Withholding tax rates on interest income for 2021-2022
Withholding tax rates on interest income for 2021-2022 have been notified by the Federal Board of Revenue.
Continue Reading
Author: Mrs. Anjum Shahnawaz
SBP revises manual for royalty, franchise, technical fee
State Bank of Pakistan (SBP) has revised foreign exchange manual related to Royalty, Franchise and Technical Fee (RFT) for ease of doing business. The central bank said that in order to implement the revised policy on RFT (Para 12, Chapter 14 of Foreign Exchange Manual), Authorized Dealers/banks shall set up a centralized unit to facilitate […]
Continue Reading
Withholding tax rates on dividend payment for 2021-2022
In a move to streamline tax collection and enhance transparency, the Federal Board of Revenue (FBR) has issued updated rates of withholding tax on payment of dividends for the fiscal year 2021-2022.
Continue Reading
Meezan Bank launches COVID vaccination center
KARACHI: Meezan Bank Limited, Pakistan’s leading Islamic bank, on Saturday launched Pakistan’s largest drive-through COVID vaccination center. The bank launched the vaccination center in collaboration with the Sindh government in Karachi. The Facility is situated at central location of Karachi in Gulberg Town at Afghan Ground, Block 19, F.B. Area, opposite Afroze Textile and adjacent […]
Continue Reading
Turkey allows quarantine at dormitories for Pak students
ISLAMABAD: Pakistan’s students arriving in Turkey will now undergo the mandatory quarantine period at designated dormitories rather than private hotels, as announced by the Turkish government.
Continue Reading
Withholding tax rates on imports for 2021-2022
Federal Board of Revenue (FBR) has issued updated withholding tax rates on imports for year 2021/2022. The collector of customs collects withholding tax under Section 148 of Income Tax Ordinance, 2001 at the time of consignment clearance.
Continue Reading
FBR directed to continue efforts to enhance tax collection
Federal Minister for Finance and Revenue, Shaukat Tarin, has lauded the Federal Board of Revenue (FBR) for achieving record-breaking revenue collection in July 2021, signaling a robust start to the fiscal year.
Continue Reading
PM directs finalizing tight gas policy by next month
ISLAMABAD: Prime Minister Imran Khan on Thursday directed authorities to finalize Tight Gas Policy by end of September 2021. The prime minister chaired a meeting to discuss the tight gas resources. The meeting was attended by Federal Ministers Shaukat Fayyaz Tareen, Hamad Azhar, Asad Umar, Special Assistant Tabish Gohar and concerned senior officials. The meeting […]
Continue Reading
Pakistan’s forex reserves ease to $24.853 billion
KARACHI: The foreign exchange reserves of Pakistan have eased by $23 million to $24.853 billion by the week ended July 30, 2021. The foreign exchange reserves of the country were at $24.876 billion by the week ended July 23, 2021, State Bank of Pakistan (SBP) said on Thursday. The official foreign exchange reserves of the […]
Continue Reading
Tax rates on prize bond winning for tax year 2021-2022
The Federal Board of Revenue (FBR) has outlined the income tax rates applicable to prize bonds and lottery winnings under the recently updated Income Tax Ordinance, 2001, for the fiscal year 2021/2022.
Continue Reading