Pakistan Revenue
KARACHI: Karachi Tax Bar Association (KTBA) has recommended amendments to provisions of the Income Tax Ordinance, 2001 related to automatic stay in recovery notices. It is proposals for budget 2021/2022, the KTBA said that Sub-Section (2) of Section 138 if Income Tax Ordinance, 2001 provides that If the amount referred to in the notice issued […]
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KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday advised the government to reduce tax rates and broaden the tax base for achieving GDP growth at six percent during next two years.
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KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) in collaboration with Red Crescent Society organized a daylong COVID-19 Vaccination Facility on Saturday, which was attended by scores of members, general public, managing committee members and the staff. According to a statement issued, single dose Cansinobio vaccine recently introduced by the government for people above […]
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KARACHI: The stock market will likely remain positive during the next week with a view of a positive budget for the market, analysts said.
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ISLAMABAD: Total number of companies registered with the Securities and Exchange Commission of Pakistan (SECP) has increased to 143,416 with new incorporation of 1,597 in May 2021, a statement said on Friday. According to the statement SECP registered 1,597 new companies in May 2021, witnessing a growth of 107 percent as compared to corresponding period […]
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ISLAMABAD: Anti-Benami Zone – I Islamabad of the Federal Board of Revenue (FBR) has impounded a luxury vehicle from a residential premise in the capital. A FBR spokesman on Friday said that it was first of its kind operation in which the anti-benami zone confiscated a luxury five-door vehicle from a residential premise in the […]
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KARACHI: The share market gained 118 points on Friday as positive sentiments were seen in auto sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,212 points as against previous day’s closing of 48,094 points, showing an increase of +118 points. Analysts at Arif Habib Limited said that the market maintained positive […]
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KARACHI: Asia Pacific Group (APG) on Money Laundering has published results of Pakistan’s second Mutual Evaluation follow-up Report on 2 June 2021. As per the report, Pakistan has achieved compliant/largely compliant rating in 31 out of 40 Recommendations of Financial Action Task Force (FATF) in Technical Compliance. These results prove the sincerity along with resolve […]
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KARACHI: Karachi Tax Bar Association (KTBA) on Friday said that after intervention of the Federal Board of Revenue (FBR) many audit cases have been withdrawn from IRIS Portal, which were initiated under Section 122(5) of the Income Tax Ordinance, 2001. KTBA President Muhammad Zeeshan Merchant in a letter to Chief Commissioners of tax offices located […]
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The Pakistani rupee experienced a notable gain of 17 paisas against the US dollar on Friday, closing at Rs154.62 in the interbank foreign exchange market.
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