Pakistan Revenue
ISLAMABAD: Federal Board of Revenue (FBR) has decided to take action against retailers having huge turnovers for not complying with mandatory integration with the online system of the tax authority. In this regard the FBR on Tuesday directed the retailers, who are required to integrate their sales and purchases under Sales Tax Act, 1990, to […]
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KARACHI: The stock market has witnessed an increase of 62 points on Tuesday in mixed trading activities during the day.
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KARACHI: The Pak Rupee ended down by two paisas against dollar on Tuesday amid record remittances received by the central bank. The rupee ended Rs168.19 to the dollar from previous day’s closing of Rs168.17 in interbank foreign exchange market. Currency experts said that reports of record remittances received by the State Bank of Pakistan (SBP) […]
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ISLAMABAD: Federal Board of Revenue (FBR) has updated the withholding tax rates on sale and purchase of immovable properties for tax year 2021. The FBR issued withholding tax card 2020-2021 (updated up to June 30, 2020) incorporating amendment to Income Tax Ordinance, 2001 through Finance Act, 2020. Under Section 236C of Income Tax Ordinance, 2001 […]
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ISLAMABAD: Federal Board of Revenue (FBR) has apologized over sending show cause notice to a foreign diplomat by an adjudication collection. In a tweet message, FBR spokesman said that it had been noticed that Customs Collectorate (Adjudication) Islamabad had sent a notice to the foreign diplomat. “Sending a notice to a foreign diplomat is against […]
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KARACHI: Sindh Excise and Taxation Department has collected Rs5.44 billion during the first month of current fiscal year 2020/2021, a statement said on Monday. Provincial Minister for Excise & Taxation and Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla in the statement said that the department had collected a total of Rs 5.442 billion in […]
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KARACHI: The Board of Directors (BOD) of Engro Powergen Qadirpur in a meeting held on Monday approved the revised terms of Memorandum of Understanding (MoUs) between Independent Power Producers (IPPs) and the government. The company in a letter sent to Pakistan Stock Exchange (PSX) informed that the Committee for negotiations with Independent Private Power Producers […]
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KARACHI: The stock market fell by 168 points on Monday owing to profit taking by the investors during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,122 points as against 40,291 points showing a decline of 168 points. Analysts at Arif Habib Limited said that the market took bantering today […]
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ISLAMABAD: Javaid Ghani, Chairman, Federal Board of Revenue (FBR) will listen to problems faced by taxpayers through e-Katcheri on Friday August 21, 2020. The chairman will be available for taxpayers through telephone number # 051-111772772 between 10:00AM to 11:00AM on Friday August 21, 2020.. The program has been launched in compliance with the directive of […]
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KARACHI: The Pak Rupee ended down by 24 paisas against dollar on Monday owing to higher demand for import and corporate payments as market opened after long holidays. The rupee ended Rs168.17 to the dollar as against the closing of August 13, 2020 at Rs167.93 in interbank foreign exchange market. Currency experts said that the […]
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