KARACHI: The withholding tax rate should be enhanced to 10 percent for non-filer purchaser of immovable property in the budget 2020/2021. Pakistan Business Council (PBC) in its budget proposals 2020/2021 recommended to... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has exempted the withholding tax on commission agent for disbursement of Ehsaas Emergency Program. The FBR issued SRO 315(I)/2020 dated April 16, 2020 to make amendment... Read more »
ISLAMABAD: The headline inflation has contracted to 10.2 percent in March 2020 as compared with inflation in the previous month. Pakistan Bureau of Statistics (PBS) on Wednesday said that Consumer Price Index... Read more »
KARACHI: The oil consumption during last 15 days of the current month has declined by an average 40 percent due to lockdown to control outbreak of coronavirus. Analysts at Topline Securities said... Read more »
KARACHI: The share market gained over 1,200 points on Tuesday owing to reports of tax relief announced by the government. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,231... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday asked terminal operators to provide 15-day free time to imported cargo at port area without demurrage and detention charges in the wake of coronavirus... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday extended the last date for payment of sales tax and federal excise duty up to April 12, 2020 for the month of February 2020.... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has appealed taxpayers to pay their duty and taxes in order to help the government to fight against coronavirus pandemic. In a statement on Tuesday the... Read more »
KARACHI: All Pakistan Textile Mills Association (APTMA) on Tuesday demanded the government of restoring zero-rate sales tax and reducing interest rate to five percent in order to help the industry and ensure... Read more »
KARACHI: People now can surrender Rs40,000 denomination bearer prize bonds by June 30, 2020 and exchange the amount with registered bonds or other given options. Finance Division on Tuesday issued a notification... Read more »