Pakistan Revenue
KARACHI: Prime Minister Imran Khan took notice of recent depreciation of rupee in the open market. In this regard the prime minister met a delegation of Exchange Companies Association of Pakistan (ECAP) on Wednesday at Prime Minister House. The ECAP delegation was led by Sheikh Allaudin, Malik Bostan, and Sheikh Mureed. Director General FIA, Director […]
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KARACHI: The stock exchange gained 406 points on Wednesday owing to introduction of tax amnesty scheme by the government for undeclared assets. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,291 points as against 33,885 points showing an increase of 406 points. Analysts at Arif Habib Limited said that the market made […]
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In Karachi on Wednesday, the Pakistani Rupee showcased resilience against the US Dollar, maintaining its stability in the interbank foreign exchange market. The exchange rate remained unchanged at Rs141.40, echoing the rate observed on the preceding day.
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KARACHI: The offshore drilling near Karachi coast has been completed. The operators have found hydrocarbons and sent for laboratory test. The operators are hopeful of huge deposits of hydrocarbons, sources said on Wednesday. Offshore drilling, through a joint venture of four oil giants, near Karachi coast on Indus G-Block (Kekra-1) has been completed after four […]
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KARACHI: Pakistan Tax Bar Association (PTBA) has suggested the Federal Board of Revenue (FBR) to outsource the preparation of profiling potential taxpayers to a data mining company for broadening of tax base. The PTBA in its tax proposals for budget 2019/2020 suggested the tax machinery that the assignment of preparation of profile of potential taxpayers/registered […]
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ISLAMABAD: The federal government finally announced tax amnesty scheme 2019 for people having undisclosed assets to become part of documented economy. The scheme has been announced at four percent of tax to declared hidden assets other than immovable properties. The scheme is available for Pakistani citizens who have evaded taxes other than public office holders. […]
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ISLAMABAD: The offices of Inland Revenue have been barred from taking harsh action against tax defaulters such as suspending registration and raiding business premises on suspicions of tax evasion. The newly appointed chairman of Federal Board of Revenue (FBR) Shabbar Zaidi issued more directives on Tuesday to restrict the IR officers for using discretionary powers. […]
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ISLAMABAD: The federal cabinet on Tuesday approved a scheme to whiten money through declaration of concealed / hidden assets. Prime Minister Imran Khan chaired the meeting of the federal cabinet. The cabinet approved the asset Declaration Scheme, 2019 besides discussing a 17 point agenda. Attorney General for Pakistan made a detailed presentation to Cabinet about […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has invited Shabbar Zaidi, Chairman of Federal Board of Revenue (FBR) to discuss budget proposals. A statement issued on Tuesday said that the President FPCCI Engr. Daroo Khan Achakzai alongwith Abdul Waheed Sheikh, Ijaz Khan Abbasi, Qurban Ali and Shireen Arshad Khan, Vice Presidents of […]
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KARACHI: The stock market ended down 15 points on Tuesday despite last hour buying activities. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,885 points as against 33,900 points showing a decline of 15 points. Analysts at Arif Habib Limited said that the market improved slightly and although the index oscillated between […]
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