Pakistan Revenue
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of January 20, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.62 10.12 2 – Week 9.69 10.19 1 – Month 9.80 10.30 3 – Month 10.18 10.43 6 – Month 11.20 11.45 9 – Month 11.24 11.74 […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued new rates of Federal Excise Duty (FED) on imported and locally assembled motor vehicles. The FBR revised upward the FED rates after the implementation of Finance (Supplementary) Act, 2022. In this regard the FBR issued Circular No. 06 of 2022. Through S. No. 55, 55B, […]
Continue Reading
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed a charter to protect the economy from any political or policymaking unpredictability. Acting President FPCCI, Khawaja Shahzeb Akram, proposed a non-political, inclusive, sustainable and legally-binding ‘Charter of Economy’ to forge an across the board contract and unflinching commitment towards economic growth, development and […]
Continue Reading
KARACHI: It has been made mandatory for banks to provide details of business accounts every month to the Federal Board of Revenue (FBR), official sources said on Wednesday. This is the additional information to be submitted by the banks along with details already mandatory for the financial institutions. READ MORE: Digital payments defined through Finance […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday said retailers, who integrated Point of Sale (POS), must have facility of debt and credit card machines to facilitate their customers in making payments. The FBR issued Circular No. 05 of 2022 regarding implementation of Rule 150ZEB(II) of the Sales Tax Rules, 2006. READ MORE: Who […]
Continue Reading
ISLAMABAD: Supernet Limited on Wednesday announced that they, in conjunction with their Australian technology partner Avara Technologies Pty Ltd have been awarded a new project within a long-term program that they were awarded in 2021 by a major Pakistani customer. The new project valued at approximately Rs250 million constitutes Phase 3 of the program for […]
Continue Reading
ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Wednesday said that Starlink is not a legit internet service provider in the country. The PTA in a press release informed the general public that satellite broadband provider Starlink had neither applied for nor obtained any license from PTA to operate and provide internet services in Pakistan. READ MORE: […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has been asked to facilitate startups and e-commerce across border exporters in the country. Special Assistant to the Prime Minister (SAPM) on E-Commerce, Senator Aon Abbas Buppi on Tuesday issued the directives at a meeting with FBR Chairman Dr. Muhammad Ashfaq. The SAPM also stated that startups is a […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday slashed sales tax rates on petrol and high speed diesel (HSD) in order to reduce the impact of high oil prices at consumer end. The FBR issued SRO 88(I)/2022 dated January 18, 2022 to notify changes the sales tax rates on supply of petroleum products. The sales […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday said it will re-notify the valuation of immovable properties on February 01, 2022. The FBR further said that the valuation issued on December 01, 2021 will remain in abeyance till January 31, 2022.
Continue Reading