Pakistan Revenue
KARACHI: The Pak Rupee slipped by 10 paisas against dollar on Tuesday owing to higher demand for import and corporate payments. The rupee ended Rs166.27 to the dollar from previous day’s closing of Rs166.17 in interbank foreign exchange market. Currency experts said that the local unit was remained under pressure due to higher import and […]
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ISLAMABAD: Pakistan Customs has announced an auction of confiscated vehicles which will be held on September 16, 2020 at Model Customs Collectorate (E&C) State Warehouse Shahnoor Studio Multan Road, Lahore. Following vehicles will be presented for the auction: 01. Honda Civic Car (Re-Born), Model 2005, Reg. No. ANW-069, Chassis No. FDI-1000633 02. Toyota Vitz Car, […]
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ISLAMABAD: Federal Board of Revenue (FBR) and Punjab Excise, Taxation and Narcotics Control Department have signed an agreement for exchange of information of respective registered persons with the respective authorities. The signing ceremony was held on Monday at the office of Punjab Excise, Taxation and Narcotics Control Department in Lahore. The signing ceremony was witnessed […]
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KARACHI: State Bank of Pakistan (SBP) on Monday allowed banks to open their selected branches on Saturdays with ensuring implementation of SOPs to prevent coronavirus. The SBP said that through a notification on October 14, 2011 under which banks / microfinance banks were permitted to open their selected branches at various business centers / commercial […]
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KARACHI: Foreign investors have expressed concerns over high rate of turnover tax rate, especially for those sectors where margins are very low. Overseas Investors’ Chamber of Commerce and Industry (OICCI) expressed this concern at an interactive session with Dr. Abdul Hafeez Sheikh held on September 12, 2020, a statement said on Monday. The statement said […]
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KARACHI: The stock market ended unchanged on Monday as the market traded witnessed range bound activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed closed at 42,531 points same as of Friday. Analysts at Arif Habib Limited said that the market traded range bound between -163 points and +190 points. Selling pressure was […]
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KARACHI: The Pak Rupee fell by 20 paisas against the dollar on Monday owing to higher demand of the foreign currency for import and corporate payments. The rupee ended Rs166.17 to the dollar from last Friday’s closing of Rs165.97 in interbank foreign exchange market. Currency experts said that the market was opened after weekly holidays […]
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KARACHI: Workers’ remittances to Pakistan have experienced a significant boost, surging by 31% during the first two months of the current fiscal year. This sharp increase is attributed to initiatives by the State Bank of Pakistan (SBP), which have facilitated the inflow of remittances from Pakistani workers abroad.
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KARACHI: Federal Board of Revenue (FBR) has said that not a single mobile phone is allowed duty free brought into Pakistan under personal baggage. Recently Baggage Rules have been amended vide Finance Act, 2019 whereby facility for bringing duty/taxes free mobile set has been withdrawn from July 01. 2019. Hence duty and taxes will be […]
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KARACHI: Federal Board of Revenue (FBR) has issued procedure to reset and change password on IRIS portal in order to facilitate taxpayers in filing their income tax returns for tax year 2020. The FBR issued the procedure to facilitate taxpayers as many persons failed to access their accounts on IRIS after a lapse of time […]
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