Pakistan Revenue
KARACHI: The exchange companies are required to deploy biometric verification system (BVS) for transactions of foreign currencies from November 6, 2021. “All exchange companies are advised to deploy BVS as provided by NADRA at their outlets for biometric verification after November 05, 2021,” the State Bank of Pakistan (SBP) said in a communication on Thursday. […]
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ISLAMABAD: Prime Minister Imran Khan on Wednesday announced food subsidy package of Rs120 billion providing 30 percent discount at ghee, flour and pulses. The prime minister, in his televised address to the nation, said 20 million families would benefit from the subsidy package to be funded jointly by the federal and provincial governments. Under the […]
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KARACHI: The Pak Rupee (PKR) appreciated for sixth consecutive day on Wednesday as dollar fell below Rs170 in the interbank foreign exchange market. The rupee gained 57 paisas to close at Rs169.97 against the dollar from previous day’s closing of Rs170.54 in the interbank foreign exchange market. The local currency is making a continuous recovery […]
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ISLAMABAD: Prime Minister Imran Khan is likely to launch the single sales tax portal this month, the Federal Board of Revenue (FBR) said on Thursday. “Building further on its vision to facilitate taxpayers through automation, digitization, and minimization of human interaction with taxpayers, the FBR is all set to launch Single Sales Tax Portal. Prime […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for one month. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from November 01, 2021. The FBR issued Circular No. 09 of 2021-22 on Monday to allow an […]
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KARACHI: Xiaomi, a global consumer electronics and smartphone giant, has decided to manufacture mobile phones in Pakistan. In this connection, Xiaomi has joined hands with Select Technologies (Pvt) Limited (SELECT), a wholly-owned subsidiary of Air Link Communication Limited (AIRLINK), as its manufacturing partner for Xiaomi mobile phones in Pakistan. “We are targeting a production of […]
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The Federal Board of Revenue (FBR) has announced income tax exemption on the import of drones donated by the Chinese Ministry of Agriculture and Rural Affairs.
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KARACHI: The e-banking transactions recorded a significant increase during the fiscal year 2020/2021 as transactions worth Rs86.48 trillion were recorded through these channels. According to a report recently issued by the State Bank of Pakistan (SBP), during 2020/2021, about 1.2 billion transactions of valuing Rs86.5 trillion were processed through retail e-banking channels. These transactions showed […]
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The Federal Board of Revenue (FBR) has reported a significant achievement in revenue collection for the month of October 2021, surpassing the figures from the same period last year.
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ISLAMABAD: The Federal Board of Revenue (FBR) is all set to apply a digital mode of payment from November 01, 2021, for corporate entities as one of the largest banks in the country reported a cyber security incident. The digital mode of payment has been made mandatory from November 01, 2021. The FBR has already […]
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