Islamabad – The Federal Board of Revenue (FBR) has withdrawn additional customs duty on various imported raw materials.
(more…)Author: Mrs. Anjum Shahnawaz
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ECC approves Rs5.6 bn for grounded PIA planes
ISLAMABAD: The Economic Coordination Committee of (ECC) the Cabinet on Tuesday approved additional guarantees to Pakistan International Airlines Company Limited (PIACL) of Rs 5.6 billion for repair and maintenance of engines and acquisition of related spare parts for operationalizing grounded planes.
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Registration of companies crosses 95,000: SECP
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total registration of corporate registration has crossed over 95,000 units following 1,317 new registrations in January 2019.
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Income Tax Ordinance 2001: requirement of filing annual return
KARACHI: Federal Board of Revenue (FBR) has explained requirement of filing income tax returns by persons and corporate entities.
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FBR withdraws penalty on seven customs officials
In a significant development, the Federal Board of Revenue (FBR) has withdrawn penalties imposed on seven customs officials, in compliance with judgments from the Federal Service Tribunal (FST) and the Supreme Court of Pakistan.
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Banking deposits decline to Rs13.057 trillion by January 2019
The deposits in Pakistan’s banking system witnessed a decline of 2.22 percent, totaling Rs13.057 trillion by the end of January 2019, as compared to Rs13.35 trillion recorded on December 31, 2018.
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Shah Muhammad posted as Member Admin
The Federal Board of Revenue (FBR) has undergone a strategic administrative reshuffle with the appointment of Shah Muhammad, a distinguished officer of the Inland Revenue Service (IRS) BS-21, as the new Member Administration at FBR Headquarters.
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Remittances grow by 12.22pc to $12.77 bn in seven months
KARACHI, February 12, 2019 – In a testament to the enduring support from overseas Pakistanis, remittances to the country have experienced a remarkable surge, witnessing a robust 12.22 percent increase to reach $12.774 billion during the first seven months of the fiscal year 2018/2019.
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Prices of essential items rise by 13.74 percent for income group above Rs35,000
Islamabad – The prices of essential items have witnessed a significant increase of 13.74 percent for the income group above Rs35,000 for the week ending February 07, 2019, compared to the corresponding week a year ago, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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Rupee depreciates by 40 paisas against dollar in early trading
Karachi – The Pakistani Rupee faced a depreciation of 40 paisas against the US dollar in early trade on Monday, influenced by heightened demand following the weekly holidays.
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