Pakistan Revenue
KARACHI: Central Depository Company of Pakistan Limited (CDC) to facilitate investment by Non-Resident Pakistanis in the Pakistan Stock Market through Roshan Digital Account with designated large-scale banks, said Badiuddin Akber, CEO-CDC. In a statement he further stated that Roshan Digital Account is a remarkable step taken by the State Bank of Pakistan (SBP) to facilitate […]
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ISLAMABAD: In a bid to alleviate the challenges faced by various economic sectors, Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue, has instructed the Federal Board of Revenue (FBR) to simplify the income tax return form. This directive came during an important meeting on FBR reforms held on Monday.
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday renamed field offices while exercising powers under Section 4(1)(r) of FBR Act, 2007. The change of names shall take effect on September 01, 2020. According to an office order, the Large Taxpayers Unit (LTU) Karachi, Lahore and Islamabad will be renamed as Large Taxpayers Office (LTO) Karachi, […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of 74 officials of Pakistan Customs Service (PCS) in BS-16 to BS-18 with immediate effect until further orders. The FBR notified transfers and postings of following officials: 01. Tauqeer Ahmad Dar (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate […]
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KARACHI: Banks have missed agriculture credit disbursement target for fiscal year 2019/2020 by Rs135 billion but the credit disbursement was 3.5 percent higher than the preceding fiscal year, State Bank of Pakistan (SBP) said on Monday. The central bank in a statement said that the banks disbursed Rs 1,215 billion to agriculture sector during 2019-2020. […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday made it mandatory for banks to provide details of transactions including deposits and withdrawals during a month. Besides, the banks are also required to provide information of transactions made through credit/debit cards and details of persons making profit on debt through banking deposits. The FBR issued SRO […]
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KARACHI: The stock market gained 181 points on Monday in mixed trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,802 points as against 39,622 points showing an increase of 181 points. Analysts at Arif Habib Limited said that the market opened on a positive note today and […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised State Bank of Pakistan (SBP) for timely action to minimize adverse impact of coronavirus on trade and industry, a statement said on Monday. “However, implementation of such measures is required to reach at the grass root level,” said Khurram Ijaz, Vice President, FPCCI, […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday allowed import of sugar at reduced rate of income tax and sales tax for the quantity as approved by the government. The FBR issued SRO 770(I)/2020 and SRO 771(I)/2020 to amend Income Tax Ordinance, 2001 and Sales Tax Act, 1990 for allowed reduced rates of advance income […]
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KARACHI: The balance of payment of the country registered current account surplus i.e. 1.9 percent of the GDP during the first month of the current fiscal year, according to statistics released by State Bank of Pakistan (SBP) on Monday. The BOP witnessed a current account deficit of 2.8 percent of the GDP in July 2019. […]
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