Pakistan Revenue
KARACHI: The Pak Rupee gained 20 paisas against dollar on Wednesday owing to improved inflows of export receipts and workers remittances. The rupee ended Rs168.07 to the dollar from previous day’s closing of Rs168.27 in interbank foreign exchange market. Currency experts said that inflows of export receipts and workers remittances were sufficient to support the […]
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ISLAMABAD: Federal Board of Revenue (FBR) has streamlined sales tax withholding regime for compelling sales tax return filing and realizing full revenue on sale/purchase. The FBR issued Circular No. 01 dated August 06, 2020 to explain changes made to Sales Tax Act, 1990 through Finance Act, 2020. The FBR said that Eleventh Schedule provides for […]
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KARACHI: Domestic car sales have registered 8 percent decline to 11,501 units in July 2020 as compared with 12,482 units in the same month of the last year. Pak Suzuki Motors registered 40 percent decline in its sales to 4,991 units in July 2020 as against 8,375 units sold in the same month of the […]
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KARACHI: State Bank of Pakistan (SBP) on Tuesday announced that the central bank will remain closed on Friday August 14, 2020 on account of Independence Day as declared by the government. In a circular issued to the presidents and chief executives of all banks, development financial institutions and microfinance banks, the SBP informed about the […]
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KARACHI: The stock market gained 644 points on Tuesday owing to positive activity seen in energy sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,559 points as against 39,915 points showing an increase of 644 points. Analysts at Arif Habib Limited said that the market opened on a positive note today […]
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KARACHI: Sindh Excise and Taxation Department has introduced online facility for the citizens to check number of vehicles registered with their Computerized National Identity Card (CNIC). The facility has been introduced in order to curb misuse of identity and assuring people for having ownership of the vehicles. Provincial Minister for Excise & Taxation and Narcotics […]
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KARACHI: The rupee recovered 11 paisas against dollar on Tuesday after ease in demand for import and corporate payments. The rupee ended Rs168.27 to the dollar from previous day’s closing of Rs168.38 in interbank foreign exchange market. Currency experts said that ease in demand from import and corporate side helped the rupee to recover last […]
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K-Electric, the primary electric power supplier for Karachi, reported a significant reduction in net profits due to an increased tax burden during the first half of the fiscal year 2019/2020.
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday admitted to pay an amount around Rs232 billion as sales tax and income tax refunds to taxpayers. The FBR disclosed the amount of payable refunds at a meeting that was chaired by Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue. Muhammad Hammad […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that it has initiated action against two senior officers for involvement in irregularity and corruption after taking approval from the Prime Minister. In a statement the tax authority said that it had decided to take action against irregularity, corruption and inefficient elements present in the organization. […]
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