistan Stock Exchange (PSX) tumbled on Wednesday over growing concerns related to COVID lockdown. The market also fell on probe by regulator for unusual price movement in certain stocks. The benchmark KSE-100 index closed at 47,318 points as against 47,687 points, showing a decline of 369 points. Analysts at Arif Habib Limited said that […]
In a significant development, the Sindh Government’s decision to unilaterally increase the minimum wage from Rs17,500 to Rs25,000 has stirred discontent and alarm within the industrial sector, particularly in Karachi.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has organized a seminar for using Amazon platform.
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on July 28, 2021. Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.97 7.47 1 – Month 7.02 7.52 3 – Month 7.15 7.40 6 – Month 7.35 7.60 9 – Month 7.46 7.96 1 – Year […]
In a proactive move to support the ongoing efforts in the fight against the COVID-19 pandemic, the Federal Board of Revenue (FBR) has granted a significant tax exemption on the import of 30 million face masks.