Pakistan Revenue
KARACHI: Model Customs Collectorate (MCC), Gwadar has announced auction of old and new lot of confiscated vehicles to be held on August 13, 2021. The auction will be held at Customs House, Gaddani on ‘as is where is’ basis. The collectorate to auction following confiscated vehicles: 01. Toyota Land Cruiser, Reg No. BC-0448, Chassis No. […]
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KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced bank holiday on August 14, 2021. The State Bank will remain closed on Saturday, August 14, 2021 on the occasion of Independence Day as declared by the government of Pakistan. The central bank through a circular informed the presidents and chief executives of all banks, […]
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KARACHI: Pakistan Stock Exchange (PSX) on Tuesday witnessed range bound trading activity during the day. The benchmark KSE-100 index gained 11 points to end at 47,135 points as against previous day’s closing of 47,124 points, showing an increase of 11 points. Analysts at Arif Habib Limited said that the market traded range bound with an […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has explained tax treatment of erstwhile FATA/PATA domiciled industries after amendment brought through Finance Act, 2021. The FBR in a circular No. 03 issued on Tuesday said a number of significant amendments have been introduced through Finance Act, 2021 in the Sales Tax Act, 1990 as applicable to […]
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KARACHI: The Pak Rupee (PKR) gained 14 paisas against the dollar on Tuesday. The inflows of workers’ remittances helped the rupee to make gain. The rupee closed at Rs163.76 to the dollar in the interbank foreign exchange market. The local unit ended at Rs163.90 to the dollar a day earlier. Currency experts said that the […]
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The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on income from the property for the year 2021-2022. The withholding tax shall be collected by every prescribed person from the recipients of rent of the immovable property. The FBR collects withholding tax on income from property under Section 155 of the […]
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The Federal Board of Revenue (FBR) has granted sales tax exemption on the import of essential medical equipment. The FBR issued SRO 1007(I)/2021 on Monday, listing a comprehensive array of medical goods that will be exempted from sales tax, aiming to facilitate the procurement and availability of critical equipment.
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The Karachi Chamber of Commerce and Industry (KCCI) has become the first chamber in the country to launch NADRA e-Sahulat for the Pakistan Single Window (PSW) portal.
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KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 366 points on Monday due to selling pressure during the day. The index closed at 47,124 points as against last Friday’s closing of 47,490 points, showing a decline of 366 points. Analysts at Arif Habib Limited said that the market took negative turn […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday launched prize scheme for customers of retailers, who integrated their sales through Point of Sales (POS) with the tax system. The FBR issued SRO 1005(I)/2021 for launching the prize scheme for customers of tier-1 retailers, who have integrated their retail outlets with the FBR computerized system for […]
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