Pakistan Revenue
KARACHI: Engro Fertilizers Ltd and MCB Bank Ltd have partnered to accelerate digitization of financial products and developed Pakistan’s first-ever solution to electronically manage bank guarantees. With businesses adopting virtual operations and enforcing minimal physical interaction in the wake of COVID-19, Engro Fertilizers Ltd engaged MCB Bank Ltd, one of the leading Banks in the […]
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ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rate on non-cash banking transactions made by persons not appearing on the Active Taxpayers List (ATL). The FBR issued withholding tax card 2020/2021 updated up to June 30, 2020. The FBR said that 0.6 percent withholding tax rate is applicable on non-cash banking transactions under […]
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KARACHI: The Pakistan stock market witnessed a gain of 272 points on Monday as the benchmark KSE-100 index closed at 42,293 points, up from the previous close of 42,023 points.
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ISLAMABAD: Marriage halls and hotels will be required to install electronic fiscal devices for sharing their business transactions with the Federal Board of Revenue (FBR). The installation of fiscal devices have been mandatory in order bring certain service providers into the income tax net. According to sources that hotels, motels, guest houses, marriage halls, marquees, […]
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KARACHI: The Pak Rupee eased by 10 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended at Rs165.87 to the dollar from last Friday’s closing of Rs165.77 in interbank foreign exchange market. The currency experts said that the rupee was under pressure against the foreign […]
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ISLAMABAD: Federal Board of Revenue (FBR) has launched an online system to monitor income derived by medical practitioners, doctors and consultants in order to prevent tax evasion.
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ISLAMABAD: Federal Board of Revenue (FBR) has explained holding period and tax rates for the computation of capital gains on disposal of immovable properties, which were amended through Finance Act, 2020.
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KARACHI: Stock market likely to maintain upward trajectory during upcoming week owing to positive sentiments on improved foreign exchange reserves and stable exchange rate. Analysts at Arif Habib Limited said that the market to maintain the upwards trajectory in the upcoming month. Meanwhile, Prime Minister Imran Khan will visit Karachi on Saturday, in which important […]
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ISLAMABAD: In a significant move to enhance the ease of doing business, the Federal Board of Revenue (FBR) has announced that taxpayers with a turnover below Rs100 million are now excluded from the mandatory collection and deduction of withholding tax.
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KARACHI: The stock market fell by 165 points on Friday owing to profit taking on the last trade day of the week and bearish trend in world stocks. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,023 points as against 42,188 points showing a decline of 165 points. Analysts at Arif Habib […]
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