Pakistan Revenue
ISLAMABAD: Total company registration with Securities and Exchange Commission of Pakistan (SECP) has crossed 96,500 by end of February 2019. A statement issued by the SECP said that about 1,290 new companies were registered in February. As compared to the corresponding month of last financial year, it represents a growth of 26 percent raising the […]
Continue Reading
ISLAMABAD: The federal government has allowed non-filers of income tax returns to purchase of locally assembled motor vehicles of any engine capacity.
Continue Reading
ISLAMABAD: Prime Minister Imran Khan on Wednesday approved the first-ever ‘National Tariff Policy’ which is aiming to improve competitiveness through access to raw materials, increase employment opportunities by attracting investment through transparent and predictable tariff regime. The draft policy, approved by the prime minister, would be presented before the Federal Cabinet for its consideration. Highlighting […]
Continue Reading
KARACHI: Sindh Food Authority (SFA) on Wednesday raided several shops of sweets and bakers and found unhygienic environment and expired food items. The raids were undertaken in central district of Karachi. The authority inspected sweet shops, bakeries and marts at Block ‘M’ and ‘L’ of North Nazimabad. The authority sealed three bakeries and sweet shops […]
Continue Reading
KARACHI: The business community has demanded separate gas line for industries and CNG stations in order to avoid production losses. Saleem Parekh, President, SITE Association of Trade and Industry in a statement on Wednesday said that the common gas line for industries and CNG stations is a ‘hurdle in industrial production’ and also the main […]
Continue Reading
KARACHI: The equity market ended down by 120 points on Wednesday owing to continued selling pressure. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,568 points as against 39,689 points showing a decline of 120 points. Analysts at Arif Habib Limited said that the market remained under pressure during the day despite […]
Continue Reading
ISLAMABAD: The Pak Rupee ended down by 11 paisas against dollar in interbank foreign exchange market owing to high demand for import and corporate payments.
Continue Reading
Karachi – In a move aimed at strengthening the administrative core of the Pakistan Customs Service (PCS), the Federal Board of Revenue (FBR) has announced the promotion of three distinguished customs officers from BS-17 to BS-18 on a regular basis, effective immediately.
Continue Reading
KARACHI: Banks are required to provide certain details of their customers and transactions to Federal Board of Revenue (FBR) for subsequent use of identifying new taxpayers and tax evasion. After the implementation of Finance Act, 2018 and Finance (Supplementary) Act, 2018 there are various changes made to Section 165A of Income Tax Ordinance, 2001 related […]
Continue Reading
KARACHI: Pakistan’s cement exports registered unprecedented growth of 52 percent during first eight months (July – February) of fiscal year 2018/2019 mainly on the back of rupee depreciation and focus on low margin exports. The export of cement rose to 4.65 million tons during first eight months of current fiscal year as compared with 3.05 […]
Continue Reading