Pakistan Revenue
ISLAMABAD: World Bank has appointed Najy Benhassine as new Country Director for Pakistan effective August 1. He succeeds Illango Patchamuthu, who completed his term on July 31, a statement said on Monday. Benhassine most recently served as Regional Director for Equitable Growth, Finance and Institutions in the Middle East and North Africa. Prior to this, […]
Continue Reading
ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 9.3 percent on Year-on-Year (YoY) basis in July 2020, according to data released by Pakistan Bureau of Statistics (PBS) on Monday. The latest increase was compared to an increase of 8.6 percent in the previous month and 8.4 percent in July 2019. […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax card for dividend income to be applicable during Tax Year 2021 (2020-2021). The FBR issued the 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 150 of Income Tax […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has issued updated withholding tax card for salary income to be prevailed during Tax Year 2021 (2020-2021).
Continue Reading
KARACHI: State Bank of Pakistan (SBP) has said that the banks will observe normal working hours from August 03, 2020. In a statement issued a day earlier, the central bank said that the SBP will revert to normal office timings from Monday, August 03, 2020. The timings shall be: Monday to Thursday: 09:00am to 05:30pm […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has issued updated withholding tax rates for imported goods. The FBR issued withholding tax card 2020-2021 after incorporating amendment made to Income Tax Ordinance, 2001 through Finance Act, 2020. The FBR issued updated withholding tax rates applicable for imported goods under Section 148 of Income Tax ordinance, 2001. The […]
Continue Reading
ISLAMABAD: The officers of Inland Revenue have been empowered to recover non-tax revenue by invoking provisions of Income Tax Ordinance, 2001. The finance ministry has issued Public Finance Management Act, 2019, which was amended up to June 30, 2020 through Finance Act, 2020. According to Section 40E of the Act, a commissioner of Inland Revenue […]
Continue Reading
PkRevenue.com wishes Happy Eid-ul-Azha Mubarak to all valuable readers.
Continue Reading
ISLAMABAD: The government has increased prices of petroleum products effective from August 01, 2020. The price of petrol has been increased by Rs3.86 per liters. According to a statement issued on Friday, the government decided to revise the existing prices of petroleum products in view of the rising oil prices trend in the global market. […]
Continue Reading
ISLAMABAD: The ministry of finance has notified Cash Management and Treasury Single Account Rules, 2020 under which treasury single account system has been explained. According to the rules the Treasury Single Account system shall be: (1) Federal Consolidated Fund Account, Public Account, assignment accounts, their sub-accounts and linked accounts as approved by the Finance Division, […]
Continue Reading