Pakistan Revenue
Section 144 of Income Tax Ordinance, 2001 deals with the tax treatment of a non-resident aircraft owner or charterer liable to tax. 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 144 of the Income Tax Ordinance, 2001. […]
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KARACHI: Pak-Qatar General Takaful has signed a Memorandum of Understanding (MoU) with PakWheels.com to promote auto Takaful products to its customers. Mehmood Arshad, Country Head – Marketing Pak-Qatar General Takaful and Suneel Sarfaraz Munj, Chairman PakWheels.com signed the Memorandum of Understanding along with senior officials, said a statement on Monday. Since its inception in 2003, […]
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ISLAMABAD: Federal Finance Minister Shaukat Tarin presided over a meeting on Monday to review the trade balance situation. Federal Minister for Economic Affairs Division Omar Ayub Khan, Secretary Commerce, Secretary M/o Information Technology, Secretary Finance Division, Governor State Bank of Pakistan Dr. Reza Baqir, Executive Director General BOI, and other senior officers participated in the […]
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KARACHI: Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with Universal Motors (Private) Limited for financing motor vehicles. The collaboration will facilitate MMBL Borrowers by allowing them to finance commercial vehicles from Universal Motors through subsidized offerings, according to a statement issued on Monday. President & CEO MMBL, Ghazanfar Azzam, and […]
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KARACHI: The stock market fell by 39 points on Monday in lackluster trading activity during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 46,918 points from last Friday’s closing of 46,957 points. Analysts at Topline Securities said that a lackluster session was observed at the bourse during the day. To […]
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ISLAMABAD: Federal Board of Revenue (FBR) has said that only one rupee will be collected by retailers of Point of Sale (POS) as service charge on the total amount of each invoice. The FBR strongly rebutted the malicious disinformation campaign being spread on social media against the proposed Service Charge of Re1 to be collected […]
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ISLAMABAD: Pakistan’s trade deficit ballooned by 120 per cent to $7.49 billion in first two months (July – August) of the current fiscal year.
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday directed the officers of the Inland Revenue Service (IRS) to submit Performance Evaluation Reports (PERs) and Declaration of Assets by September 06, 2021. The FBR through a circular said that PERs or Asset Declaration or both of the following officers, who are in promotion zones, are missing: […]
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Dr. Najeebullah, a seasoned BS-20 officer of the Inland Revenue Service (IRS), has been appointed as the Commissioner of the Automatic Exchange of Information Zone (AEOI) in Karachi.
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ISLAMABAD:Federal Board of Revenue (FBR) on Friday notified transfers of 56 officers in BS-19 and BS-20 of Inland Revenue Service (IRS) with immediate effect and under further orders. 01. Ishtiaq Ahmed Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Legal) Large Taxpayers Office, Lahore from the post of Commissioner, (Sialkot Zone)Regional Tax […]
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