Pakistan Revenue
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 65 points owing to week sentiments prevailed on Wednesday. The index closed at 38,548 points as against 38,612 points showing a decline of 65 points. Analysts at Arif Habib Limited said that the weak sentiment caused the index to remain range bound. After […]
Continue Reading
The Pakistani Rupee faced a slight depreciation of five paisas against the US Dollar on Wednesday, attributed to increased demand for import and corporate payments.
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has assigned Broadening of Tax Base (BTB) Zones to initiate cases against Benami properties and directed to submit challan within 120 days. The FBR on Wednesday said Benami Transactions (Prohibition) Rules, 2019 have been enforced with immediate effect and BTB zones of Inland Revenue Service have been assigned the […]
Continue Reading
KARACHI: The Pak Rupee eased slightly against US dollar in early day trading on Wednesday despite demand for import and corporate payments. The dollar is being traded at Rs139.40 in interbank foreign exchange market. The foreign currency market was ended at Rs139.39 a day earlier. Currency experts said that the local currency was under pressure […]
Continue Reading
KARACHI: Federal Board of Revenue (FBR) has made manufacturers responsible for collecting advance tax on sales to distributors, dealers and wholesalers. The tax has been imposed under Section 236G of Income Tax Ordinance, 2001. Section 236G: Advance tax on sales to distributors, dealers and wholesalers Sub-Section (1): Every manufacturer or commercial importer of electronics, sugar, […]
Continue Reading
KARACHI: Engro Powergen Thar (Private) Limited (EPTL) has successfully tested and energized the first unit of 330MW of the combined 660MW coal based power plant – located in Thar Block II.
Continue Reading
KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Cyber Internet Services (Private) Limited for making short payment on telecom services. The SRB on Tuesday said that the services provided or rendered in respect of telecommunication including internet and bandwidth services are chargeable to the sales tax under the provincial law. M/s. […]
Continue Reading
ISLAMABAD: The federal cabinet has approved an amnesty for government employees, who concealed their government service in their passports. Directorate General, Immigration & Passport (Headquarters) vide its letter No. 15/01/2019-Policy (Vol-III), dated 11-03-2019 has informed that Federal Cabinet vide Cabinet Division’s letter No. 096/CM/2019-D dated February 22, 2019 has approved proposed amnesty for Government Officers/Officials […]
Continue Reading
KARACHI: State Bank of Pakistan (SBP) on Tuesday launches a concessionary Small Enterprise Financing and Credit Guarantee Facility for special persons. Tariq Bajwa, SBP, governor announced this special facility in the 7th meeting of the National Assembly Standing Committee on Finance, Revenue and Economic Affairs held at State Bank of Pakistan. Members of the Standing […]
Continue Reading
KARACHI: State Bank of Pakistan (SBP) has allowed Standard Chartered Bank, Pakistan to establish local Chinese Yuan Renminbi (CNY) clearing and settlement setup in the country. In a statement on Tuesday, the central banks said that Standard Chartered Bank (SCB) Pakistan can now open CNY accounts of the banks operating in Pakistan to facilitate settlement […]
Continue Reading