ISLAMABAD: Pakistan’s trade deficit contracted by 33 per cent to $21.3 billion during first eight months (July – February) of fiscal year 2022-2023, according to official numbers released on Friday.
(more…)Author: Mrs. Anjum Shahnawaz
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Steel industry at brink of collapse amid raw material shortage, overhead costs
ISLAMABAD: Steel industry is at brink of collapse due to shortage of raw material and overhead costs. This scenario is compelling large producers to stay afloat as costs continue to mount.
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FBR removes taxpayers from ATL contesting deemed income in courts
ISLAMABAD: Federal Board of Revenue (FBR) has removed the names of taxpayers from Active Taxpayers List (ATL), who are contesting deemed income in various courts.
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FBR unveils new active taxpayers list for Tax Year 2022
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday, March 01, 2023 unveiled new Active Taxpayers List (ATL) for Tax Year 2022.
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FBR to squeeze taxpayers for generating Rs3.15 trillion in four months
ISLAMABAD: In pursuit of mammoth revenue target of Rs7.64 trillion, the Federal Board of Revenue (FBR) will squeeze taxpayers during four months (March – June) to generate Rs3.15 trillion.
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Pakistan’s headline inflation jumps to 31.5 pc in February
ISLAMABAD: Pakistan’s headline inflation has jumped to 31.5 per cent in February 2023 when compared with 12.2 per cent in the same month last year, official data revealed on Wednesday.
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National Bank declares Rs31 billion as net profit for CY22
KARACHI: National Bank of Pakistan (NBP) has declared net profit of Rs31 billion for calendar year 2022.
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Pakistani Rupee to Saudi Riyal – PKR to SAR on March 01, 2023
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on March 01, 2023:
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FBR explains increase in FED rates through Finance Supplementary Act 2023
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday explained the increased rate of Federal Excise Duty (FED) applied through Finance Supplementary Act, 2023.
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Sales tax rate enhanced to 18 pc for increasing tax to GDP ratio: FBR
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that standard rate of sales tax has been enhanced to 18 per cent to increase the tax to GDP ratio.
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