Pakistan Revenue
KARACHI: The liquid foreign exchange reserves of the country have declined by $336 million to $19.015 billion by week ended October 09, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $19.351 billion by week ended October 02, 2020. The official reserves of SBP fell by […]
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KARACHI: The share market fell by 76 points on Thursday owing to rising political uncertainty in the country. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,068 points from previous day’s closing of 40,144 points, showing a decline of 76 points. Analysts at Topline Securities said that the market opened on a […]
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KARACHI: The Pak Rupee strengthened by 62 paisas against dollar on Thursday owing to significant inflows of workers’ remittances and export receipts. The rupee ended Rs162.86 to the dollar from previous day’s closing of Rs163.48 in interbank foreign exchange market. Currency experts said that latest exchange rates showed the dollar weakened by five month low. […]
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ISLAMABAD: Federal Board of Revenue (FBR) has issued rates of income tax for companies to be applicable during tax year 2021. The FBR issued Income Tax Ordinance, 2001 (updated June 30, 2020) incorporating amendments brought through Finance Act, 2020. The FBR said that the rate of tax shall be 29 percent on the taxable income […]
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ISLAMABAD: Federal Board of Revenue (FBR) has issued tax rates to be applicable on business individuals and Association of Persons (AOPs) during tax year 2021. The FBR issued Income Tax Ordinance, 2001 (updated June 30, 2020) incorporating amendment brought through Finance Act, 2020. The FBR said that the rates of tax imposed on income of […]
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KARACHI: The deposits of banking system surged to a new record high of Rs16.886 trillion by end of September 2020, according to data released by State Bank of Pakistan (SBP) on Wednesday. The bank deposits reached to new record-level from previous all-time high of Rs16.327 trillion by end of August 2020. The deposits of the […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday abolished regulatory duty and additional customs duty on various raw materials used by textile industry. The FBR issued SRO 1043(I)/2020 dated October 13, 2020 abolished regulatory duty of 8 percent on various chemicals used as raw material for textile industry. Besides, regulatory duty imposed at two percent […]
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KARACHI: Large Taxpayers Office (LTO) Karachi has taken measures to contain the resurgence of coronavirus. In this regard, an advisory has been issued for the staff of LTO Karachi with directives of strict implementation. Badaruddin Ahmed Qureshi, Chief Commissioner, LTO Karachi directed all divisions including audit, enforcement and legal of the tax office in order […]
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KARACHI: The stock market gained 138 points on Wednesday amid high volatile trading sessions during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,144 points from previous day’s closing of 40,007, showing a gain of 138 points. Analysts at Topline Securities said that Pakistan equities end higher in a volatile session […]
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KARACHI: First Paramount Modaraba, managed by Paramount Investments Limited, announced the launch of its new Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) screening facility on Wednesday. This initiative aims to support the financial sector and other businesses in Pakistan in safeguarding themselves from the risks of money laundering and financial crimes.
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