Pakistan Revenue
KARACHI: Pakistan Customs announced auction of confiscated vehicles to be held on July 20, 2020 at Gwadar Custom House. Following vehicles to be presented for the auction: 01. Toyota Hilux Surf SSR-X, Model 2000, Engine Capacity 2700CC, Chassis No. VZN185-9041829 02. Toyota Land Cruiser, Model 1998, Engine Capacity 4700CC, Chassis No UZJ100-0003462 03. Toyota Corola […]
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ISLAMABAD: The officials of Federal Board of Revenue (FBR) have been authorized to recover income tax on sectoral benchmark ratio basis where a taxpayer fails to provide record or required details. The concept of sectoral benchmark ratios has been introduced through Finance Act 2020 for making recovery of unexplained income by taxpayers. In this regard […]
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KARACHI: Sindh Revenue Board (SRB) on Friday said that input tax credit for resident taxpayers receiving services from resident outside is available with certain condition. The provincial revenue body said that the SRB-registered service recipients who receive taxable services from a foreign service provider (not registered with SRB) shall be entitled to claim input tax […]
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KARACHI: The stock market gained 48 points on Thursday as range bound session was observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,190 points as against previous day’s closing of 36,142 points, showing an increase of 48 points. Analysts at Topline Securities said that range bound session was […]
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KARACHI: State Bank of Pakistan (SBP) on Friday notified amendment in the Regulation R-4 of Prudential Regulations for Consumer Financing. Following are the amendments notified by the central bank: REGULATION R-4: GENERAL PROVISION AGAINST CONSUMER FINANCE The term “general reserve” used in the Regulation R-4 of Prudential Regulations for Consumer Financing shall henceforth be read […]
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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Friday strongly rejected the cut in gas supply for industrial consumers and CNG stations. Chairman Businessmen Group (BMG) and Former President KCCI Siraj Kassam Teli and President (KCCI) Agha Shahab Ahmed Khan, while totally rejecting SSGC’s load shedding schedule for Industrial Consumers and CNG Stations, stated […]
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KARACHI: State Bank of Pakistan (SBP) on Friday issued revised features of Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme. The SBP said that the government had approved revision in key features of loan program under Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme. The revised features of the scheme as approved by the government are reproduced […]
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KARACHI: The Pak Rupee strengthened by 23 paisas against dollar on Friday owing to better inflows and improved foreign exchange reserves of the country. The rupee ended 166.35 to the dollar from previous day’s closing of Rs166.58 in interbank foreign exchange market. Currency experts said that the improved foreign inflows helped the helped the rupee […]
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ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for grant of concessional tax rate on import of raw materials and capital goods by manufacturers and exporters.
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KARACHI: Benchmark KSE-100 of Pakistan Stock Exchange (PSX) continued its positive momentum for the 10th consecutive session to close at 36,142 level on Thursday. These past 10 days have returned 7.2 percent (2,423 points), analysts at Topline Securities said. Market was led by financial and E&P sectors while Pharmaceutical and Cement sector saw profit taking. […]
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