Pakistan Revenue
KARACHI: The benchmark index KSE-100 index of Pakistan Stock Exchange (PSX) fell by 22 points on Thursday as the market recorded all time high volumes of 2.22 billion shares in a single day. The Index closed at 46,791 points as against 46,812 points showing a decline of 22 points. Analysts at Arif Habib Limited said […]
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KARACHI: Pakistan Customs has assured business community of early resolution of pending valuation ruling issues on priority basis. Director General Customs Valuation Ms. Shahnaz Maqbool assured this at a meeting held with members of Pakistan Federation of Chambers of Commerce and Industry (FPCCI), a statement said on Thursday. According to the statement the FPCCI and […]
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KARACHI: The Pak Rupee ended down by six paisas against the dollar on Thursday due to demand for import and corporate payments. The rupee closed at Rs154.84 to the dollar from previous day’s closing of Rs154.78 in the interbank foreign exchange market. Currency experts said that the due to improved GDP growth forecast the domestic […]
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KARACHI: Tax practitioners have recommended to abolish alternative corporate tax (ACT) in the budget 2021/2022 as the levy is increasing cost of doing business. The tax bar in its proposals for the upcoming budget 2021/2022 recommended to abolish the ACT. As per section 113C of the Income Tax Ordinance, 2001, tax payable by company subject […]
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ISLAMABAD: An important meeting of the ministry of finance with representatives of International Monetary Fund (IMF) will be held today evening (Thursday evening) to finalize the recommendations for budget 2021/2022. Senior officials of the ministry of finance, three representatives, including country head, of IMF and senior officials of Federal Board of Revenue (FBR) will attend […]
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KARACHI: Bestway Cement Limited on Thursday announced to setup Greenfield cement plant with a capacity of 7,200 tonnes of clinker per day at Mianwali. In a notice sent to Pakistan Stock Exchange (PSX), the company stated: “In view of increasing demand for cement in the country, Bestway Cement Limited has decided to set up a […]
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KARACHI: Federal Board of Revenue (FBR) has been urged to reintroduce income tax credit on registered sales in order to provide incentive to documentation of economy and increase the tax base. Karachi Tax Bar Association (KTBA) in its recommendations for budget 2021/2022 submitted to the FBR proposed the reintroduction of tax credit on registered sales. […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has directed the officials of Inland Revenue (IR) to avoid opening audit cases merely on surmises and assumptions, sources said on Wednesday. The FBR issued instructions to all chief commissioners of tax offices regarding proceedings under section 122(5) of Income Tax Ordinance, 2001. The FBR said that it […]
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KARACHI: The stock market gained 512 points on Wednesday amid the highest ever volumes, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,812 points as against previous day’s closing of 46,300 points, showing an increase of 512 points. The analysts at Arif Habib Limited said that historic day at PSX […]
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KARACHI:The Pak Rupee fell by 41 paisas against the dollar on Wednesday owing to the high demand for import and corporate payments. The rupee closed at Rs 154.78 to the dollar from previous day’s closing of Rs 154.37 in the interbank foreign exchange market. Currency experts said that economic growth forecast had escalated the demand […]
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