Pakistan Revenue
ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of 38 officers of Pakistan Customs Service (PCS) in BS-18 and BS-19 with immediate effect and until further orders. Following officers have been transferred and posted: 01. Farrukh Sajjad (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate […]
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KARACHI: The stock market posted decline of 115 points on Monday owing to selling pressure seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,915 points as against 40,030 points showing a decline of 115 points. The analysts at Arif Habib Limited said that the market bore selling pressure […]
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KARACHI: The Pak Rupee has slipped by 50 paisas against dollar on Monday owing to higher demand for import and corporate payment on the first day of the week.
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KARACHI: State Bank of Pakistan (SBP) has enhanced limits of loans in various categories in order to facilitate borrowers to meet demand in present conditions. The central bank in a statement on Monday said that it had enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of […]
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ISLAMABAD: Federal Board of Revenue (FBR) has shaken the Inland Revenue bureaucracy and around 97 senior officials were transferred, sources said on Monday.
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ISLAMABAD: Federal Board of Revenue (FBR) has said that 0.6 percent withholding tax shall be collected on cash withdrawal of Rs50,000 each day by persons not on the Active Taxpayers List (ATL). The FBR updated withholding tax card 2020-2021 after incorporating amendments to Income Tax Ordinance, 2001 made through Finance Act, 2020. The FBR issued […]
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ISLAMABAD: Federal Board of Revenue (FBR) has said that the retailers are not required to maintain information of Computerized National Identity Card (CNIC) of a consumer on sales not exceeding above Rs100,000. The FBR issued Sales Tax Circular No. 01 dated August 06, 2020 to explain changes brought to main statute through Finance Act, 2020. […]
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ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rate on prizes and winnings for tax year 2021. The FBR issued withholding tax card 2020-2021 updated up to (June 30, 2020) after incorporating amendments made to Income Tax Ordinance, 2001 through Finance Act, 2020. Under Section 156 of Income Tax Ordinance, 2001 every person […]
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KARACHI: Payment realization against financial instruments has been made mandatory for clearance of imported goods from August 10, 2020. In this regard National Bank of Pakistan (NBP) has issued necessary instructions to its branches receiving duty and taxes, customs clearing agents and other stakeholders. While referring to Federal Treasury Rules, the NBP said that it […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Saturday notified major reshuffle of senior Inland Revenue officers and transferred/posted 43 officers of BS-19 to BS-21 with immediate effect and until further orders. The following officers have been transferred and posted in the latest reshuffle: 01. Mrs. Attiya Naheed Hakeem (Inland Revenue Service/BS-21) has been transferred and […]
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