Islamabad – The Federal Board of Revenue (FBR) has shed light on the calculation of income tax concerning the fair market value of various assets, services, and properties.
In a bid to enhance clarity and transparency in tax calculations, the Federal Board of Revenue (FBR) in Pakistan has emphasized the importance of Section 67 of the Income Tax Ordinance, 2001.
The Federal Board of Revenue (FBR) has unveiled insights into the tax treatment of properties co-owned by two or more individuals through Section 66 of the Income Tax Ordinance, 2001.
KARACHI: The net profit of Meezan Bank Limited has increased to Rs12.6 billion for the first half year (January – June) of calendar year 2021. The profit after tax of the bank was Rs11.7 billion in the same half of the last year. The bank posted a growth of 8 per cent in its half […]
KARACHI: The stocks ended down by 107 points on Thursday amid trading in range bound activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,271 points as against previous day’s closing of 47,377 points. Analysts at Arif Habib Limited said that after posting an uptick yesterday, the index again traded range bound […]
KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on August 12, 2021. Tenor BID OFFER 1 – Week 6.87 7.37 2 – Week 6.93 7.43 1 – Month 6.99 7.49 3 – Month 7.14 7.39 6 – Month 7.32 7.57 9 – Month 7.43 7.93 1 – Year […]
KARACHI: The Pak Rupee ended down by nine paisas against the dollar on Wednesday owing to higher import payment demand. The rupee ended Rs164.01 to the dollar from the previous day’s closing of Rs163.92 in the interbank foreign exchange market. Currency experts said that the ease in coronavirus restrictions had increased the demand for import […]
KARACHI: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Thursday, August 12, 2021.
The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on sale and purchase of immovable properties.
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on August 12, 2021: