Pakistan Revenue
ISLAMABAD: Prime Minister Imran Khan on Friday appointed Dr. Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance, Revenue and Economic Affairs with the status of federal minister with immediate effect, said a statement. The prime minister office issued notification in this regard. In order to take the charge of the portfolio, Dr. […]
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KARACHI: The rupee maintained level against dollar for the fifth consecutive day on Friday amid reshuffle in the federal cabinet. The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day […]
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ISLAMABAD: Federal Board of Revenue (FBR) has informed the World Bank that the tax body has significantly reduced the number of audit selection this year. In Audit Policy 2017, FBR selected 7.5 percent cases for audit out of the total filers. However, in Audit Policy 2018, FBR has selected 2.3 percent of income tax cases […]
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KARACHI: The sales tax law has authorized tax officials to access record maintain by registered persons for the purpose of investigation and audit. According to updated Sales Tax Act, 1990 issued by the Federal Board of Revenue (FBR), the Section 25 explained maintenance of record by taxpayer and authority of tax department to access the […]
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ISLAMABAD: Dr. Hafeez Shaikh has been appointed as Advisor to Prime Minister on Finance following resignation of Asad Umar from the slot of finance minister. Asad Umar has resigned amid controversies on economic and policy decisions. Interestingly, Dr. Hafeez Shaikh, the nominated advisor to prime minister, was the finance minister during last tenure of Pakistan […]
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LAHORE: Directorate of Customs Intelligence and Investigation (I&I) announced auction of confiscated vehicles on April 25, 2019 at the directorate office Lahore. The following vehicles would be presented for the auction: 01. Toyota Progress Car, Engine 2927CC, Model 1999, Reg. No. DGA-271, Chassis No. JCJ11-0005820 02. BMW Car 745i, Model 2003, Reg No LZM-86, Chassis […]
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KARACHI: The foreign exchange reserves of the country fell by $1.03 billion during a week owing to huge repayment made against Pakistan Sovereign Bond. The total foreign exchange reserves of the country fell to $16.196 billon by week ended April 12, 2019 as against the reserves level of $17.228 billion a week ago, State Bank […]
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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has recommended that harsh measures of freezing bank account and raid should only be undertaken on discovery of massive tax evasion. A delegation of KCCI held discussions on Budget Proposals for Federal Budget 2019-2020 with Chairman Federal Board of Revenue (FBR) Jehanzaib Khan and his team at […]
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KARACHI: The equity market gained 59 points on Thursday after witnessing seesaw trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,811 points as against 36,753 points showing an increase of 59 points. Analysts at Arif Habib Limited said that the market had an exciting session where the Index […]
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KARACHI: Pakistan’s current account deficit narrowed by 29.44 percent during first nine-months (July-March) of current fiscal year owing to falling imports and improved foreign remittances. The current account deficit narrowed to $9.58 billion during first nine months of current fiscal year as compared with deficit of $13.589 billion in the corresponding period of the last […]
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