Pakistan Revenue
KARACHI: The stock market ended down by 108 points on Monday amid low volumes recorded during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 46,528 points as against last Friday’s closing of 46,636 points.
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ISLAMABAD: The federal government has announced a reduction of sales tax rate by 31.5 per cent on supply of High Speed Diesel (HSD). The rate sales tax on HSD has been reduced in order to lower the impact of higher prices pass on to the consumer. The Federal Board of Revenue (FBR) issued SRO 1225(I)/2021 […]
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ISLAMABAD: The Federal Board of Revenue (FBR) will recover a minimum amount of Rs10,000 as a penalty from salaried persons, who failed to file an income tax return during a tax year. The minimum penalty has been increased from Rs5,000 to Rs10,000. The changes have been brought through Tax Laws (Third Amendment) Ordinance, 2021, which […]
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KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) fell by 284 points on Friday owing to upcoming monetary policy and cancellation of visiting cricket team tour. The KSE-100 Index closed at 46,636 points from last day’s closing o 46,920 points. Analysts at Topline Securities said that the KSE-100 index traded in a positive […]
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KARACHI: The Pak Rupee (PKR) ended down by one paisa against the dollar on Friday as the exchange rate remained under pressure due to high external payments. The rupee ended at Rs168.19 to the dollar from the previous day’s closing of Rs168.18 in the interbank foreign exchange market. Currency experts said that the market had observed […]
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KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Thursday informed all clearing agents that it will collect capital gain tax (CGT) on the disposal of securities for the month of July 2021. The NCCPL will collect the CGT for the period July 01 – July 31, 2021, on Friday, September 24, 2021, through the […]
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KARACHI: Imran Maniar, Managing Director of Sui Southern Gas Company (SSGC) has said that gas crises being faced during the winter season were likely to continue for one to two more years until the new terminals for RLNG get installed at the Port. There were difficulties and challenges but the picture is rosy as upon […]
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ISLAMABAD: The price of motor spirit (petrol) has been increased to all-time high at Rs123.30 per liter and will take effect from September 16, 2021. The Finance Division on Wednesday issued the rates of petroleum products for the next fortnight. The government has increased the prices of all petroleum products for the next 15 days. […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has issued 650,000 notices to consumers of electricity and gas, who are not in the tax net, in its efforts to enhance tax compliance. The FBR said that data has been obtained from DISCOs and Gas Companies for broadening of tax base. More than 650,000 notices have been […]
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KARACHI: The US dollar has continued its upward trajectory against the Pak Rupee (PKR) in early trade on Wednesday. The dollar/rupee parity was at Rs169.25 during early day trading in the interbank foreign exchange market. A day earlier i.e. September 14, 2021, the rupee ended at Rs168.94 to the dollar, recording the all-time low against […]
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