Pakistan Revenue
KARACHI: The sales of locally manufactured cars have registered an 8 percent increase in the first quarter (July – September) 2020/2021 in Year on Year (YoY) basis due to restoration of economic activities after lifting of coronavirus lockdown. According to statistics released by Pakistan Automobile Manufacturers Association (PAMA) on Monday the car sales went up […]
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KARACHI: The stock market fell by 589 points on Monday as investors opted for profit booking during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,210 points as against 40,798 points showing a decline of 589 points. Analysts at Arif Habib Limited said that the market braced the impact of […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday exempted 17 percent sales tax on domestic sale of imported sugar. The FBR issued SRO 1038(I)/2020 to comply with the government decision to allow tax free import of sugar in order to reduce the price of the commodity in the local market. The Economic Coordination Committee (ECC) […]
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KARACHI: The Pak Rupee made a nominal gain of three paisas against dollar on Monday amid significant rise in home remittances as reported by the State Bank of Pakistan (SBP). The rupee ended Rs163.81 to the dollar from last Friday’s closing of Rs163.84 in interbank foreign exchange market. Currency dealers said that market players were […]
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KARACHI: The inflow of workers’ remittances has registered sharp increase of 31.2 percent after making fourth consecutive month of over $2 billion received in September 2020. The State Bank of Pakistan (SBP) on Monday said that the remittances increased to $2.3 billion, 31.2 percent higher than the same month last year and 9 percent higher […]
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ISLAMABAD: Federal Board of Revenue (FBR) has invited job applications for the post of BS-1 and BS-5 at FBR headquarter. The FBR said that applications are invited from candidates having requisite education, quota and age to fill the following posts under the federal government: 01. Sepoy (BS-05): 04 vacant posts; age limit is 30 years […]
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KARACHI: State Bank of Pakistan (SBP) on Sunday issued Frequently Asked Questions (FAQs) in response to SRO issued by the finance ministry related to foreign currency account rules.
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ISLAMABAD: Federal Board of Revenue (FBR) has updated advance tax rates for registration and transfer of motor vehicles during tax year 2021. The FBR issued the tax rates as updated up to June 30, 2020 and will remain applicable during July 01, 2020 to June 30, 2021, if not amended. The advance tax on motor […]
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KARACHI: State Bank of Pakistan (SBP) has said that recently issued regulations related to foreign currency account have been aimed to strengthen the foreign exchange regime in the country.
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KARACHI: The government has announced an amnesty scheme for investors in order to boost housing/construction activities in the country at a faster pace. Under this package sources of investment made to a housing project may not be asked if the investment made through a valid bank account by December 31, 2020 and projected identified for […]
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