Pakistan is likely to make announcement to review petroleum prices ahead of scheduled date of January 31, 2023 considering the long queue at fuel stations fearing massive price hike.
(more…)Author: Mrs. Anjum Shahnawaz
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FBR shares asset declaration of civil servants with banks
ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to share information of asset declarations of civil servants with commercial banks.
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FBR exempts duty and taxes on imports for flood relief
In a move aimed at facilitating and expediting flood relief efforts, the Federal Board of Revenue (FBR) announced on Wednesday that it would be waiving customs duty, excise duty, and taxes on consignments related to flood relief activities for the next three months.
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Tax notice placement on IRIS is not valid service: FTO
In a case, the Federal Tax Ombudsman (FTO) has observed that mere placement of notice on the IRIS does not constitute a valid service.
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RTO Rawalpindi confiscates NDP cigarettes worth millions of rupees
ISLAMABAD: The Regional Tax Office (RTO) Rawalpindi, in a proactive move, has confiscated non-duty paid cigarettes valued at millions of rupees in two separate raids.
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Jazz pays $106 million for license renewal
ISLAMABAD: Jazz, leading cellular mobile operator in Pakistan, has paid around $106 million as fee for license renewal, said an official statement issued Tuesday.
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No letup in rupee fall; dollar surges to PKR 230.40 in interbank
KARACHI: The Pakistani Rupee (PKR) continued its falling journey against the dollar on Tuesday and fell to PKR 230.40 in interbank foreign exchange market.
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SBP’s weighted average customer exchange rates on January 24, 2023
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for January 24, 2023.
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SBP allows one-time facilitation to importers for consignment clearance
KARACHI: State Bank of Pakistan (SBP) on Monday allowed one-time facilitation to importers who arrange funds to settle pending import payments.
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Pakistan’s renowned novelist becomes victim of online bank fraud
Pakistan’s renowned novelist Mirza Athar Baig has become victim of online bank fraud and lost Rs 1.1 million from his bank account.
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