Pakistan Revenue
KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to adopt tariff headings of World Trade Organizations (WTO) for effectively impose sales tax services. Tax practitioners under the umbrella of Karachi Tax Bar Association (KTBA) held a pre-budget 2021/2022 conference and discussed issues of sales tax on services. It is discussed that all […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday urged trade and industry to follow SOPs related to coronavirus in order to avert complete halt of industrial and economic activities. FPCCI’s ruling group BMP Chairman Mian Anjum Nisar has asked the traders to strictly follow the government’s SOPs in markets for curbing […]
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Pakistan’s headline inflation, based on the Consumer Price Index (CPI), witnessed a notable increase of 11.10 percent on a year-on-year (YoY) basis in April 2021, according to data released by the Pakistan Bureau of Statistics (PBS).
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KARACHI: A possible strict lockdown due to rise in coronavirus cases in the country may put pressure on the stock market during next week. Analysts at Arif Habib Limited said that the National Command and Operation Center (NCOC) had instructed stricter restrictions and shorter working hours, while a complete lockdown is still a possibility. This […]
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ISLAMABAD: Finance Minister Shukat Tarin on Friday assured the representatives of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to have a regular interaction. He also affirmed that all key stakeholders would be taken on board before making important economic decisions. The finance minister held a meeting with the FPCCI members through a video […]
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ISLAMABAD: The federal government on Friday decided not to increase the prices of petroleum products during next fortnight in order to provide relief to the consumers during the holy month of Ramazan. A statement said that in line with the vision of the Prime Minister to provide relief to the consumers in the holy month […]
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ISLAMABAD: Federal Board of Revenue (FBR) has promoted officers of Inland Revenue Service (IRS) to BS-19 on regular basis with immediate effect. The FBR promoted following BS-18 IRS officers to BS-19 on regular basis: 1. Zeeshan Asif 2. Ms. Amina Batool 3. Syed Mashkoor Ali 4. Shahzad Ali Khan 5. Ms. Kiran Maqsood 6. Muhammad […]
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KARACHI: Sindh High Court (SHC) on Friday declared levy of tax on undistributed profits under Section 5A of Income Tax Ordinance, 2001 as unconstitutional and set aside all the show cause notices and demand notices issued by the tax authorities under the section. A division bench of the SHC ordered in Sapphire Textile Mills Limited […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday transferred and posted Karamatullah Khan, a BS-21 officer of Inland Revenue Service (IRS), as Director General, Directorate General of Intelligence and Investigation (IR), Islamabad. Karamatullah Khan has been transferred from the post of Chief Commissioner, Regional Tax Office, Faisalabad. Shaban Bhatti (Inland Revenue Service/BS-21) has been transferred […]
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KARACHI: State Bank of Pakistan (SBP) has taken notice of delayed processing of housing loans by banks and issued directives in this regard to ensure speedy process of applications. The central bank on Friday said that it was receiving a number of complaints especially regarding delayed processing, long turnaround time and no mechanism to track […]
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