Section 100BA of the Income Tax Ordinance, 2001 introduces special provisions for persons not appearing on the Active Taxpayers’ List (ATL).
ISLAMABAD: Finance Minister Shaukat Tarin has emphasized to reduce the prices of cement as the industry is of paramount importance due to its backward and forward integration with the construction sector as a whole. The finance minister held a meeting with the representatives of cement manufacturers at the Finance Division on Tuesday. Federal Minister for […]
The Federal Board of Revenue (FBR) has laid out the procedure for claiming input tax credit against supplies made by individuals registered in Azad Jammu and Kashmir (AJK) and Gilgit Baltistan (GB).
Industries in Pakistan have been granted a total sum of Rs 6 billion under the Drawback on Local Taxes and Levies (DLTL) schemes, announced Abdul Razak Dawood, the adviser to the prime minister on Commerce and Investment, on Tuesday.
Engro Corporation Limited on Tuesday declared 84 per cent increase in after tax profit for the half ended June 30, 2021. The company announced Rs29.11 billion as net profit for first half (January – June) 2021 as compared with Rs15.8 billion in the same half of the last year. Engro delivered a strong operational performance […]
Dr. Muhammad Ashfaq Ahmed has been appointed as the new Chairman of the Federal Board of Revenue (FBR), marking a change in leadership at the forefront of Pakistan’s revenue management.
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended down by 284 points on Tuesday. The stocks fell due to profit-taking observed during the day, analysts said. The index closed at 47,828 points as against the previous day’s closing of 48,112 points, showing a decline of 284 points. The analysts at  Arif Habib […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on August 24, 2021. Tenor BID OFFER 1 – Week 6.87 7.37 2 – Week 6.94 7.44 1 – Month 7.00 7.50 3 – Month 7.15 7.40 6 – Month 7.30 7.55 9 – Month 7.44 7.94 1 – Year […]
KARACHI: The two central banks of Pakistan and Iran should devise a mechanism for swift payment in order to enhance bilateral trade between the two countries. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Tuesday while welcoming Hassan Nourian, Consul General of Islamic Republic of Iran […]
KARACHI: The US Dollar appreciated to Rs165.20 against the Pak Rupee (PKR) on Tuesday in the interbank foreign exchange market. The dollar made gain against the rupee despite transfer of $2.75 billion to the State Bank of Pakistan (SBP) from the International Monetary Fund (IMF). The rupee ended at Rs165.20 to the dollar from previous […]