Pakistan Revenue
ISLAMABAD: The trade deficit of the country has narrowed by 8.32 percent in the first two months of the current fiscal year owing to decline in import bill during the period under review. According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, the trade deficit narrowed to $3.38 billion during July […]
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KARACHI: The Pak Rupee appreciated by 27 paisas against dollar on Friday owing to increase in foreign exchange reserves of the country, dealers said. The rupee ended at Rs165.77 to the dollar from previous day’s closing of Rs166.04 interbank foreign exchange market. Currency experts said inflows of export receipts and workers remittances helped the local […]
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ISLAMABAD: The ministry of commerce has said that only those importers, who are on the Active Taxpayers List (ATL) of Sales Tax issued by the Federal Board of Revenue (FBR), are eligible to import white sugar on concessional rate of tax.
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ISLAMABAD: The exports have registered 19.5 percent decline in August 2020 owing to torrential rains and significant urban flooding in Karachi.
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ISLAMABAD: Federal Board of Revenue (FBR) has allowed monthly salary up to Rs25,000 per employee paid in cash as business expense after amendment made to Income Tax Ordinance, 2001. The FBR on Thursday issued Income Tax Circular No. 03 to explain changes made to Income Tax Ordinance, 2001 through Finance Act, 2020. The FBR said […]
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ISLAMABAD: Federal Board of Revenue (FBR) has said that filing annual income tax return is mandatory for taxpayers falling under final tax regime (FTR). The FBR on Thursday issued Income Tax Circular No. 03 of 2020 to explain major changes to Income Tax Ordinance, 2001 through Finance Act, 2020. The FBR said that prior to […]
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KARACHI: The liquid foreign exchange of the country has increased by $121 million to $19.843 billion by week ended August 28, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves were at $19.722 billion by week ended August 21.2020. The official foreign exchange reserves of the SBP increased by $72 million […]
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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has rejected the recent hike in electricity tariff and termed it disaster for the industry. The chamber also demanded the government to immediate withdraw the increase in electricity tariff. KCCI President Agha Shahab Ahmed Khan in a statement on Thursday said that the announcement of increase in […]
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KARACHI: The stock market witnessed an increase of 353 points on Thursday as positive sentiments prevailed over expected package to be announced by the prime minister during his Karachi visit. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,188 points as against 41,835 points showing an increase of +353 points. Analysts at […]
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KARACHI: The Pak Rupee fell by 44 paisas against dollar on Thursday owing to demand for import and corporate payments, dealers said. The rupee ended Rs166.04 to the dollar from previous day’s closing of Rs165.60 in interbank foreign exchange market. Currency experts said that higher demand for import and corporate payments depreciated the rupee value. […]
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