Pakistan Revenue
KARACHI: The US Dollar further make gain of 12 paisas during early trade at interbank foreign exchange market on Thursday. The dollar was traded at Rs166.40 in early day trading. The previous day’s closing was Rs166.28 to the dollar in interbank foreign exchange market. The Pak Rupee (PKR) sharply fell by Rs1.08 to the dollar […]
Continue Reading
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday emphasized the importance of building strategic reserves of commodities in wake of evolving situation in Afghanistan.
Continue Reading
ISLAMABAD: Dr. Muhammad Ashfaq Ahmed, a BS-21 officer of Inland Revenue Service (IRS) has assumed the charge of the post of chairman, Federal Board of Revenue (FBR). Dr. Ashfaq has replaced Asim Ahmed, who was removed from the post a day earlier. Following is the complete list of FBR chairmen: 1) Dr. Muhhammad Ashfaq Ahmed […]
Continue Reading
KARACHI: Bank Alfalah Limited on Wednesday announced 21 per cent growth in earnings for the half year ended June 30, 2021. The net profit of the bank was at Rs7.02 billion for the first half as compared with net profit of Rs5.78 billion in the same half of the last year. The bank declared Rs3.94 […]
Continue Reading
Tax rates on passenger, goods transport vehicles have been revised by the Federal Board of Revenue (FBR) to rationalize applicable rates.
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday authorized Inland Revenue Enforcement Network (IREN) to petrol the retail outlets to check sales tax evasion. The FBR issued SRO 1063(I)/2021 to amend Sales Tax Rules, 2006. Through the rules, the FBR established IREN and authorized the body to check and verify any of the eventualities. […]
Continue Reading
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended down by 284 points on Tuesday. The stocks fell due to profit-taking observed during the day, analysts said. The index closed at 47,828 points as against the previous day’s closing of 48,112 points, showing a decline of 284 points. The analysts at Arif Habib […]
Continue Reading
ISLAMABAD: Finance Minister Shaukat Tarin on Monday directed tax authorities to expeditiously release refunds to importers of edible oil importers. He issued the directive at a meeting with a delegation of Pakistan Vanaspati Manufacturers Association (PVMA). The finance minister directed the chairman of Federal Board of Revenue (FBR) to assure expeditious disbursement of refunds to […]
Continue Reading
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 512 points on Monday as market remained positive during the day. The index closed at 48,112 points as against previous closing on Friday at 47,600 points, showing an increase of 512 points. Analysts at Arif Habib Limited said that the market traded in the positive […]
Continue Reading
Washington, DC: International Monetary Fund (IMF) on Monday started distribution of the largest ever allocation of $650 billion to provide additional liquidity to the global economic system. Ms. Kristalina Georgieva, Managing Director of the IMF made the following statement on Monday: “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect […]
Continue Reading