Pakistan’s SPI inflation hits 42.27% YoY by week ended March 9
ISLAMABAD: Pakistan’s inflation based on Sensitive Price Indicator (SPI) recorded an increase of 42.27 per cent year on year (YoY) by week ended March 9, 2023.
Continue Reading
Author: Mrs. Anjum Shahnawaz
FTO recommends probe against Summit Bank in COO Omni Group case
Federal Tax Ombudsman (FTO) has recommended tax authorities to launch probe under Anti-Benami law against Summit Bank while disposing of a case lodged by a top official of Omni Group.
Continue Reading
FBR issues list of luxury imported, local goods for imposing 25% sales tax
The Federal Board of Revenue (FBR) in Pakistan issued a comprehensive list on Wednesday, March 8, 2023, outlining the imposition of a 25% sales tax on both imported and locally produced luxury goods.
Continue Reading
ECC approves Rs10 million for medical treatment of Jan Sher Khan
Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved an amount of Rs10 million for medical treatment of former world Squash Champion Jan Sher Khan.
Continue Reading
President, PM messages on International Women’s Day
ISLAMABAD: Pakistan’s President Dr. Arif Alvi and Prime Minister Shehbaz Sharif in their messages on International Women’s Day recognized the social, economic, cultural and political achievements of women.
Continue Reading
Pakistan slaps 25% sales tax on import of mobile phones valuing above $500
In an effort to generate additional revenue and bridge fiscal gaps, Pakistan has imposed a 25% sales tax on the import of mobile phones valued above $500 per piece, according to official sources.
Continue Reading
FBR updates Sales Tax Act incorporating new rates of 18% and 25%
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.
Continue Reading
FBR to make recovery from jewelers, real estate agents in money laundering cases
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
Continue Reading
Pakistan to provide foreign exchange cover of $90 million for Hajj – 2023
Pakistan has decided to provide foreign exchange cover of $90 million for Hajj 2023. This has been decided by the government while approving Hajj Policy.
Continue Reading
Foreign currency rates in PKR – March 07, 2023
KARACHI: Following are the open market exchange rates of foreign currencies in Pakistani Rupee (PKR) in Pakistan on March 07, 2023.
Continue Reading