Islamabad, January 18, 2024 – The Federal Board of Revenue (FBR) has issued valuation of locally produced steel products for collection of sales tax.
State Bank of Pakistan
New initiatives to facilitate digital financial products have been unveiled by the State Bank of Pakistan (SBP) to boost digitalization.
KARACHI: WhatsApp has introduced new features including View Once photos and videos that disappear from the chat after they have been opened. These features will give users even more control over their privacy, a statement issued said on Wednesday. For example, you might send a View Once photo of some new clothes you’re trying on […]
KARACHI: The stock market made a gain of 32 points on Wednesday in a range bound trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,790 points as against previous day’s closing of 47,758 points, showing an increase of 32 points. Analysts at Arif Habib Limited said that the […]
KARACHI: The Pak Rupee (PKR) made a gain of 42 paisas against the dollar on Wednesday after witnessing deterioration in first two days of the week. The rupee ended Rs163.47 to the dollar from previous day’s closing of Rs163.89 in the interbank foreign exchange market. The local currency lost Rs1.46 against the dollar during first […]
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on August 04, 2021. Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year […]
Section 46 of the Income Tax Ordinance, 2001, has been brought to the forefront as it grants tax exemption to non-resident persons on profit earned from securities issued by resident entities.
Section 45 of the Income Tax Ordinance, 2001 ensures tax exemption on award, medal, or monetary allowances granted by the President of Pakistan.
Section 44 of Income Tax Ordinance, 2001 has granted exemption under international tax treaties. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021.  Following is the text of Section 44 of the Income Tax Ordinance, 2001: 44. Exemptions under […]
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide […]