Pakistan Revenue
ISLAMABAD: Universal Service Fund on Monday awarded contracts to PMTL (Ufone) for Next Generation Broadband for Sustainable Development Projects in Balochistan worth Rs518 million.
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KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Wednesday, July 1, 2020, which will be observed as ‘Bank Holiday’ enabling the bank to close its accounts, the central bank said in a statement on Monday. All employees of the Bank will attend to their official assignments (in-office or work-from-home, […]
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KARACHI: State Bank of Pakistan (SBP) on Monday enhanced credit card limit by amending regulations related to consumer financing.
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KARACHI: The successful operation by law enforcement agencies (LEAs) against the terror attack on the Pakistan Stock Exchange (PSX) on Monday boosted investor confidence, resulting in the KSE-100 index closing with a gain of 242 points.
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KARACHI: The Pak Rupee ended down by 52 paisas against dollar on Monday owing to higher import and corporate payment demand, dealers said. The rupee ended at Rs168.19 to the dollar from last Friday’s closing of Rs167.67 in interbank foreign exchange market. The currency dealers said that the rupee was remained under pressure due to […]
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KARACHI: The security forces have failed a terrorist attack on Pakistan Stock Exchange (PSX) on Monday morning and killed all the four terrorists. However, four security guards and police personnel also died in this attack.
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In a significant move to bolster trade and economic relationships, the Federal Board of Revenue (FBR) has granted Rs45 billion in customs duty exemptions and concessions on imports under various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) for the fiscal year 2019/2020.
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KARACHI: Passengers or crew members found involved in illegal trading of currency, gold or precious stones to be convicted with up to 14 years imprisonment along with huge amount of fine and penalty.
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KARACHI: The minimum tax on turnover has been proposed to impose on non-resident companies having permanent establishment (PE) in Pakistan. The amendment in Section 113 of the Income Tax Ordinance, 2001 has been proposed through Finance Bill, 2020. According to EY Ford Rhodes Chartered Accountants the Section 113 of the Ordinance levies minimum tax on […]
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KARACHI: Federal Board of Revenue (FBR) will get access to information of all persons entering or leaving Pakistan from federal investigation agency and bureau of emigration for the purpose of broadening of tax base.
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