Pakistan Revenue
KARACHI: The US dollar made gains for the third consecutive day against the Pak Rupee (PKR) on Wednesday. The local currency fell due to external payment demand. The rupee depreciated by 48 paisas against the dollar. The local currency ended Rs166.87 to the dollar from the previous day’s closing of Rs166.39 in the interbank foreign […]
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KARACHI: Federal Board of Revenue (FBR) on Wednesday transferred 75 officers of BS-18 and BS-19 Pakistan Customs Service (PCS).
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ISLAMABAD: The finance ministry has estimated that the tax collection to reach Rs5.83 trillion during current fiscal year 2021/2022 (FY22). In its monthly economic update – August 2021, the finance ministry said that in FY2021, tax revenue increased by 18.4 percent, whereas in July FY2022, tax collection climbed up by 42.5 percent, indicating a good […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has offered assistance to the provinces in broadening the tax base in agriculture sector. Under the Constitution of Pakistan, the provinces have mandate to collect tax on agriculture income.
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KARACHI: The President of Pakistan, Dr. Arif Alvi Monday asked the banks to guide students in their conducting research studies.
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Section 108B of Income Tax Ordinance, 2001 specifically addresses income tax levies on transactions conducted under dealership arrangements.
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ISLAMABAD: Pakistan Customs has drafted law to make mandatory the certificate of origin on shipments originated from Iran and Afghanistan. According to information received on Saturday, Pakistan Customs has proposed amendments to Customs Rules, 2001 related to imports. It is proposed that it would be made mandatory for shipments originating from Iran and Afghanistan and […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday reduced rate of sales tax on supply of petrol (Motor Spirit). The revenue body issued SRO 1072(I)/2021 to make change in sales tax rate on supply of petrol. According to the notification the sales tax rate on supply of petrol has been reduced to 10.54 per […]
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ISLAMABAD: Prime Minister Imran Khan on Thursday said that his government has put the economy on right track despite various challenges, including COVID-19. Presenting three years performance of Pakistan Tehrik e Insaaf (PTI) government, the prime minister said during the last three years, the current account deficit has been significantly reduced from $20 billion in […]
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ISLAMABAD: The Korean EXIM Bank will sign a new framework arrangement with Pakistan (2022-2026) for enhancing financing to $1 billion. A high-level Korean Delegation, led by Chong Hwa Lee, Director General, Ministry of Economy & Finance, Republic of Korea called on the Minister for Economic Affairs Omar Ayub Khan in his office during their 2-days […]
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