Pakistan Revenue
ISLAMABAD: Prime Minister Imran Khan has welcomed investment from Qatar in various sectors of the economy. A delegation of Qatar Investment Authority (QIA) headed by H.E. Sheikh Faisal Bin Thani Al-Thani, Head of Regional Portfolios, called on Prime Minister Imran Khan at PM Office. Prime Minister welcomed QIA’s interest in making investments in various sectors […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday criticized the increase in prices of petroleum products for the month of April 2019. In a statement issued by the FPCCI, its president Engr. Daroo Khan Achakzai had shown serious concern on exorbitant increase of Rs6 per litre in the prices of petrol […]
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KARACHI: The rupee depreciated 11 paisas against dollar on Monday owing to hike in policy rate and petroleum products. The rupee ended Rs140.89 to the dollar from last Friday’s close of Rs140.78 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs140.80 and Rs140.85. The market recorded day […]
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Goods transporters in Karachi have expressed strong opposition to the recent hike in petroleum product prices, announcing a corresponding 10 percent increase in transportation fares.
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KARACHI: State Bank of Pakistan (SBP) on Monday issued regulations for electronic money institutions in order to promote financial inclusion in the country. In a statement, the central bank said that in order to foster innovation in the payments industry and promote financial inclusion in the country, it has been decided to license non-banking entities […]
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ISLAMABAD: The deficit in tax collection has soared by 295 billion in first nine month of current fiscal year making it an impossible task for Federal Board of Revenue (FBR) to achieve Rs4,398 billion target for current fiscal year. The revenue collection for July – March 2019 was stood at Rs2,700 billion as against the […]
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KARACHI: The Pak Rupee fell by seven paisas against dollar in early trade on Monday. The dollar is being traded at Rs140.85 in interbank foreign exchange market. The foreign currency market was ended at Rs140.78 on last Friday. Currency experts said the rupee was sliding due to ongoing discussions with IMF for new loan program.
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KARACHI: A normal sales tax rate at 17 percent is applicable on taxable supplies made by registered person. Federal Board of Revenue (FBR) issued recently the updated Sales Tax Act, 1990 under which its Section 3 explained the scope of tax. Section 3: Scope of tax Sub-Section (1): Subject to the provisions of this Act, […]
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ISLAMABAD: The government has increased prices of petroleum products up to Rs6 per liter for the month of April 2019. The prices of petrol and diesel have been increased by Rs6 per liter and prices of kerosene oil and light diesel oil by Rs3 per liter. The price of diesel prices has been inflated from […]
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ISLAMABAD: Federal Board of Revenue (FBR) has established Directorate General of International Tax Operations to initiate legal proceedings in undeclared offshore assets by Pakistanis. The FBR issued notification to set up the directorate on March 29, 2019. The directorate will have head office in Islamabad and its subordinate offices will be at Lahore, Peshawar, Multan, […]
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