Pakistan Revenue
KARACHI: The stock market gained 406 points on Tuesday as investors optimistic about financial results to be announced by banks. The benchmark KSE-100 index closed at 38,627 points as against 38,221 points showing an increase of 406 points. Analysts at Arif Habib Limited said that the market opened on a positive note today with +158. […]
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The Pakistani rupee strengthened by 41 paisas against the US dollar in the interbank market on Friday, buoyed by significant inflows from the World Bank. The rupee closed at 286.35 per dollar, compared to the previous day’s closing rate of 286.76.
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ISLAMABAD: Federal Board of Revenue (FBR) has awarded ‘dismissal from service’ to three officials for Regional Tax Office (RTO) Faisalabad, a statement said on Monday. The FBR sacked the officials following their admission of wrong doing after thorough inquiry. The revenue body said that all the three officials were found guilty of misconduct. Besides, FIRs […]
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KARACHI: Banks have approved around Rs126 billion under soft loan scheme to 2,068 businesses in meeting financing requirement for salaries and wages in the wake of difficulties faced due to coronavirus pandemic, State Bank of Pakistan (SBP) said on Monday. The SBP said that Under the Scheme, on overall basis, up till July 1, 2020, […]
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KARACHI: Abdul Razzak Dawood, Advisor to Prime Minister on Commerce and Investment, has said that there is no provision in the law to extend tenure of trade bodies. “There is no consideration of extending tenure of trade bodies office bearers and even the law doesn’t allow such proposal,” a statement issued by United Business Group […]
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KARACHI: Dr. Amir Ali Khan Talpur, Chief Commissioner Inland Revenue, Regional Tax Office (RTO)-III, Karachi has assured the exporters of resolving pending issues on priority basis.
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ISLAMABAD: Federal Board of Revenue (FBR) soon to issue exemption from withholding tax on import of wheat in order to ensure availability of the commodity in the country. Omar Hamid, Secretary Ministry of National Food Security and Research (NFS&R), said while chairing a meeting on wheat import on Monday. He said that taxes and duties […]
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ISLAMABAD: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce and Investment, has said that consultations on tariff rationalization with stakeholders will start from next month.
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ISLAMABAD: Federal Board of Revenue (FBR) has discussed with the provinces about common portal for single return filing, a statement said on Monday. At the meeting the tax authorities deliberated on ways to facilitate taxpayers under jurisdictions of the federal and the provincial authorities. Member IR Operations D. Muhammad Ashfaq Ahmed presided over the meeting. […]
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KARACHI: State Bank of Pakistan (SBP) on Monday said that the central bank will remain closed from July 31, 2020 to August 02, 2020 (Friday to Sunday) on occasion of Eid-ul-Adha. The commercial banks shall also observe the same holidays announced by the SBP on the occasion of Eid-ul-Adha.
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