Section 100B of Income Tax Ordinance, 2001 presents a special provision outlining the computation of capital gain tax on listed securities, ushering in a more structured approach to the taxation of gains derived from stock market transactions.
ISLAMABAD: Finance Minister Shaukat Tarin on Monday directed tax authorities to expeditiously release refunds to importers of edible oil importers. He issued the directive at a meeting with a delegation of Pakistan Vanaspati Manufacturers Association (PVMA). The finance minister directed the chairman of Federal Board of Revenue (FBR) to assure expeditious disbursement of refunds to […]
Facebook in collaboration with Zindagi Trust launched a campaign in Pakistan to educate the public about the harm caused by sharing child abuse material online, and the importance of reporting it through proper channels. This campaign follows research conducted by Facebook, the National Center for Missing and Exploited Children (NCMEC) and Professor Ethel Quayle, a […]
Karachi Tax Bar Association (KTBA) has pointed out unauthorized access to information of taxpayers by retired tax officials and privately hired persons. The KTBA in a letter to the Chairman of Federal Board of Revenue (FBR) pointed out recent perturbing news of hacking of taxpayers’ data which is archived, held and managed by the FBR/PRAL […]
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 512 points on Monday as market remained positive during the day. The index closed at 48,112 points as against previous closing on Friday at 47,600 points, showing an increase of 512 points. Analysts at Arif Habib Limited said that the market traded in the positive […]
Washington, DC: International Monetary Fund (IMF) on Monday started distribution of the largest ever allocation of $650 billion to provide additional liquidity to the global economic system. Ms. Kristalina Georgieva, Managing Director of the IMF made the following statement on Monday: “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect […]
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) on August 23, 2021. Tenor BID OFFER 1 – Week 6.87 7.37 2 – Week 6.93 7.43 1 – Month 7.00 7.50 3 – Month 7.14 7.39 6 – Month 7.30 7.55 9 – Month 7.44 7.94 1 – Year […]
KARACHI: All candidates of Businessmen Group (BMG) have been elected unopposed for the Managing Committee of Karachi Chamber of Commerce & Industry (KCCI) for the year 2021-2022. A statement said issued on Monday, a total of 30 nominations were received by the Election Commission from candidates belonging to the Businessmen Group. The Election Commission, after […]
State Bank of Pakistan (SBP) has completed the project of digitalization forex cases namely End-to-End Digitalization of FX Cases.
State Bank of Pakistan
ISLAMABAD: Pakistan has registered an increase in the exports to seven regional countries by 20.50 per cent in the first month of the financial year (2021-2022) as compared with the corresponding month of the last year. The State Bank of Pakistan (SBP) reported that the countries in the seven regional countries including Afghanistan, China, India, […]