Pakistan Revenue
KARACHI: The Pak Rupee remained unchanged against dollar on Thursday amid lackluster trading activities. The rupee ended Rs141.40 to the dollar, the same previous day’s closing 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 high of Rs141.40 and low […]
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KARACHI: The foreign direct investment (FDI) has declined by 51.4 percent to $1.27 billion during first nine months of current fiscal year as compared with $2.6 billion in the corresponding period of the last fiscal year, according to statistics issued by State Bank of Pakistan (SBP) on Thursday. The inflows of FDI fell by 20.9 […]
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KARACHI: Zubyr Soomro has been appointed as chairman of Board of Directors of National Bank of Pakistan (NBP), said a notice to Pakistan Stock Exchange (PSX) on Thursday. A day earlier the finance division notified appointment of chairman and directors on the board of NBP with immediate effect. According to the notice the following members […]
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As per Section 24 of the Sales Tax Act, 1990, a person engaged in taxable supplies is mandated to preserve records and documents for a period of six years, effective from the end of the tax period to which such records or documents relate.
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued new instructions to banks regarding providing details of cash withdrawal by filers and non-filers. The FBR issued SRO 469(I)/2019 dated April 17, 2019 to amend SRO 1165(I)/2018 dated September 28, 2018. The amendment has been made regarding amount deducted on cash withdrawal from banks by filers […]
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday directed Utility Stores Corporation (USC) to ensure availability of essential items during the holy month of Ramazan. The ECC meeting was held with Finance Minister Asad Umar in the chair. The Committee reviewed proposals of various ministries/divisions. The committee also considered and approved various […]
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KARACHI: State Bank of Pakistan (SBP) on Wednesday said that stakeholders would be taken onboard while taking decision on Treasury Single Account (TSA). In a statement, the central bank said that some news are circulating on social media regarding government plans to introduce TSA. While the proposal to introduce TSA is being examined by the […]
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KARACHI: Directorate General of Intelligence and Investigation, Customs, Karachi announced auction of confiscated vehicles to be held on April 23, 2019 at PECHS Karachi. 01. Toyota Crown Car, Reg No. AA-7095, Model 1995 02. BMW Car, Reg No QZ-318, Model 2000 03. Mercedes Benz Car (E-500), Reg No. AC-3077, Model 2002 04. Toyota Crown Car, […]
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ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced group’s revenue growth by 11 percent for first quarter ended March 2019. The financial results announced at the Board of Directors’ meeting held in Islamabad on April 17, 2019. PTCL Group’s revenue for the quarter has grown YoY by 11 percent to Rs.33.5 billion as a […]
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KARACHI: Chairman Pakistan-South Africa Business Forum (PSABF) Mohammad Rafiq Memon has said that Pakistan’s cement exports to South Africa have suffered terribly during the last couple of years because of the anti-dumping duty imposed by the South African government that resulted in shrinking cement export to around US$100 to US$150 million which was around US$700 […]
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