Pakistan Revenue
ISLAMABAD: Pakistan Software Houses Association for IT and ITES (P@SHA) has announced to hold 18th Annual ICT Awards in October 2022. A statement issued August 14, 2022, said that P@SHA, the apex trade body for the IT and IT-enabled Services (ITeS) industry is conducting the 18th annual P@SHA ICT awards later in October this year […]
Continue Reading
ISLAMABAD: Pakistan Meteorological Department (PMD) on Saturday issued warnings of thundershower and urban flooding in various parts of the country. In a statement, the Met Office informed a depression has developed in Arabian Sea which is likely to move towards west along Makran coast. “Due to this weather system monsoon currents are continuously penetrating in southern […]
Continue Reading
ISLAMABAD: Pakistan and Türkiye Friday signed the Preferential Trade Agreement (PTA) for enhancing trade in goods between the two countries. Prime Minister Shehbaz Sharif witnessed the signing of the PTA at a ceremony held at the PM Office, as the visiting Turkish Trade Minister Dr Mehmet Mus and Minister for Commerce Syed Naveed Qamar signed […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue on Friday directed the officials of Pakistan Customs Service (PCS) to provide information related to dual nationality. The FBR – the apex tax collecting agency of Pakistan – has circulated an official memorandum in this regard to all chief collectors/collectors of customs and all directors general of customs department. […]
Continue Reading
KARACHI: Pakistan’s foreign exchange reserves have declined 43-month low at $13.56 billion by week ended August 05, 2022. The foreign exchange reserves of country fell by $648 million as those were $14.21 billion a week ago i.e. July 29, 2022, the State Bank of Pakistan (SBP) said on Thursday. READ MORE: Pakistan’s foreign reserves dip […]
Continue Reading
ISLAMABAD: Pakistan has decided to roll back the fixed tax scheme, which was introduced in the Finance Act, 2022 for retailers to pay sales tax through electricity bills. The government took the decision after severe protest from stakeholders, which also included those service providers who were not under the jurisdiction of federal tax authority. In […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed major penalty upon a customs officer on the charges of corruption, misconduct and inefficiency. The FBR said disciplinary proceedings were initiated against Imran Fareed, Inspector (BS-16), Collectorate of Customs Enforcement, Lahore by the authority/ member (Admn/HR), FBR vide Order of Inquiry dated 19.01.2022 on account […]
Continue Reading
ISLAMABAD: Pakistan has welcomed the announcement of United Arab Emirates (UAE) for investment of $1 billion in various economic and investment sectors. Prime Minister Shehbaz Sharif held a telephonic conversation with the President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday. READ MORE: Pakistan’s foreign reserves dip to […]
Continue Reading
WASHINGTON: The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) Monday sanctioned virtual currency mixer Tornado Cash, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019.
Continue Reading
Pakistan has increased profit rates for saving accounts to 13.50 per cent per annum from 12.25 per cent. The Central Directorate of National Savings (CDNS), the authority to manage the saving schemes in Pakistan, has announced the increase in profit rates on various schemes. READ MORE: Pakistan hikes key policy rate by 125 basis points […]
Continue Reading