Pakistan Revenue
The Federal Board of Revenue (FBR) has issued taxpayers’ charter to define rights of the taxpayers and their obligation toward their liability to pay tax. According to the FBR, the taxpayers’ charter defines rights and obligations of taxpayers, which will help eliminate the traditional perception and create a new tax culture of mutual trust, confidence […]
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ISLAMABAD: The International Consortium of Investigative Journalists (ICIJ) has shared information related to the Pandora Papers with the Prime Minister’s Inspection Commission (PMIC), a statement said on Wednesday. It said that the investigation into Pandora Papers is now at a fairly advanced stage. In the first phase, PMIC collated information regarding the individuals and entities […]
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ISLAMABAD: A delegation representing Brother Gas UAE has shared with the Board of Investment (BOI) that they will be investing in three phases, with an initial investment of $15 million. The first phase will include setting up a plant in M3 industrial area in Faisalabad which will serve the local market and facilitate export to […]
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ISLAMABAD: Pakistan on Wednesday established a fund namely ‘Afghanistan Relief Fund’ to provide humanitarian assistance to Afghanistan. According to a notification issued by the Finance Division, all proceeds on account of ‘Afghanistan Relief Fund’ and payment into the aforesaid fund will be received at all branches of State Bank of Pakistan, all treasuries and branches […]
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KARACHI: The Pakistan Stock Exchange (PSX) experienced a subdued trading day on Wednesday, with the benchmark KSE-100 index closing down by a marginal 7 points at 43,847 points, compared to the previous day’s close of 43,853 points.
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The Federal Board of Revenue (FBR) has opted to postpone the implementation of valuation tables for immovable properties following concerns raised by various stakeholders.
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The Federal Board of Revenue (FBR) has issued a notification, SRO 1579(I)/2021, announcing revisions in the sales tax rates on various petroleum products, excluding petrol.
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ISLAMABAD: A deal has been signed on Sunday by Pakistan and Saudi Arabia for certification and employment of Pakistani skilled workforce through Takamol and NAVTTC. The agreement was signed by Minister for Federal Education and Professional Training, Shafqat Mahmood from the Pakistan side, and Dr. Ahmad Jabbar Al Yamni, from Saudia Arabia Takamol side. The […]
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Various penalties have been prescribed under Section 33 (15, 16, 17, 18, 19, 21) of Sales Tax Act, 1990, issued by the Federal Board of Revenue (FBR). The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following […]
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ISLAMABAD: The Directorate of Customs Intelligence and Investigation, Multan has announced the auction of a huge quantity of confiscated POL (petroleum) products on December 07, 2021. The directorate invited sealed quotations/bids along with 25 per cent earnest money in the form of pay order or bank demand in favor of collector of customs from the […]
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