Pakistan Revenue
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday introduced amendments to Voluntary Pension System (VPS) Rules, 2005 with the intention to bring reforms to facilitate greater pension penetration in the country.
Continue Reading
KARACHI: A seminar was organized by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) in collaboration with the Federal Board of Revenue (FBR) on new Export Facilitation Scheme 2021 (EFS 2021). The export facilitation scheme was notified through SRO957(I)/2021 dated July 30, 2021. The seminar was organized on Wednesday simultaneously at PHMA House, Karachi, Lahore, […]
Continue Reading
KARACHI: Ericsson has strengthened its network services portfolio with the Intelligent Deployment solution – an agile, digital, and modular suite of tools and services that enable communications service providers to roll out, expand, and upgrade networks based on their specific needs and those of their customers, a statement said on Wednesday. With technology advancing rapidly, […]
Continue Reading
KARACHI: State Bank of Pakistan (SBP) on Wednesday said that as a result of numerous measures of the SBP and full support of the government, bank lending for the government’s flagship markup subsidy scheme, commonly known as Mera Pakistan Mera Ghar (MPMG), has picked up momentum. Since the launch of the scheme, applications of Rs […]
Continue Reading
KARACHI: The US dollar surged to Rs167.63 against the Pakistani Rupee (PKR) on Tuesday in the interbank foreign exchange market, marking a significant rise that places it near its all-time high of Rs168.44, recorded on August 26, 2020.
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that the process of licensing the IT Service Providers for integration of Tier-1 retailers will take time.
Continue Reading
Karachi, September 07, 2021 – The State Bank of Pakistan (SBP) has issued the exchange rates for customers on Monday, September 07, 2021.
Continue Reading
The Federal Board of Revenue (FBR) has reinforced its authority to initiate and streamline recovery proceedings against tax defaulters with the introduction of Sections 146A, 146B, and 146C in the Income Tax Ordinance, 2001.
Continue Reading
Section 146 of Income Tax Ordinance, 2001 has outlined the procedure for tax recovery from persons assessed in Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 146 of the Income Tax […]
Continue Reading
Section 145 of Income Tax Ordinance, 2001 has explained the assessment of any person who is likely to leave Pakistan during the current tax year or shortly after its expiry.
Continue Reading