April 28, 2024

Pkrevenue.com

Pakistan Revenue

Month: September 2021

Cellular spectrum auction generates $30 million: PTA
Sep 29
IT & Telecom

Cellular spectrum auction generates $30 million: PTA

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Tuesday said that an amount of $30 million has been generated as revenue from first-ever cellular spectrum auction for Next Generation Mobile Service (NGMS) in Azad Kashmir Jammu and Kashmir (AJ&K) and Gilgit Baltistan. The first-ever cellular spectrum auction for Next Generation Mobile Services (NGMS) in Azad Jammu & […]

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Disclosure of information by public servant in tax matters
Sep 28
Taxation

Disclosure of information by public servant in tax matters

Section 216 of Income Tax Ordinance, 2001 has explained that public servants cannot disclose information in tax matters. 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 216 of Income Tax Ordinance, 2001: 216. Disclosure […]

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FBR extends IR working hours for tax collection
Sep 28
Taxation

FBR extends IR working hours for tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed offices of Inland Revenue (IR) to observe extended working hours to facilitate taxpayers in payment of duty and taxes. In an official memorandum, the FBR directed all the IR offices including Large Taxpayers Office (LTOs), Medium Tax Office (MTO), Corporate Tax Offices (CTOs) and Regional […]

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Stock market gains 457 points in mixed trading
Sep 28
Stock & Commodity

Stock market gains 457 points in mixed trading

KARACHI: The stock market witnessed a gain of 457 points on Tuesday in mixed trading sessions. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,275 points as against the previous day’s closing of 44,818 points, showing an increase of 457 points. Analysts at Arif Habib Limited said that initially the market […]

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FPCCI demands tax return filing date extension
Sep 28
Trade & Industry

FPCCI demands tax return filing date extension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded the tax authorities of extending the return filing date at least for two months. In a statement, FPCCI President Mian Nasser Hyatt Maggo, demanded the Federal Board of Revenue (FBR) to extend the deadline for tax filing by two months to facilitate […]

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PM requested for return filing date extension
Sep 28
Taxation

PM requested for return filing date extension

KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday apprised Prime Minister Imran Khan about difficulties in the filing income tax returns and requested for date extension up to December 31, 2021. KTBA President Muhammad Zeeshan Merchant in a letter sent to the prime minister highlighted the technical errors on the IRIS portal of the Federal […]

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KIBOR rates on September 28, 2021
Sep 28
Money & Banking

KIBOR rates on September 28, 2021

KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on September 28, 2021.  Tenor BID OFFER 1 – Week 7.22 7.72 2 – Week 7.26 7.76 1 – Month 7.30 7.80 3 – Month 7.52 7.77 6 – Month 7.91 8.16 9 – Month 8.18 8.68 1 – Year 8.39 8.89

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Rupee hit new low against dollar at Rs169.97
Sep 28
Money & Banking

Rupee hit new low against dollar at Rs169.97

KARACHI: The Pak Rupee (PKR) fell to another record low against the dollar on Tuesday to end at Rs169.97 in the interbank foreign exchange market. The rupee lost 37 paisas against the dollar to end at a new historic low of Rs169.97 from previous day’s record low of Rs169.60 in the interbank foreign exchange market. […]

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