Pakistan Revenue
KARACHI: The stock market fell by 633 points on Wednesday owing to selling pressure observed during the day due to political noise and pressure in international markets. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,571 points as against 41,204 points, showing a decline of 633 points. Analysts at Topline Securities said […]
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KARACHI: The Pak Rupee strengthened by 18 paisas against dollar on Wednesday owing to inflows of workers’ remittances and export receipts. The rupee ended Rs165.70 to the dollar from previous day’s closing of Rs165.88 in interbank foreign exchange market. Currency experts said that the rupee strengthened owing to strong inflows of the foreign currency in […]
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ISLAMABAD: Federal Board of Revenue (FBR) to extend date for filing income tax return by one month i.e. October 31, 2020, sources said on Wednesday. The last date for filing income tax return for tax year 2020 is expiring today evening i.e. September 30, 2020. The date for filing income tax return may be extended […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued a notification to regulate the profession/business of accountants, jewelers, real estate agents in ongoing efforts against money laundering and countering finance of terrorism. The regulations have been issued through SRO 924(I)/2020 dated September 30, 2020 to comply with the conditions under Finance Action Task Force (FATF), […]
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KARACHI: Federal Board of Revenue (FBR) has been advised to update tax laws with latest amendments on its official website to facilitate taxpayers as well as tax practitioners. The Karachi Tax Bar Association (KTBA) in a letter to FBR Chairman Muhammad Javed Ghani on Tuesday pointed out that the available tax laws such as income […]
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ISLAMABAD: In a bid to assist taxpayers in meeting their obligations before the end of the month, the Federal Board of Revenue (FBR) has directed its Inland Revenue field offices to remain open for extended hours on Wednesday, September 30, 2020. This decision aims to facilitate the payment of duties and taxes on the last […]
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KARACHI: State Bank of Pakistan (SBP) has enhanced loan size to Rs 1 billion from Rs500 million for setting up new hospital to combat COVID-19. The central bank in a notification said that in order to meet financing needs for setting up new hospitals allowed through a notification issued on July 2020, it has been […]
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KARACHI: The business community has demanded the State Bank of Pakistan (SBP) of extending refinance scheme, which was introduced to prevent layoff owing to coronavirus outbreak, for further three months. The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) in a statement on Tuesday urged the central bank to consider extension in refinance scheme […]
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KARACHI: The share market witnessed gain of 463 points on Tuesday amid selling pressure seen during the trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,204 points as against 40,741 points showing an increase of 463 points.
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ISLAMABAD: Federal Board of Revenue (FBR) has issued income tax return forms in regional languages in order to facilitate small traders and shopkeepers, a spokesman said on Tuesday. The spokesman said that according to vision of the Prime Minister and directives of the advisor to prime minister on finance and revenue the FBR had issued […]
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