Pakistan Revenue
ISLAMABAD: A leading scholar of the country on Sunday urged commercial banks to withdraw their appeals against the order of Federal Shariat Court (FSC). The FSC judgment declared that Riba (usury) is Haram and prevailing banking system with interest system should be abolished forthwith. READ MORE: State Bank, NBP to withdraw petitions in Riba case: […]
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A separate declaration for immovable property income has been allowed only for those returns filed prior October 13, 2022. The FBR issued SRO 2068(I)/2022 dated December 01, 2022 to enforce the draft amendments issued through SRO 2052(I)/2022 dated November 22, 2022. As per the instant SRO 2068(I)/2022, the FBR said that where return has been […]
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The Federal Board of Revenue (FBR) has announced a reduction in customs duty to 15% for components used in the assembly or manufacture of cars in any kit form.
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ISLAMABAD: Federal Board of Revenue (FBR) has detected about 89 big retailers for a compulsory integration of their transactions. FBR in this regard issued Sales Tax General Order (STGO) No. 05 of 2023 for Tier-1 retailers to integrate their businesses with the FBR’s Point of Sale (POS) System. According to Sales Tax Act, 1990 updated […]
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Directorate of Intelligence and Investigation (Customs) Lahore has announced auction of motor vehicles to be held on December 03, 2022. The auction will be held at State Warehouse, Directorate of Intelligence and Investigation (Customs), 358 Jahanzeb Block, Allama Iqbal Town, Lahore. The directorate announced auction of following motor vehicles: READ MORE: Tax commission constituted to […]
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ISLAMABAD: Ministry of National Health Services, Regulations and Coordination, in collaboration with Common Management Unit for AIDS, TB and Malaria, UNAIDS, WHO, UNDP UNICEF, UNFPA, UNODC, APLHIV commemorated World AIDS Day 2022. This year theme of the World AIDS Day is “Equalize”, this slogan is a call to action to increase availability, quality of services […]
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ISLAMABAD: Pakistan exports have registered 18.34 per cent decline Year on Year (YoY) in November 2022 owing to import restrictions and slowdown in global demand. Data released by Pakistan Bureau of Statistics (PBS) on Thursday revealed that exports fell to $2.37 billion in November 2022 when compared with $2.9 billion in the corresponding month last […]
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KARACHI: Official foreign exchange reserves of State Bank of Pakistan (SBP) have declined by $327 million by week ended November 25, 2022 leaving import cover of only one and half months. The official foreign exchange reserves of the SBP fell by $327 million to $7.499 billion by week ended November 25, 2022 as compared with […]
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ISLAMABAD: Finance Minister Ishaq Dar has constituted a high powered tax commission for identifying bottlenecks in tax system and recommending pro-economic policies. The Federal Board of Revenue (FBR) issued a notification on Thursday regarding constitution of Reforms and Resource Mobilization Commission (RRMC). The commission comprising following members: READ MORE: FBR notifies circular to allow third […]
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Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 23.8 per cent in November 2022, according to official data revealed on Thursday. CPI inflation General, increased to 23.8 per cent on year-on-year basis in November 2022 as compared to an increase of 26.6 per cent in the previous month and 11.5 per cent […]
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