Retirement for FBR officials for using political influence

Nov 20

Taxation

Retirement for FBR officials for using political influence

ISLAMABAD: Federal Board of Revenue (FBR) has warned the officials and officers of directory retirement in case they are found involved in exerting political pressure in service matters. The FBR through an official memorandum warned all the officials of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) of directory retirement for exerting political or […]

by Faisal Shahnawaz

SBP for close liaison to fight cyber-attacks, online frauds

Nov 20

Money & Banking, National

SBP for close liaison to fight cyber-attacks, online frauds

KARACHI: Dr. Reza Baqir, governor, State Bank of Pakistan (SBP) on Saturday held talks with Federal Investigation Agency (FIA) and banks to fight money laundering, cyber attacks, and online bank frauds. Governor State Bank of Pakistan, Dr. Reza Baqir, chaired a meeting today with Director General FIA Sanaullah Abbasi to strengthen and coordinate efforts of […]

by Faisal Shahnawaz

PM Imran directs facilitating Chinese industrialists

Nov 20

Finance, National, Top stories

PM Imran directs facilitating Chinese industrialists

ISLAMABAD: Prime Minister Imran Khan on Saturday directed the authorities to ensure all facilities on a priority basis to Chinese industrialists, who are ready to start operation in the country. In a meeting with Chinese businessmen, the prime minister said the country will support Chinese businesses in Pakistan on a priority basis and are grateful […]

by Mrs. Anjum Shahnawaz

Filing sales tax returns mandatory for registered persons

Nov 20

Taxation

Filing sales tax returns mandatory for registered persons

Filing the sales tax returns are mandatory for all registered persons under Section 26 of Sales Tax Act, 1990. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 26 of Sales […]

by Hamza Shahnawaz

Nov 20

Money & Banking

Today’s currency exchange rates in PKR – Nov 20, 2021

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 20, 2021 (The rates are updated at 10:12 AM Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 125.50 127.50 Bahrain Dinar (BHD) 386.75 388.50 Canadian Dollar (CAD) 138 140 China Yuan (CNY) 23.75 23.90 Danish Krone (DNK) 23.45 23.75 Euro (EUR) 197.50 199.50 Hong Kong […]

by Hamza Shahnawaz

Nov 20

Stock & Commodity

Weekly Review: market likely react to policy rate hike

KARACHI: The stock market is likely to react to a hike in the policy rate during next week. The State Bank of Pakistan (SBP) increased the key policy rate by 150 basis points to 8.75 per cent. Analysts at Arif Habib Limited said that following clarity in the monetary policy, the market will react accordingly […]

by Faisal Shahnawaz

SBP announces overnight repo ceiling, floor rates

Nov 20

Money & Banking

SBP announces overnight repo ceiling, floor rates

KARACHI: The State Bank of Pakistan (SBP) on Friday announced overnight repo and overnight reverse repo rates following an increase in the key policy rate to 8.75 per cent. The SBP said that it decided to increase the ‘Policy Rate’ (Target Rate) from 7.25 per cent to 8.75 per cent. SBP Overnight Reverse Repo (Ceiling) […]

by Hamza Shahnawaz

FBR sacks director customs audit on NAB conviction

Nov 20

Pakistan Customs, Taxation

FBR sacks director customs audit on NAB conviction

The Federal Board of Revenue (FBR) has demonstrated its commitment to maintaining integrity and accountability within its ranks by dismissing a director of the Directorate of Internal Audit – South (Customs), Karachi.

by Mrs. Anjum Shahnawaz

Ch. Tarique posted as Chief Commissioner CTO Lahore

Nov 20

Taxation

Ch. Tarique posted as Chief Commissioner CTO Lahore

The Federal Board of Revenue (FBR) took decisive steps on Friday, announcing the transfer and posting of Ch. Muhammad Tarique, a BS-21 officer of the Inland Revenue Service (IRS), as the Chief Commissioner Inland Revenue at the Corporate Tax Office (CTO) Lahore.

by Faisal Shahnawaz