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Author: Mrs. Anjum Shahnawaz

FBR Building 02

FBR updates Sales Tax Act incorporating new rates of 18% and 25%

March 7, 2023March 7, 2023Mrs. Anjum Shahnawaz

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.

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FBR logo

FBR to make recovery from jewelers, real estate agents in money laundering cases

March 7, 2023March 7, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.

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Hajj 2023

Pakistan to provide foreign exchange cover of $90 million for Hajj – 2023

March 7, 2023March 7, 2023Mrs. Anjum Shahnawaz

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.

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Exchange Rates

Foreign currency rates in PKR – March 07, 2023

March 7, 2023March 7, 2023Mrs. Anjum Shahnawaz

KARACHI: Following are the open market exchange rates of foreign currencies in Pakistani Rupee (PKR) in Pakistan on March 07, 2023.

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FBR Blue

FBR updates Active Taxpayers List up to March 05, adds more return filers

March 6, 2023March 6, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued updated Active Taxpayers List (ATL) for tax year 2022 including the names of those taxpayers who filed their income tax returns up to March 05, 2023.

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Exchange Rates

Foreign currency rates in PKR – March 06, 2023

March 6, 2023March 6, 2023Mrs. Anjum Shahnawaz

KARACHI: Following are the open market exchange rates of foreign currencies in Pakistani Rupee (PKR) in Pakistan on March 06, 2023.

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FBR Building 02

FBR directs companies to provide details of beneficial owners by Dec 31

March 4, 2023March 4, 2023Mrs. Anjum Shahnawaz

KARACHI: Federal Board of Revenue (FBR) has tightened laws pertaining to disclosure of beneficial owners by directing all companies and Association of Persons (AOPs) to provide details by December 31, 2023.

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SEC Pakistan

SECP issues draft regulations for Shariah compliant securities

March 4, 2023March 4, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Friday issued draft regulations with aim to strengthen Shariah compliant securities.

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FBR logo

FBR’s Inland Revenue office makes recovery despite stay order

March 4, 2023March 4, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: An office of Inland Revenue of the Federal Board of Revenue (FBR) has disrespected the legal order by making tax recovery from a bank account of a taxpayer despite a stay order was granted to avoid harsh measure.

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petroleum prices in pakistan

Prices of diesel, petrol jump by 93.82% and 77.89% in latest inflation numbers

March 3, 2023March 3, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: The prices of diesel and petrol have recorded an increase of 93.82 per cent and 77.89 per cent, respectively in the latest inflation numbers.

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  • Pakistan abolishes 18% sales tax on shipping industry
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