ISLAMABAD: Prime Minister Imran Khan on Thursday took serious notice of abnormal price hike and launched a special campaign to control increase in prices of essential items. A press release said that effective implementation of local and special laws concerning efficient service delivery and relief to the general public is one of the prime responsibilities […]
ISLAMABAD: Federal Board of Revenue (FBR) has imposed penalty on two customs intelligence officers and directed recovery from these officials of such government revenue lost due to their negligence. The FBR imposed penalty of stopping performance allowance for six months. The penalty has been imposed on Saifullah, Superintendent, Directorate of Intelligence & Investigation (Customs), Lahore […]
KARACHI: The banks will remain close for public dealing on July 01, 2019, which will be observed as bank holiday on Monday. A notification issued on Thursday the SBP said that it will remain closed for public dealings on July 1, 2019 (Monday) which will be observed as Bank Holiday. All banks / Development Financial […]
KARACHI: The liquid foreign exchange reserves of Pakistan fell by $288 million to $14.351 billion by week ended June 21 as against $14.639 billion a week ago, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves held by the central bank were depleted by $322 million to $7.282 billion as compared with […]
KARACHI: The stock market witnessed another fall of 314 points on Thursday over concerns related to inflationary pressure and monetary tightening. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,774 points as against 34,089 points showing a decline of 314 points. Muhammad Faizan Munshey, Head of Foreign Institutional Sales at Next Capital […]
KARACHI: The deterioration in Pak Rupee continued against dollar on Thursday as the foreign currency made a new high at Rs164.06 in interbank foreign exchange market. The rupee fell by Rs1.09 to end at Rs164.06 to the dollar as compared with previous day’s closing of Rs162.17 in interbank foreign exchange market. The foreign exchange market […]
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that cases pending before the Alternate Dispute Resolution Committee (ADRC) can avail tax amnesty scheme. The FBR clarified that taxpayers can resolve all their tax cases which are pending in Dispute Settlement by availing Assets Declaration Ordinance-2019. All such cases can be settled through Section-6 (4) […]
KARACHI: In order to generate employment in the country, the government allowed tax credit to employers for hiring fresh graduates from July 01, 2019. According to Deloitte Pakistan, a new section is proposed to be introduced through the Finance Bill 2019 in order to encourage creation of employment opportunities for fresh graduates. A person employing […]
ISLAMABAD: Persons having offshore undeclared assets in Panama and Paradise leaks can avail the latest Asset Declaration Scheme 2019, according to a presentation made by Federal Board of Revenue (FBR). According to the presentation made available to PkRevenue.com, Panama and Paradise leaks/offshore property holders can also avail the latest asset declaration scheme 2019, which is […]
ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday extended tax incentives to shipping industry for next 10 years. Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh, chaired the ECC meeting to review the demands of various Ministries/Divisions. In order to promote Maritime Sector and strengthen the […]