Pakistan Revenue
KARACHI: The total liquid foreign exchange reserves of the country have increased to $17.58 billion by March 25, 2019, State Bank of Pakistan (SBP) said on Thursday. The central bank received RMB 15 billion equivalent to US$2.2 billion on March 25 as proceeds of the loan obtained by the government of Pakistan from China. Accordingly, […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified transfers and postings of Inland Revenue Service (IRS) officers of BS-16 to BS-19 with immediate effect until further orders. Following officers have been notified under the transfers and postings: 01. Abdur Razzaq Khan (Inland Revenue Service/BS-19) has been transferred and posted as Additional Commissioner Inland Revenue […]
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KARACHI: State Bank of Pakistan (SBP) on Thursday directed banks to facilitate payment of duty and taxes on Saturday, March 30, 2019. The central bank in a statement said in order to facilitate the collection of Government receipts/duties/taxes, NIFT will provide special clearing facility on the advice of SBP on Saturday, March 30, 2019 at […]
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KARACHI: State Bank of Pakistan (SBP) has established a facilitation desk for foreign exchange related remittances to help multinational companies and domestic businesses. In a statement on Thursday, the SBP said it had established the facilitation desk to cater to the queries pertaining to foreign exchange related remittances to help all stakeholders including multinational companies […]
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KARACHI: The equity market fell by 412 points on Thursday reversing the yesterday’s gain on profit taking activities. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,553 points as against 38,965 points showing a decline of 412 points. Analysts at Arif Habib Limited said that the market reversed major part of the […]
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KARACHI: The Pak Rupee ended firmer against the US dollar on Thursday in a range bound trading activity. The rupee ended Rs140.29 to the dollar from previous day’s close of Rs140.28 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs140.28 and Rs140.30. The market recorded day high […]
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ISLAMABAD: Federal Board of Revenue (FBR) has said that the government has not revised rates or limits of withholding tax on cash withdrawal from banks. In a statement on Thursday, the FBR said that the federal government has not revised rates or limits for tax on cash withdrawal from bank accounts under section 231A and […]
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KARACHI: The Pak Rupee fell by two paisas against US dollar on Thursday in early day trading. The dollar is being traded at Rs140.29 in Interbank Foreign Exchange Market. The foreign currency market last day ended at Rs140.27.
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ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved waiver of penal surcharges to the tune of Rs700 million on overstayed consignments at ports. The ECC meeting which chaired by Finance Minister Asad Umar approved a proposal of Federal Board of Revenue (FBR) to waive the accumulated penal surcharges of Rs700 million […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday issued a notification regarding the transfers and postings of BS-18 and BS-19 officers of the Pakistan Customs Service (PCS).
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