Asim Ahmed assumes charge of FBR chairman
ISLAMABAD: Asim Ahmed, a BS-21 officer of Inland Revenue Service (IRS), has assumed the charge of 30th Chairman, Federal Board of Revenue (FBR) on Friday.
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Author: Mrs. Anjum Shahnawaz
President signs Pakistan Single Window Act
ISLAMABAD: President of Pakistan, Dr. Arif Alvi on Friday signed the Pakistan Single Window Act, 2021, a statement said. Under the Pakistan Single Window Act, an independent institution having a Governing Council and Secretariat, would be established for the facilitation of national and international trade. The new law will provide a coordinated one-window system to […]
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Total registered companies increase to 139,620; 85pc filing annual return
ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) has reached to 139,620, a press release said on Friday. Out of the total registered companies, 118,280 companies are active, which accounts for 85 percent of total companies which are filling their annual returns, it added. The SECP said that […]
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Tax collection from salary income grows by 69pc in TY2020
ISLAMABAD: The Federal Board of Revenue (FBR) witnessed a substantial increase in tax collection from salary income during tax year 2020, marking a sharp growth of 69 percent compared to the previous year. This significant rise is largely attributed to revisions in the income tax slabs for salaried individuals introduced under fiscal reforms.
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Stock market increases by 445 points on improved sentiments
KARACHI: The stock market increased by 445 points on Friday owing to improved investors’ sentiments during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,186 points as against previous day’s closing of 44,741 points, showing an increase of 445 points. Analysts at Arif Habib Limited said that the market inched […]
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SBP decides to retain two-year history of borrowers’ default, delayed payments
KARACHI: The State Bank of Pakistan (SBP) on Friday announced that it will retain credit history of defaulters and delayed payments in Electronic Credit Information Bureau (eCIB) from July 01, 2021. Currently the eCIB is maintaining the credit history of default and delayed payment of borrowers only for one year. The SBP in a statement […]
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Engro Corp approves $31.4m for petrochemical project study
KARACHI: The board of directors of Engro Corporation Limited has approved $31.4 million for commencement of a study on a projected related to petrochemical chemical for future investment prospects. In an information shared with the Pakistan Stock Exchange (PSX), the company said that the board in its meeting held on April 08, 2021 approved an […]
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FBR issues office timings during Ramazan
The Federal Board of Revenue (FBR) has issued special office timings to be observed during the upcoming holy month of Ramazan.
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Dollar eases to Rs152.94
KARACHI: The US dollar fell by eight paisas against the Pak Rupee on Friday owing to foreign inflows of Eurobonds issuance and lower import payment demand. The rupee ended Rs152.94 to the dollar from previous day’s closing of Rs153.02 in the interbank foreign exchange market. Currency dealers said that the State Bank of Pakistan (SBP) […]
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FBR to reintroduce track and trace system for tobacco products by end-June
KARACHI: Federal Board of Revenue (FBR) may reintroduce track and trace system for tobacco products by end-June 2021 with a new strategy after a higher court declared the earlier system invalid. According to country report on Pakistan issued by the International Monetary Fund (IMF) on Thursday, the Pakistan authorities through Letter of Intent (LOI) pledged […]
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