Pakistan Revenue
KARACHI: The Pak Rupee gained 39 paisas against dollar on Monday owing to sufficient inflows of workers remittances and export receipts. The rupee ended Rs166.87 to the dollar from last Friday’s closing of Rs167.26 in interbank foreign exchange market. Currency experts said that the inflows of workers remittances and export receipts were more than the […]
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KARACHI: Federal Board of Revenue (FBR) has been authorized to serve electronic notice and decision as legal document to sales tax registered persons. In this regard an amendment has been made to Section 56 of Sales Tax Act, 1990 through Finance Act, 2020. Prior to amendment the FBR was empowered to send electronically through email […]
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KARACHI: Anti-Smuggling Organization (ASO) of Pakistan Customs announced auction of used vehicles on July 27, 2020 at ASO Headquarter, NMB Wharf, Ghass Bandar, East Wharf, Karachi. Following vehicles to be presented for the auction: 01. Toyota Lexus Car, Reg No. UC-868, Model 2006, 3485CC, Chassis No. JTHBG 963905034702 02. Toyota Harrier Jeep, Reg. No. JAA-454, […]
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ISLAMABAD: Federal Board of Revenue (FBR) will get CNIC details of unregistered persons making purchases above Rs100,000 through monthly sales tax return for July 2020 to be filed by registered persons in August 2020. The registered persons are required to provide details of all those unregistered persons who made purchases above Rs100,000. The information of […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has provided significant tax exemptions amounting to Rs2.42 billion on the income of teachers and researchers during the tax year 2019–2020.
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ISLAMABAD: Federal Board of Revenue (FBR) has stopped public auction of foreign origin smuggled cigarettes as those goods do not comply with the national health regulations. In a statement issued on Saturday, the FBR clarified that the auction of confiscated smuggled cigarettes of foreign origin have been stopped which were earlier decided to hold by […]
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KARACHI: The stock market likely to maintain upward trend as many corporate entities set to declare better results. Analysts at Arif Habib said that with commencement of the result season certain sectors / scrips may come under limelight in the upcoming week. Although pre-Eid jitters cannot be ruled out amid profit-taking at current levels. However, […]
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The Pakistan Stock Exchange (PSX) has been mandated to apply a reduced rate of three percent income tax on payments to non-residents, according to officials from the Federal Board of Revenue (FBR).
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KARACHI: State Bank of Pakistan (SBP) has allowed businesses to avail loan scheme for early payment of salary and wages in the wake of Eid-ul-Azha. The SBP also relaxed condition for obtaining loans from more than one bank for the payment of salary and wages. The central bank in a notification issued on Friday said […]
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The stock market gained 29 points on Friday, recovering from earlier losses of 319 points, thanks to the strong performance of Habib Bank Limited (HBL).
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