Pakistan Revenue
KARACHI: Federal Board of Revenue (FBR) may allow taxpayers who filed their returns after due date to have their names on Active Taxpayers List (ATL).FBR sources said that the finance ministry had asked the revenue body to review the issue. The ministry of finance had received many representations on the issue.The government through Finance Act, […]
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KARACHI: Every banking company is responsible for deducting and collecting a certain percentage of tax on cash withdrawal on Rs50,000 per day from an account. Since passage of Finance Supplementary (Second Amendment) Bill, 2019 from the parliament, the tax is no more on withdrawal by a filer of income tax return. Therefore, this tax is […]
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Finance Minister Asad Umar announced on Saturday that the government is contemplating the implementation of a new tax amnesty scheme, driven by proposals received from the business community.
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KARACHI: Pak Rupee gained 20 paisas against US dollar in open market on Saturday on reports of foreign inflows from friendly countries. The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.50/Rs139.00 in cash free market. Currency experts said that the signing of financing between State Bank of Pakistan […]
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KARACHI: State Bank of Pakistan (SBP) has signed $2 billion deposit agreement with Abu Dhabi Fund for Development, a statement said on Saturday. The agreement for the placement of the second tranche of US$ 2.0 billion by Abu Dhabi Fund for Development (ADFD) with the State Bank of Pakistan (SBP) has been signed between the […]
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KARACHI: All efforts of tax collecting agency in broadening of tax base will be in vain due to changes introduced to tax laws by the present government, which allows non-compliant taxpayers to make transactions. The government through Finance Supplementary (Second Amendment) Bill, 2019, which was passed by the national assembly, allowed non-filers of income tax […]
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KARACHI: The equity market to stay range bound during next week after end of results season and ease in tension between Pakistan and India.
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KARACHI: Federal Board of Revenue (FBR) has pointed out basic concepts of income tax for persons intending to get registration and filing income tax returns. The FBR said that knowledge of basic concepts would not only ensure that the tasks are performed easily but also in the prescribed manner. Taxable Income Taxable Income means Total […]
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KARACHI: The prices of essential items increased by 11.72 percent by week ended March 07, 2019 when compared with the same week last year, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. According to Sensitive Price Indicator (SPI) all the income groups had witnessed inflation for the period. The PBS computes […]
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KARACHI: Pakistan Stock Exchange (PSX) on Friday celebrated World Women Day as a prominent woman rang the bell for opening trading. Dr. Shamshad Akhtar, former governor State Bank of Pakistan (SBP), rang the opening bell on the occasion of Women Day. Women from different sectors of the economy attended the event and also rang the […]
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