Pakistan Revenue
ISLAMABAD: The income tax law has allowed final tax regime for Pakistani resident shipping company, which is registered after November 15, 2019. According to explanation to changes made to Income Tax Ordinance, 2001 through Finance Act, 2020, the FBR said that clause (c) has been added to sub-section (1) of section 7A to provide for […]
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ISLAMABAD: Federal Board of Revenue (FBR) has notified rate of advance tax on amount remitted abroad through credit or debit cards. The FBR issued withholding tax card for tax year 2020-2021 (updated till June 30, 2020) after incorporating amendments made to Income Tax Ordinance, 2001 through Finance Act, 2020. The FBR collects advance tax under […]
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KARACHI: Federal Board of Revenue (FBR) has initiated the process of framing cases under concealment of assets against persons who declared under an amnesty scheme but failed to pay taxes within the given timeline.
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KARACHI: The stock market likely to trade in green zone during next week due to higher interest of investors and improved economic indicators.
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KARACHI: Sui Southern Gas Company (SSGC) has issued a stern warning to the Sindh administration, cautioning that gas supply to its hospitals may be disconnected due to outstanding payments.
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ISLAMABAD: Federal Board of Revenue (FBR) has notified major reshuffle in Inland Revenue Service (IRS) as 197 officers of BS-17 to BS-20 have been transferred under the latest order. To announce the transfers and postings of the IRS officers the FBR issued three different notifications. Following officers have been transferred and posted under the first […]
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The share market of Pakistan Stock Exchange (PSX) witnessed a notable decline of 117 points on Friday as selling pressure was observed across various sectors.
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KARACHI – The Pakistani Rupee gained significant ground against the US Dollar, strengthening by 43 paisas on Friday. The surge was attributed to the burgeoning foreign exchange reserves of the country and the optimistic sentiments generated by the recent launch of Roshan Digital Accounts, a financial initiative catering to non-resident Pakistanis (NRPs).
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ISLAMABAD: Federal Board of Revenue (FBR) issues list of individuals/companies required to file income tax return and wealth statement for tax year 2020.
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ISLAMABAD: Prime Minister Imran Khan on Thursday inaugurated the Roshan Digital Account, which is a new initiative of the State Bank of Pakistan (SBP), in partnership with major banks in Pakistan. The Roshan Digital Account is for non-resident Pakistanis (NRPs). Through this account, NRPs will be fully integrated with Pakistan’s banking and payments system, said […]
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