Pakistan Revenue
KARACHI: The inflow of total foreign investment into Pakistan has surged by over 98 percent during first 10 months (July – April) 2020/2021 of the current fiscal year owing to massive investments in public debt securities. According to data released by State Bank of Pakistan (SBP) on Friday, the total foreign investment into the country […]
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ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty of ‘removal from service’ an officer of BS-18 Inland Revenue Service (IRS) for misconduct. According to a notification issued by the FBR stated that disciplinary proceedings were initiated against Syed Nasir Jamal Shah (IRS/BS-18) Deputy Commissioner-IR, Corporate Tax Office, Lahore under Rule 7 of Civil […]
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KARACHI: The offices of Inland Revenue are issuing incorrect audit notices in order to avoid restriction of time limit as defined in the Income Tax Ordinance, 2001, tax practitioners alleged the tax authorities on Friday. The Karachi Tax Bar Association (KTBA) in a letter sent to Inland Revenue offices of Federal Board of Revenue (FBR) […]
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KARACHI: The stock market gained 341 points on Friday as investors hoped tax incentives in the upcoming budget. The benchmark KSE-100 index closed at 45,915 points as against previous day’s closing of 45,574 points, showing an increase of +341 points. Analysts at Arif Habib Limited said that resolution of dispute between the members of ruling […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that it will refund excess duty and taxes collected on mobile phone clearance due to glitches found in the WeBOC. The FBR issued an explanation over excess payment of duty and taxes at the time of clearance of mobile phones. The FBR said that recently, in […]
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KARACHI: The Pak Rupee recovered nine paisas against the dollar on Friday owing to reduction in requirement of statutory liquidity ratio (SLR) for exchange companies. The rupee ended Rs153.36 to the dollar from previous day’s closing of Rs153.45 in the interbank foreign exchange market. The rupee was continuously deteriorating against the dollar on resumption of […]
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KARACHI: Pakistan Stock Exchange (PSX) has proposed time-bound elimination of capital gain tax (CGT) in order to attract new local and foreign investors.
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LAHORE: Engr. Muhammad Ayub has officially assumed the charge of Managing Director of the National Transmission and Dispatch Company (NTDC), a statement said on Thursday.
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KARACHI: The Association of Builders and Developers (ABAD) has demanded the government of extending the amnesty scheme granted for boosting of construction sector. ABAD Chairman Fayyaz Ilyas in a statement demanded to extend amnesty scheme for real estate and construction industry by at least one year. He said that due to unprecedented situation created by […]
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KARACHI: The equity market ended down by 108 points on Thursday as the trading activity remained range bound owing to political uncertainty. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,574 points as against previous day’s closing of 45,682 points, showing a decline of 108 points. Analysts at Arif Habib Limited said […]
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