Pakistan Revenue
KARACHI: The Pak Rupee weakened by 11 paisas against the dollar on Monday owing to demand for import and corporate payments, dealers said. The rupee ended Rs152.93 to the dollar from last Friday’s closing of Rs152.82 in the interbank foreign exchange market. The currency dealers said that the rupee was under pressure because the market […]
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KARACHI: Around 400,000 taxpayers have paid surcharge for appearance on Active Taxpayers List (ATL) for tax year 2020, according to updated active taxpayers list issued on Monday by the Federal Board of Revenue (FBR). The FBR issues a fresh ATL on March 01 every year on the basis of returns filed for the preceding tax […]
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KARACHI: Pakistan Stock Exchange (PSX) on Monday announced a massive growth of around 200 percent in after tax profit for nine-month period ended March 31, 2021 owing to significant increase in listing fee and income from exchange operations. The stock exchange declared Rs542 million as profit after tax during first nine months of the current […]
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KARACHI: Withholding income tax collection from profit on bank deposits registered 11 percent growth to Rs54.55 billion during first nine months (July – March) 2020/2021, sources said on Monday. The collection of withholding tax from profit on bank deposits was Rs49 billion in the nine months of the last fiscal year, officials at Regional Tax […]
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KARACHI: Federal Board of Revenue (FBR) has transferred jurisdiction of big volume taxpayers to Corporate Tax Office (CTO) instead of dedicated tax offices for big taxpayers i.e. Large Taxpayers Office (LTO). Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2021/2022 pointed out that the FBR had created new LTOs which deal […]
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ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Sunday warned general public for not sharing their personal details on hoax or fake calls because response to those calls may result in loss of money. In a press release, the PTA cautioned the public to be aware of hoax, falsified and unsolicited calls and messages asking for personal […]
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KARACHI: Federal Board of Revenue (FBR) has been urged to authorized commissioner appeals to grant stay up to 90 days instead existing 15 days. Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2021/2022 said that currently Commissioner (Appeals) grants stay for 15 days only and after expiry of the stay the […]
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ISLAMABAD: The tax authorities are working on major reforms in personal income tax to be introduced through budget 2021/2022.
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The Federal Board of Revenue (FBR) has issued a cautionary alert to the general public, urging them to be vigilant against harmful and fake emails circulating under the guise of official communications.
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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Saturday demanded the government of Sindh to restore business timings for markets during the holy month of Ramazan ul Mubarak as restriction imposed on timings may result in disastrous for traders and shopkeepers. Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and […]
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