Incentives approved for exchange companies on dollar surrender
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved incentive program for exchange companies on surrendering dollars in interbank.
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Author: Mrs. Anjum Shahnawaz
Prices of all POL products increased to wish New Year
ISLAMABAD: The government on Friday increased prices of all petroleum products to wish the nation the New Year 2022. The prices have been increased across the board around Rs4 per liter on all the products. READ MORE: Petrol price reduces to Rs140.82 per liter The prices have been implemented at 00:00 hours of January 01, […]
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FBR collects Rs2.92 trillion in first half of FY22
The Federal Board of Revenue (FBR) has achieved a significant milestone by provisionally collecting Rs2.92 trillion during the first half (July – December) of the fiscal year 2021/2022 (FY22), surpassing the half-year target of Rs2.63 trillion by an impressive Rs287 billion.
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Mini-budget: income tax rates proposed for foreign TV dramas
ISLAMABAD: The government on Thursday presented a mini-budget and introduced income tax rates for foreign produced TV dramas. The changes have been proposed through the Finance (Supplementary) Bill, 2021 presented before the parliament. Sources in the Federal Board of Revenue (FBR) said that the imposition of tax on foreign TV dramas would general sizeable revenue. […]
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Mini-budget: Advance tax on motor vehicles doubles
In a bid to curb the practice of on-money transactions on motor vehicles and boost advance tax revenues, the government has introduced significant changes in the Finance (Supplementary) Bill, 2021, commonly referred to as the mini-budget.
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Tax exemptions worth Rs343 billion withdrawn through mini-budget
The Pakistani government unveiled a mini-budget on Thursday, signaling the withdrawal of tax exemptions amounting to Rs343 billion.
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Text of Finance (Supplementary) Bill, 2021
ISLAMABAD: The federal government on Thursday presented the Finance (Supplementary) Bill, 2021 which is called mini-budget by many quarters due to changes in taxation system. According to Finance Minister Shaukat Tarin the government has reviewed tax exemptions. This withdrawal of tax exemption will not affect the common men. Following is the text of the Finance […]
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Amazon Software Technology Park inaugurated
ISLAMABAD: Amazon Software Technology Park, which is established in collaboration with Pakistan Software Export Board and Amazon Mall, has been inaugurated on Wednesday. Federal Minister for IT and Telecommunication Syed Amin Ul Haque inaugurated the technology park. READ MORE: USAID conducts training session on Amazon readiness MD Pakistan Software Export Board (PSEB) Osman Nasir, Chairman […]
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KSE-100 index up 216 points in range-bound trading
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a modest gain of 216 points on Wednesday, closing at 44,260 points, up from the previous day’s closing of 44,044 points.
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Rupee falls to new historic low of Rs178.24 to dollar
KARACHI: The Pak Rupee (PKR) fell to new historic low of Rs178.24 to the dollar on Wednesday owing to higher demand for import and corporate payments. The rupee fell by five paisas against the dollar from last day’s closing of Rs178.19, the previous record low of the rupee, in the interbank foreign exchange market. Currency […]
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