Pakistan Revenue
KARACHI: Philip Morris (Pakistan) Limited, makers of cigarettes in the country, has announced around 100 percent increase in net profit for the quarter ended March 31, 2021. According to financial results submitted to Pakistan Stock Exchange (PSX) on Tuesday, the profit after tax for the quarter ended March 31, 2021 increased to Rs718 million as […]
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KARACHI: The Pak Rupee fell against the dollar for seventh straight day on Tuesday as demand for import and corporate payment remained high. The rupee fell by 37 paisas on Tuesday to close at Rs154.50 against the dollar from previous day’s closing of Rs154.13 in the interbank foreign exchange market. The rupee has started falling […]
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ISLAMABAD: The number of active taxpayers has been increased to 2.6 million by April 25, 2021 for tax year 2020, according to latest data released by Federal Board of Revenue (FBR) on Monday. The weekly Active Taxpayers List (ATL) for tax year 2020 updated those taxpayers’ names, who filed their income tax returns up to […]
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KARACHI: The equity market rebounded with an increase of 976 points on Monday on the anticipation of new fund injection by mutual funds. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,683 points as against last Friday’s close of 44,707 points, showing an increase of 976 points. Analysts at Arif Habib Limited […]
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KARACHI: The global economy is bouncing back in terms of confidence, orders, employment and spending, according to the latest ACCA and IMA Global Economic Conditions Survey (GECS). The survey of senior accountants and finance professional across the world recorded the biggest jump in economic confidence this quarter in the 12 years it has been running. […]
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KARACHI: Foreign investors from the platform of Overseas Chamber of Commerce and Industry (OICCI) have demanded strong protection of intellectual property rights in Pakistan for encouraging innovation and creativity in people and society. ‘The Overseas Investors Chamber of Commerce and Industry (OICCI) has always championed the cause of protecting Intellectual Property Rights in Pakistan which […]
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The Pakistani rupee weakened by another 26 paisas against the US dollar on Monday, closing at Rs154.13 in the interbank foreign exchange market. This depreciation comes as demand for the greenback continues to rise due to import and corporate payment requirements.
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ISLAMABAD: Federal Board of Revenue (FBR) has authorized Directorate General of Intelligence and Investigation (I&I) to access business premises for detecting tax evasion and revenue leakages. The FBR through a notification authorized the DG I&I IR to carry out intelligence activities, access and verification of business premises, access to record/documents or system maintained therein, intelligence […]
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ISLAMABAD: Tax offices have highlighted anomaly in extending concessionary rate of tax or exemption under Section 148 of the Income Tax Ordinance, 2001 to imported goods at customs stage. Large Tax Offices (LTOs) Islamabad and Karachi pointed out the anomaly and advised the Federal Board of Revenue (FBR) to rectify as taxpayers were suffering. Large […]
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KARACHI: Pakistan on Saturday offered relief support India to provide medical equipment for prevention of coronavirus. Foreign Minister Shah Mahmood Quershi in a tweet said that as a gesture of solidarity with people of India in the wake of the current wave of COVID-19, “Pakistan has officially offered relief and support to Indian including ventilators, […]
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