Pakistan Revenue
ISLAMABAD, July 5, 2023 – In a bid to promote the capital market and enhance financial inclusion, the Securities and Exchange Commission of Pakistan (SECP) has recommended allowing individuals to act as securities and futures advisors. This proposal aims to broaden the investor base and expand the outreach of the capital market.
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ISLAMABAD: The exports of the country registered growth of 5.8 percent in July 2020, in dollar value terms, as compared to July 2019. This growth was recorded after a decline in exports for the last four months, since March 2020, when there was a drop of 8 percent compared to same period last year. This […]
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KARACHI: Domestic oil sales in Pakistan posted a three percent year-on-year growth in July 2020, driven by a surge in demand for furnace oil used in power generation and a general revival of economic activity. This growth reflects improved industrial operations and enhanced mobility following the easing of COVID-19 restrictions.
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KARACHI: The stock market fell by 294 points on Tuesday as the market witnessed selling pressure after touching 40,000 points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 39,578 points from previous day’s closing of 39,872 points, showing decline of 294 points. Analysts at Topline Securities said that the traditional KSE market […]
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KARACHI: The Pak Rupee eased by 18 paisas against dollar on Tuesday as demand for import and corporate payment remained exist. The rupee ended Rs167.64 to the dollar from previous day’s closing of Rs167.46 in interbank foreign exchange market. Currency experts said that after Eid holidays the demand for dollar was remained exist. Besides, the […]
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ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on profit on debt to be prevailed during Tax Year 2021. The FBR issued withholding tax card 2020/2021 after incorporating changes made through Finance Act, 2020. The rates of withholding tax on profit on debt under Section 151 of Income Tax Ordinance, 2001 to […]
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ISLAMABAD: Federal Board of Revenue (FBR) has directed officers of BS-19 and BS-20 to complete their performance evaluation reports (PERs) for the consideration of promotion to next grade in the upcoming central selection board (CSB). The FBR in a circular issued on Monday said that the Establishment Division had informed that a meeting of CSB […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday granted sales tax exemption on import of oxygen gas and cylinders (for oxygen gas) for a period of three months. The FBR issued SRO 649(I)/2020 dated August 03, 2020 to exempt the sales tax from June 23, 2020 on import of the following: 01. Oxygen gas under […]
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KARACHI: The stock market gained 613 points on Monday amid mixed trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,872 points as against 39,258 points showing an increase of 613 points. Analysts at Arif Habib Limited said that the market opened on a positive note with +131 […]
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KARACHI: The Pak Rupee slipped by 48 paisas against dollar on Monday due to higher demand for the foreign currency at the resumption of trading after Eid holidays. The rupee ended at Rs167.46 to the dollar from closing on July 30, 2020 at Rs166.98 in interbank foreign exchange market. Currency experts said that the market […]
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