Pakistan Revenue
KARACHI: K-Electric, the power supply and generation utility, has requested Sindh governor for a meeting of stakeholders to discuss matters pertaining to power generation.
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ISLAMABAD: Federal Board of Revenue (FBR) on Friday extended date for retailers to integrate their Point of Sale (POS) up to August 31, 2020. The last date for integrating the POS for Tier-1 retailers was June 30, 2020. The FBR said that only those retailers can integrate their POS by August 31 who submit their […]
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ISLAMABAD: A commissioner of Inland Revenue has been authorized to cancel or modify exemption certificate issued automatically by online system IRIS. Through Finance Act, 2020 amendment has been made to Section 153 of Income Tax Ordinance, 2001. As per the amendment the commissioner of Inland Revenue of Federal Board of Revenue (FBR) is required to […]
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ISLAMABAD: The customs authorities shall allow provisional release of goods on bank guarantee where levy of anti-dumping duty (ADD) challenged in court of law. Through Finance Act, 2020 applicable from July 01, 2020 amendment has been made in Anti-Dumping Duties Act, 2015. As per the amendment: “ … where a competent court of law has […]
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KARACHI: The stock market ended with 73 points on Friday after traded in narrow range trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,051 points as against 34,978 points showing an increase of 73 points. Analysts at Arif Habib Limited said that the market traded in a narrow range today between […]
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KARACHI: The Pak Rupee gained 68 paisas against dollar on Friday after improvement in foreign exchange reserves of the country. The rupee ended Rs166.21 to the dollar from previous day’s closing of Rs166.89 in interbank foreign exchange market. Currency experts said that the lower demand for imports and inflows from international financial institutions helped the […]
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ISLAMABAD: Pakistan’s trade deficit narrowed by 27 percent to $23.18 billion in fiscal year 2019/2020 as against the deficit of $31.8 billion in the preceding fiscal year, Pakistan Bureau of Statistics (PBS) said on Friday. The import bill of the country significantly declined by 18.61 percent to $44.57 billion during July – June 2019/2020 as […]
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KARACHI: Meezan Bank’s Shariah Supervisory Board (SSB) has approved guidelines for COVID-19 related refinance schemes intended to provide relief to businesses and individuals during these challenging times. In the 47th meeting of Meezan Bank’s Shariah Supervisory Board (SSB) was recently held as an online event, with the goal of preventing contagion and staying consistent with […]
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ISLAMABAD: The Competition Commission of Pakistan (CCP) has processed and granted approval to 59 merger and acquisition applications during fiscal year 2019-2020, against the annual target of 50, showing the CCP’s promising performance to facilitate the local and foreign investors despite the limitations caused by COVID-19 pandemic. A statement issued on Thursday out of the […]
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ISLAMABAD: The Central Directorate of National Savings (CDNS) on Thursday raised profit rates of saving schemes. A statement issued by the CDNS stated that all the profit rates of bearer certificates had been increased. However, profit rates of registered saving certificates have been reduced. As per the decision of the CDNS the profit rates have […]
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