Pakistan Revenue
KARACHI: The equity market likely to display a mixed trend next week showing a range-bound behavior, analysts said. Analysts at Arif Habib Limited said that concerns of an expected hike in the upcoming monetary policy statement may keep investors on the back seat. However, valuations across the index have opened up to an enticing level […]
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KARACHI: Every market committee has been required to collect advance tax from dealers, commission agents under income tax laws. The Federal Board of Revenue (FBR) recently updated Income Tax Ordinance, 2001 under which advance tax is collectable from dealers, commission agents and arhatis under Section 236J. Section 236J: Advance tax on dealers, commission agents and […]
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KARACHI: Model Customs Collectorate (MCC) Appraisement (West) Karachi announced auction of vehicles laying at Al-Hamd International Cargo Terminal to be held on March 25, 2019. Following vehicles will be offered for the auction: S. No. Description Model Capacity 1 Used Mitsubishi Car 2009 – 2 Used Mitsubishi Mini Cab 2013 – 3 Used Nissan Clipper […]
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KARACHI: State Bank of Pakistan (SBP) on Friday directed all commercial banks to ensure receiving payment of duty and taxes through over the counter (OTC) channel. The SBP said that the finance department through circular on July 17, 2018 made it mandatory for banks to enable their Over-the-Counter (OTC) Channel for collection of taxes and […]
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KARACHI: The equity market gained 147 points on Friday on hopes of good news on economic front. The benchmark KSE-100 index closed at 38,532 points as against 38,385 points showing an increase of 147 points. Analysts at Arif Habib Limited said that the market had a relatively better session as compared to the past whole […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the appointment of focal person by Federal Board of Revenue (FBR) for resolving issues related to industry. In a statement on Friday FPCCI praised appointment of FBR focal person, Engr. Daroo Khan AchakzaiEngr. Daroo Khan Achakzai, President FPCCI on behalf of Federation of […]
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KARACHI: State Bank of Pakistan (SBP) has announced bank holiday on March 23, 2019 on occasion of Pakistan Day. In a circular issued by the SBP said that the State Bank of Pakistan would remain closed on March 23, 2019 (Saturday) being public holiday on the occasion of “Pakistan Day” as declared by the Government […]
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KARACHI: The Pak Rupee significantly declined by 61 paisas against US dollar in early trade on Friday. The dollar is being traded at Rs140.10 in interbank foreign exchange market. The foreign currency market was ended last day at Rs139.49 to the dollar. Currency experts said that due to high demand for import and corporate payment […]
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KARACHI: Importers, exporters and other stakeholders related to international trade are required to maintain transactions record for at least past five years. According to Customs Act, 1969 the stakeholders of international trade are required to maintain record under the following section: Section 211: Maintenance of record Sub-Section (1): All importers, exporters and claimants of duty […]
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KARACHI: Pakistan Tax Bar Association (PTBA) on Thursday demanded the government of recruiting accountant members of tribunals of Customs and Inland Revenue should be through Federal Public Service Commission (FPSC) and approved by Supreme Court / High Court. The PTBA has sent communication to Dr. Farough Naseem, Federal Minister of Law & Justice, Asad Umar, […]
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