Pakistan Revenue
The Pakistani Rupee appreciated by 17 paisas against the US dollar on Friday, closing at Rs165.79 in the interbank foreign exchange market. This marks an improvement from the previous day’s close of Rs165.96, as increased inflows of remittances and export receipts boosted the currency.
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KARACHI: Federal Board of Revenue (FBR) has issued list of persons who are mandatorily required to get sales tax registration under Sales Tax Act, 1990. Following is the list of persons required to get sales tax registration: a. All importers b. All wholesalers (including dealers) and distributors c. Manufacturers not falling in cottage industry. {Cottage […]
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KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi on Thursday announced auction of motor vehicles to be held on September 28, 2020 at Anti-Smuggling Organization (ASO) Headquarter, NMB Wharf, Ghass Bandar, East Wharf, Karachi. Following vehicles to be presented for the auction: 01. Toyota Harrier Jeep, Reg. No. JAA-454, Model 1998, 2999CC, Chassis No. MCU-10-0013510 02. […]
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ISLAMABAD: Banks have agreed to share information of accountholders through a solution developed by IT department of the Federal Board of Revenue (FBR), a spokesman said on Thursday. The spokesman said that the FBR and Pakistan Banks Association (PBA) have agreed on information sharing under Section 165 and Section 165A of Income Tax Ordinance, 2001. […]
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ISLAMABAD: The ‘enablers’ of corruption and bribery, such as accountants, lawyers and other intermediaries, must be closely regulated, monitored and held accountable, said Prime Minister Imran Khan said on Thursday. He was addressing through video link at the Launch of the Interim Report of the High-Level Panel on International Financial Accountability, Transparency and Integrity (FACTI) […]
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ISLAMABAD: Pakistan Telecommunication Authority (PTA) has asked administration of TikTok platform to block/remove immoral and vulgar content for viewership in Pakistan. In a statement issued on Thursday, the telecom authority asked TikTok platform to immediately block vulgar, inducement, immoral, nude content for viewership in Pakistan. The PTA has done so keeping in view the negative […]
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ISLAMABAD: The Competition Commission of Pakistan (CCP) on Thursday raided the central office of All Pakistan Cement Manufacturers Association (APCMA) and seized suspicious record. In a statement the CCP said that as part of an enquiry launched in May 2020 to investigate the possible anti-competitive activities by the cement manufacturers, carried out a search and […]
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KARACHI: The Pak Rupee gained 26 paisas against dollar on Thursday owing to better inflows and surplus current account balance. The rupee ended Rs165.96 to the dollar from previous day’s closing of Rs166.22 in interbank foreign exchange market. Currency experts said that sentiments in the market were remained positive due to surplus in current account […]
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KARACHI: The liquid foreign exchange reserves of the country fell by $55 million to $19.904 billion by week ended September 18, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $19.959 billion by week ended September 11, 2020. The foreign exchange reserves held by the central […]
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KARACHI: The stock market fell by 70 points on Thursday as the market witnessed heavy selling during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,806 points as against 41,876 points showing a decline of 70 points. Analysts at Arif Habib Limited said that the market had a field day […]
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