Pakistan Revenue
KARACHI: The Board of Revenue, Sindh has launched an application for calculation of agriculture income tax and issuance of sales certificate. A statement on Tuesday said that the BOR Sindh launched revenue applications for facilitating general public for issuance of sales certificate and calculation of agricultural income tax. The applications are available of the website […]
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ISLAMABAD: Federal Board of Revenue (FBR) will prescribe method for valuation of used vehicles for the purpose of sales tax. FBR sources said that amendment has been made to Sales Tax Act, 1990 through Finance Act, 2020 related to value of supply of used vehicles. According to the amendment, in case of registered person who […]
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ISLAMABAD: The Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and micro-enterprises as of June 30, 2020, Securities and Exchange Commission of Pakistan (SECP) said on Tuesday. The SECP said that it had relaxed the regulatory requirements for non-bank finance sector allowing them to defer or reschedule the loan […]
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KARACHI: Sindh Governor Imran Ismail on Tuesday asked National Electric Power Regulatory Authority (NEPRA) to conduct detailed audit of K-Electric as many complaints were received related to excessive billing. In a letter to Tauseef H Farooqi, Chairman, NEPRA, the Sindh governor said that on a daily basis, a large section of society was complaining against […]
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KARACHI: The share market gained 127 points on Tuesday as energy scrips witnessed improved trading after hydrocarbon discovery announced by POL. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,745 points as against 36,619 points showing an increase of 127 points. Analysts at Arif Habib Limited said that the market realized a […]
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KARACHI: The Pak Rupee eased by five paisas against dollar on Tuesday owing to demand for import and corporate payments. The rupee ended Rs166.68 to the dollar from last day’s closing of Rs166.63 in interbank foreign exchange market. Currency experts said that dollar demand was remained higher for import and corporate payments. They said that […]
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ISLAMABAD: Federal Board of Revenue (FBR) has laid down procedure for alternate dispute resolution (ADR) in order to provide a platform to taxpayers for expeditious resolution of their cases. A new section 134A has been introduced to Income Tax Ordinance, 2001 through Finance Act 2020. Section 134A. Alternative dispute resolution. (1) Notwithstanding any other provision […]
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KARACHI: State Bank of Pakistan (SBP) has allowed banks to retain digital record of identity i.e. NADRA Verisys of customers for record keeping requirements. In a statement issued on Monday, the central bank said that the banks and Development Financial Institutions (DFIs) may use the NADRA [National Database Registration Authority] Verisys in place of obtaining […]
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KARACHI: Domestic car sales have plunged by 53 percent in fiscal year 2019/2020 owing to slow economic activity and outbreak of coronavirus, analysts said on Monday. According to statistics released by Pakistan Automobile Assemblers Association (PAMA), the total car sales plunged to 110,583 units during fiscal year 2019/2020 as compared with 235,229 units in the […]
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KARACHI: The equity market gained 428 points on Monday owing to increased activity in construction sector, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,619 points as against 36,190 points showing an increase of +428 points. Analysts at Arif Habib Limited said that the first day after resumption of trading […]
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