Pakistan Revenue
ISLAMABAD: The ministry of commerce has allowed import of all edible products with meeting certain condition such as those products have at least 66 percent shelf life remaining from the date of manufacturing. The ministry issued SRO 902(I)/2020 dated September 25, 2020 to unveil Import Policy Order 2020. The ministry said all edible products are […]
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KARACHI: Pakistan Customs has announced auction of confiscated vehicles on October 15, 2020 to be held at Customs House Gaddani.
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ISLAMABAD: Federal Board of Revenue (FBR) has explained taxable income for collection of tax from persons or corporate entities. The FBR issued Income Tax Ordinance, 2001 updated June 30, 2020 incorporating amendments brought through Finance Act, 2020.
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ISLAMABAD: The Federal Board of Revenue (FBR) is projecting tax-to-GDP ratio at 12 percent in three years after slippage of the ratio to a single digit in 2019/2020, a report said.
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KARACHI: The market may move next week with major concerns of investors related to political uncertainty in the country and upcoming review of Financial Action Task Force (FATF). However, analysts at Arif Habib Limited said that the market to remain green due to: Higher interest of local individuals in the market; expectation of better results […]
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ISLAMABAD: The inflation based on sensitive price indicator (SPI) has increased by 11.28 percent Year on Year by week ended October 08, 2020, Pakistan Bureau of Statistics (PBS) said on Friday. The PBS computes SPI on weekly basis to assess the price movements of essential commodities at shorter interval of time so as to review […]
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ISLAMABAD: The ministry of finance on Friday issued rules governing foreign currency accounts of individuals under which there shall be no restriction on cash withdrawal or transfers from the foreign currency account. The ministry issues rules governing foreign currency accounts of individuals, under which a foreign currency account of an individual may be credited with […]
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KARACHI: The stock market gained 445 points on Friday as positive sentiments prevailed during the trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,798 points as against 40,354 points showing an increase of 445 points. Analysts at Arif Habib Limited said that the market opened on a positive note today, and […]
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ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Friday said that the Cellular Mobile Operators (CMOs) are deducting only applicable rates of taxes after the restoration of levies by Supreme Court of Pakistan. In a statement, with reference to taxes applied on the recharge/reload of prepaid balance, the PTA said that the CMOs are deducting only withholding […]
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The Pakistani rupee experienced a slight decline against the US dollar on Friday, falling by 12 paisas due to increased demand for import and corporate payments. The rupee closed at Rs163.84 to the dollar in the interbank foreign exchange market, down from the previous day’s closing of Rs163.72.
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