Pakistan Revenue
KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday urged the Federal Board of Revenue (FBR) to further extend the last date for sales tax payment and filing monthly return as taxpayers are unable to comply with statutory requirement due to extended Eid holidays. The tax bar asked the tax authorities to extend the date of […]
Continue Reading
KARACHI: The Association of Builders and Developers (ABAD) on Tuesday called on the government to abolish the Regulatory Duty (RD) and Additional Regulatory Duty (ARD) on the import of steel bars, emphasizing the need to stabilize their soaring prices in the domestic market.
Continue Reading
The Federal Board of Revenue (FBR) has taken a significant leap into the digital era with the launch of a software platform for conducting online hearings in audit and assessment cases, as announced by an FBR spokesperson on Tuesday.
Continue Reading
KARACHI: The stock market gained 186 points on Tuesday in a range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,982 points as against previous day’s closing of 45,796 points, showing an increase of 186 points. Analysts at Arif Habib Limited said that the market traded […]
Continue Reading
KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the inflow of workers’ remittances rose to an all-time monthly high of $2.8 billion in April 2021, which is 56 percent higher than during the same month last year. On a cumulative basis, remittances have also surpassed previous records. At $ 24.2 billion in July-April […]
Continue Reading
KARACHI: The foreign exchange reserves of the country increased by $167 million to $22.91 billion by week ended May 07, 2021, State Bank of Pakistan (SBP) said on Monday. The foreign exchange reserves of the country were at $22.743 billion by week ended April 30, 2021. The foreign exchange reserves held by the SBP increased […]
Continue Reading
The government of Pakistan has decided to keep the prices of petroleum products unchanged during the next fortnight. The decision, made on Monday, entails absorbing a tax loss of approximately Rs2.77 billion.
Continue Reading
KARACHI: Oil and Gas Development Authority (OGDCL) on Monday announced gas discovery at Jandran X-04 located in District Barkhan, Balochistan Province. The company said that the structure of Jandran X-04 was delineated, drilled and tested using OGDCL’s in house expertise. “The well was drilled down to the depth of 1200m into Parh Limestone. Based on […]
Continue Reading
KARACHI: Sales of domestic assembled cars have increased by 54 percent during first 10 months of the current fiscal year due to smooth production despite coronavirus threats. According to statistics released by Pakistan Automobile Manufacturers Association (PAMA), 151,178 units were sold during July – April 2020/2021 as compared with 97,900 units sold in the same […]
Continue Reading
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday sought sizeable cut in tax rates in upcoming budget 2021/2022 to mitigate industrial losses due to coronavirus. FPCCI’s Businessmen Panel Chairman Mian Anjum Nisar, in a statement, said that the government will have to make visible reduction in taxes in the budget 2021-22 […]
Continue Reading