Pakistan Revenue
ISLAMABAD – The Federal Board of Revenue (FBR) has published its analysis of income tax returns for the tax year 2018, shedding light on the categories of taxpayers and their income brackets. The report reveals that the largest number of tax returns were submitted by individuals whose income fell below the taxable threshold.
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ISLAMABAD: Salaried persons have shared 42.12 percent of total income tax return filing with the Federal Board of Revenue (FBR), and they are second largest contributors in return filing after non-salaried individuals. According to a directory for tax year 2018 issued by the FBR a day earlier showed that the salaried persons filed 1.2 million […]
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KARACHI: The State Bank of Pakistan (SBP) is scheduled to issue monetary policy statement (MPS) on September 21, 2020 which will move the stock market during the next week. Analysts at Arif Habib Limited said that with SBP’s Monetary Policy Committee (MPC) expected to maintain a status quo stance, they expect the monetary policy announcement […]
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KARACHI: Pakistan Customs has accelerated operation against smuggling and non-duty paid items and made seizure of goods and vehicles valuing Rs10.36 billion during two and a half months of the current fiscal year. The seizure during the current period of the current fiscal year is 91.4 percent higher than the seizure of Rs5.41 billion made […]
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In a move aimed at promoting transparency and accountability, the Federal Board of Revenue (FBR) has officially released the latest Tax Directory of Parliamentarians, detailing the tax payments made by members of both the National Assembly and the Senate.
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday selected 10,441 cases of income tax for audit of tax year 2018. The FBR conducted computerized balloting for selection of cases under Audit Policy 2019, which was recently released. As many as 10,441 Income Tax cases were chosen through balloting for audit whereas the board selected 2065 […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued rules for duty free minimum value of goods imported through courier and postal service. The FBR issued SRO 886(I)/2020 to notify draft amendment to Customs Rules, 2001. Through the draft amendment the FBR issued ‘Deminimis rules for imported goods’, which shall apply to the goods imported […]
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KARACHI: The share market witnessed a robust increase of 170 points on Friday, propelled by the rebalancing of international stock markets and improved sentiments ahead of the forthcoming Monetary Policy Statement (MPS).
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The Pakistani Rupee experienced a notable appreciation of 38 paisas against the US Dollar on Friday, closing at Rs165.83 in the interbank foreign exchange market.
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The net inflow of foreign direct investment (FDI) in Pakistan has surged by an impressive 40% during the first two months of the current fiscal year, according to data released by the State Bank of Pakistan (SBP) on Friday.
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