Pakistan Revenue
KARACHI: Competition Commission of Pakistan (CCP) on Tuesday directed the management of Defence Housing Authority (DHA) – I Islamabad to provide a level playing field for Nayatel by giving right of way (ROW) to provide its cable internet and telephony services on the same terms and conditions as are being offered to other existing operators. […]
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KARACHI: The Association of Chartered Certified Accountants (ACCA) has suggested the government to impose income tax at 7 percent on landowners to increase the agriculture share in the GDP. The ACCA in its proposals for budget 2021/2022 stated that agriculture (recently growing at 2.77 percent) has the potential to reach up to 55 percent of […]
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KARACHI: The stock market witnessed a decline of 155 points on Tuesday mainly on selling pressure during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,148 points as against previous day’s closing of 48,303 points, showing a decline of 155 points. Analysts at Arif Habib Limited said that the market […]
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KARACHI: The Pak Rupee ended down by 47 paisas against the dollar on Tuesday owing to year end demand for corporate and import payments. The rupee ended Rs155.78 to the dollar from previous day’s closing of Rs155.31 in the interbank foreign exchange market. Currency dealers said that the market witnessed higher demand for dollar as […]
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ISLAMABAD: Prime Minister Imran Khan on Monday chaired a meeting of the National Economic Council. Chief Ministers of all the Provinces and other members of the NEC participated in the meeting. The NEC approved the Macroeconomic Framework for Annual Plan 2021-2022. The NEC also approved the GDP growth projections for the financial year 2021-2022. The […]
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ISLAMABAD: Finance Minister Shaukat Tarin on Monday said that the government is considering to introduce a new tax regime that is in accordance with the changing economic environment. The finance minister said this at a meeting with Managing Director / CEO Pakistan Stock Exchange Farrukh H. Khan to review proposals for Federal Budget 2021-2022. The […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory of wearing uniform for officials in the grades up to BS-21 of Pakistan Customs Service (PCS). The FBR issued SRO 722(I)/2021 on Monday to notify draft rules for making mandatory the wearing of uniform by all customs officials from July 01, 2021. The FBR […]
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KARACHI: The stock market witnessed a gain of 91 points on Monday amid heavy selling despite positive news flows related to budgetary measures. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,303 points as against last Friday’s closing of 48,212 points, showing an increase of 91 points. Analysts at Arif Habib Limited […]
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KARACHI: The Pak Rupee fell by 69 paisas against the dollar on Monday owing to higher demand for import payments as the market opened after two weekly holidays. The rupee ended Rs155.31 to the dollar from last Friday’s closing of Rs154.62 in the interbank foreign exchange market. Currency experts said that the rupee was weakened […]
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KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to issue Fee Tax Numbers (FTNs) to persons who are not liable for withholding tax. In its proposals for budget 2021/2022, the Karachi Tax Bar Association (KTBA) said that Section 49(3) of the Income Tax Ordinance, 2001 has specified that any payment received by […]
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