Pakistan Revenue
ISLAMABAD: Asim Ahmad has assumed as the 32nd chairman of the Federal Board of Revenue (FBR) from April 27, 2022. It is second term of Asim Ahmad to serve the apex tax agency of Pakistan. Prior the present posting, he served as FBR chairman during April 09, 2021 to August 24, 2021. He is the […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday made tax stamps mandatory for packing and supply of fertilizer bags. The FBR issued Sales Tax General Order (STGO) No. 15 of 2022 to implement track and trace system under SRO 250/2019 related to fertilizer bags. The FBR said that the provisions of Section 40C (2) […]
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ISLAMABAD: President of Pakistan, Dr. Arif Alvi has directed the Federal Board of Revenue (FBR) to bring entire supply chain of sugar sector into to tax net. Dr Arif Alvi directed the tax authorities to bring into the tax net the unregistered wholesalers, dealers or distributors of sugar buying huge quantities from sugar mills to […]
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ISLAMABAD: The President of Pakistan, Dr. Arif Alvi, has rejected the appeal of a NAB official to set aside the major penalty awarded to him over unlawful communication of official information for benefits of corruption. He also directed NAB to proceed against other officers involved in such cases and if found guilty punish them for […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has launched online monitoring of sales and purchases by steel sector. The FBR issued draft amendment to Sales Tax Rules, 2006 through SRO 541(I)/2022 dated April 22, 2022. READ MORE: FBR forms committee to resolve pharmaceutical tax issues The tax body proposed amendment to Rule 150FZ for electronic […]
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KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on April 21, 2022 (The rates are updated at 05:40 AM (Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 133.10 135.10 Bahrain Dinar (BHD) 386.50 388.50 Canadian Dollar (CAD) 143.10 145.10 China Yuan (CNY) 23.55 23.95 Danish Krone (DNK) 23.65 23.95 […]
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KARACHI: Federal Board of Revenue (FBR) on Wednesday constituted a committee for resolution of issues of pharmaceutical companies. The issues resolution committee will be headed by Chief Commissioner-Inland Revenue, Large Taxpayers Office (LTO), Karachi and comprising officers of FBR for resolution of issues of pharmaceutical companies. READ MORE: FBR allocates quota for industries in erstwhile […]
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KARACHI: The State Bank of Pakistan (SBP) has announced the latest exchange rates for customers, effective April 18, 2022, based on the weighted average rates of commercial banks. These indicative rates are provided for informational purposes, reflecting estimates quoted by various commercial banks to their clients. Karachi, April 16, 2022 – In its ongoing commitment […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday allocated quota of raw material import on free of duty and taxes for industries located in erstwhile FATA/PATA. The FBR issued Sales Tax General Order (STGO) No. 14 dated April 16, 2022 regarding quota for import of raw materials for industries located in erstwhile FATA/PATA. The […]
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KARACHI: Bullish trend likely to prevail in the stock market during next week owing to clarity on the political front. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week. READ MORE: KSE-100 index gains 117 points amid positive sentiments With commencement of the result season and clarity on […]
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