Pakistan Revenue
ISLAMABAD: Persons not appearing on Active Taxpayers List (ATL) are liable to pay advance income tax at the time of paying educational fee. Officials at Federal Board of Revenue (FBR) said that through Finance Act, 2020 the condition of paying advance tax under Section 236I of Income Tax Ordinance, 2001 on educational fee had been […]
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KARACHI: Large Taxpayers Unit (LTU) Karachi will hold e-Katcheri on July 24, 2020 for efficient service delivery and ensure public trust. The program has been launched in compliance with the directive of the prime minister to conduct e-Khuli Katcheri to stay in contact with the public by all available means and provide them accessible platform […]
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KARACHI: The State Bank of Pakistan (SBP) has increased cumulative financing limit to Rs2 billion and also enhanced project size to 5MW. According to a statement issued on Wednesday, the central bank said it had enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to […]
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KARACHI: The stock market gained 104 points on Wednesday amid profit booking in scripts of many sectors. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,805 points as against 37,700 points showing an increase of 104 points. Analysts at Arif Habib Limited said that the market traded in a similar fashion as […]
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KARACHI: The Pak Rupee gained 27 paisas against dollar on Wednesday owing to improved inflows of export receipts and remittances. The rupee ended Rs167.63 to the dollar from previous day’s closing of Rs167.90 in interbank foreign exchange market. Currency experts said that improved inflows of export receipts and remittances helped the rupee to gain the […]
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KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Wednesday announced to collect capital gain tax for month of June 2020 on July 30, 2020. The NCCPL in a statement said that the aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period June 01, 2020 to June 30, […]
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ISLAMABAD: Federal Board of Revenue (FBR) shall not ask banks and exchange companies to provide details of persons sending remittances abroad related to education. Through Finance Act, 2020, the Section 236R of Income Tax Ordinance, 2001 has been omitted. This section was introduced for collection of advance tax on education related expenses remitted abroad. This […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday promoted 106 officials of Inland Revenue Service (IRS) to BS-18 on regular basis and acting charge basis with immediate effect. The following BS-17 officers of IRS are promoted to BS-18 on regular basis with immediate effect:- 1. Ms. Sadeea Nadeem 2. Ali Ahsan Warraich 3. Ms. Mahwash […]
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ISALAMABAD: Federal Board of Revenue (FBR) on Tuesday abolished regulatory duty on import of wheat in order to bring down domestic price of the commodity. The FBR issued SRO 633(I)/2020 in order to amend SRO 6809I)/2019 dated June 28, 2019. Through the SRO the FBR reduced the regulatory duty to zero from 60 percent. FBR […]
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The equity market in Pakistan witnessed a modest gain of 50 points on Tuesday, characterized by mixed trading activities throughout the day. The benchmark KSE-100 index of the Pakistan Stock Exchange closed at 37,700 points, exhibiting an increase from the previous closing level of 37,651 points.
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