Pakistan Revenue
KARACHI: Pakistan Petroleum Limited (PPL) & ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide Back Office Accounting Services for PPL’s Retirement Funds. This is a continuation of an earlier arrangement between ITMinds and PPL through which ITMinds had been successfully […]
Continue Reading
ISLAMABAD: Pakistan Telecommunication Authority (PTA) on has renewed license of Jazz at a price of $449.2 million, according to a statement issued on Monday. The PTA said that after dismissal of a petition from Islamabad High Court, PTA has renewed Jazz License due for renewal since 2019. Renewed License has enhanced terms and conditions for […]
Continue Reading
KARACHI – The following are the exchange rates of major foreign currencies against the Pakistani Rupee (PKR) in the open market on October 18, 2021.
Continue Reading
ISLAMABAD: The ministry of finance on Sunday rejected a news story regarding failure of talks between Pakistan and the International Monetary Fund (IMF), said there was not any deadlock with the IMF. Finance ministry spokesman Muzammil Aslam, in a statement, said that there was not truth in news about the deadlock, adding that the talks […]
Continue Reading
The Federal Board of Revenue (FBR) has specified the tax rates on shipping and air transport income earned by non-resident persons under Section 7 of the Income Tax Ordinance, 2001.
Continue Reading
The Federal Board of Revenue (FBR) has announced updated tax rates for payments made to certain non-residents, specifically on account of royalty or fees for technical services, as defined under Section 6 of the Income Tax Ordinance, 2001.
Continue Reading
The rate of tax on return on investment in sukuks received from a special purpose vehicle has been defined under Section 5AA of Income Tax Ordinance, 2001.
Continue Reading
The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) has rejected hike in prices of petroleum products and electricity. BMP Chairman Mian Anjum Nisar, while strongly reacting to increase in electricity base tariff by Rs 1.39 per unit for the second time in one year, along with exorbitant hike of […]
Continue Reading
KARACHI: The State Bank of Pakistan (SBP) has made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators and payment system providers to provide digital means of payments to their corporate clients to enable businesses for sending and receiving their payments. Ina statement issued on Friday, the central bank said […]
Continue Reading
KARACHI: Khalid Mehmood, Chairman, Sindh Revenue Board (SRB) on Friday said that many indenters are still not paying tax and opted to approach court. SRB chairman stated this while sharing views with the members of Karachi Chamber of Commerce and Industry (KCCI). Khalid Mehmood said that sincere efforts were made to resolve the indenters issue […]
Continue Reading