Pakistan Revenue
KARACHI: The stock market gained 422 points on Thursday on the last trading day ahead of Eid holidays. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,258 points as against 38,836 points showing an increase of 422 points. Analysts at Arif Habib Limited said that the market opened on a positive note […]
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KARACHI: The scale of the COVID-19 shock is underscored by the fact that for the first time in 68 years, as per the provisional estimates, Pakistan’s real GDP growth is set to contract in FY20. “At 0.4 percent, this contraction is not as severe as that expected in most parts of the world due to […]
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KARACHI: The Pak Rupee weakened by 20 paisas against dollar on Thursday ahead of higher demand for the foreign currency ahead of Eid holidays. The rupee ended Rs166.98 to the dollar from previous day’s closing of Rs166.78 in interbank foreign exchange market. Currency experts said that the rupee weakened owing to demand for the greenback […]
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ISLAMABAD: Federal Board of Revenue (FBR) has directed inquiry officers to complete their reports on an urgent basis against officials allegedly involved in misconduct. In a notification issued on Wednesday stated that inquiry officers were not complying to instructions in completing their reports after lapse of time and with inordinate delay. The FBR said: “Whereas […]
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KARACHI: The stock market gained 209 points on Wednesday as profit taking activity was seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,836 points as against 38,627 points showing an increase 209 points. Analysts at Arif Habib Limited said that the market opened on a positive note with […]
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KARACHI: State Bank of Pakistan (SBP) on Wednesday revised instructions for Islamic Banking Windows (IBWs) of conventional banks in order to enhance the share and outreach of Sharia compliant financial services. In a statement the central bank said that keeping in view the significant potential of Islamic Banking Windows (IBWs) in enhancing the share and […]
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KARACHI: Hamad Nazir Kehar has been elected as President of PSX Stockbrokers Association for the Year 2020-2021, a statement said on Wednesday. Muhammad Munir Khanani has been elected as Vice-President. Muhammad Adil Ghaffar has been elected as General Secretary, Fawad Yousuf as Joint Secretary and Kazim Sultan Dattoo has been elected for the post of […]
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KARACHI: The Pak Rupee eased by 32 paisas against dollar on Wednesday owing to rising demand for import and corporate payments ahead of Eid holidays. The rupee ended Rs166.78 to the dollar from previous day’s closing of Rs166.46 in interbank foreign exchange market. Currency experts said that the dollar demand was increased due to scheduled […]
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ISLAMABAD: A registered person, who is not an active taxpayer, may not avail benefit of reduced rate of withholding sales tax after amendment made through Finance Act, 2020. Sources in Federal Board of Revenue (FBR) said that amendments have been made to Eleventh Schedule of Sales Tax Act, 1990 through Finance Act, 2020 under which […]
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ISLAMABAD: Federal Board of Revenue (FBR) has started scrutiny of its officials from BS-1 to BS-16 under recently introduced the Civil Servants (Director Retirement from Services) Rules, 2020. In this regard the FBR on Tuesday issued directives to Chief Commissioners of Large Taxpayers Units (LTUs)/Regional Tax Offices (RTOs), Chief Collectors and Collectors of Customs and […]
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