Pakistan Revenue
KARACHI: Pakistan State Oil (PSO) has said it received Rs60 billion as partial settlement of receivable from power sector companies. In a notice to Pakistan Stock Exchange (PSX) on Monday, the state run oil marketing company said that it had received an aggregate amount of Rs60 billion as partial settlement of receivables related to certain […]
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KARACHI: Philip Morris (Pakistan) Limited, an American multinational cigarette and tobacco manufacturing company, has decided to close down its factory located in Kotri.
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KARACHI: The Pak Rupee has lost 12 paisas against the US dollar in early trade on Monday owing to demand for import and corporate payments. The dollar is being traded at Rs138.65 in foreign currency market. The exchange rate was ended at Rs138.53 to the dollar in interbank foreign exchange market. Currency experts said that […]
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KARACHI: A person fails to pay taxes by due date shall be liable to pay default surcharge at 12 percent per annum. The Federal Board of Revenue (FBR) recently issued updated Income Tax Ordinance, 2001 explaining the default surcharge on failure to pay tax by due date. Section 205: Default surcharge Sub-Section (1): A person […]
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KARACHI: Sindh Food Authority (SFA)has sealed many breakfast eateries in different districts of Karachi on Sunday.Director Operations, Sindh Food Authority Abrar and Deputy Director Imtiaz Abro along with his team inspected various big eateries. Names are as under: 1) Master broast2) Baithak peshawari3) Dera4) Handi Inn5) New Dil pasand The team found extreme unhygienic and […]
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KARACHI: Model Customs Collectorate (MCC) Port Muhammad Bin Qasim has directed all deputy and assistant collectors to ensure timely clearance of consignments. In a official memo issued to all deputy and assistant collectors, the Collector Port Qasim directed that ensure strict compliance to the directives issued by MCC Appraisement West Karachi. MCC Appraisement on October […]
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Individuals who assist in or encourage tax evasion face severe penalties under Pakistan’s tax laws. Specifically, a person can be sentenced to up to three years in prison for aiding, abetting, or inciting another individual to commit a tax offense. The Federal Board of Revenue (FBR) has emphasized the strict nature of punishments associated with […]
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ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.2 percent on year-on-year basis in February 2019 as compared to an increase of 7.2 percent in the previous month.
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KARACHI: The Pak Rupee ended firmer against US dollar in cash ready market on Saturday. The buying and selling of dollar was recorded at Rs138.70/Rs139.20, the same previous day’s level, in open market. The rupee made significant recovery in the interbank market during the outgoing week. The Pak Rupee gained 29 paisas against dollar on […]
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KARACHI: After witnessing decline the equity market likely to bounce back during next week after ease in stand off between Pakistan and India. Analysts at Arif Habib Limited hoped that the market to bounce back next week with tension between India and Pakistan to face a significant suppression following the release of the IAF pilot […]
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