KARACHI: Pakistani Rupee (PKR) made sharp recovery of PKR 2.95 to the dollar on Wednesday and ended at PKR 273.33 at interbank closing.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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MCB Bank registers 10pc increase in annual profit; forex income surges 149pc
MCB Bank Limited on Wednesday announced 10 per cent growth in net annual profit to Rs34.45 billion for the year ended December 31, 2022 as compared with Rs31.33 billion in the preceding year.
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Rupee ends near historic low; dollar jumps to PKR 276.28 in interbank
KARACHI: Pakistani Rupee (PKR) on Tuesday ended near to historic low as dollar jumped to PKR 276.28 in the interbank foreign exchange market.
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FBR transfers 18 Commissioners Inland Revenue of BS-20 with immediate effect
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday transferred 18 Commissioners of Inland Revenue Service (IRS) in BS-20 with immediate effect and until further orders.
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FBR seeks proposals to eliminate exemption, concessions in income tax
ISLAMABAD: The Federal Board of Revenue (FBR) has called for proposals to eliminate exemptions and concessions under income tax laws as part of the formulation process for the budget 2023-2024.
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Supreme Court orders taxpayers to pay half of super tax
ISLAMABAD: Supreme Court of Pakistan (SCP) on Monday ordered the taxpayers to pay half of the super tax within seven days, according to a Tweet by the Federal Board of Revenue (FBRP).
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Rupee rebounds against dollar to end at PKR 275.30
KARACHI: Pakistani Rupee (PKR) on Monday rebounded against the dollar and recovered PKR 1.28 to end at PKR 275.30.
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FTO directs fair treatment of salary taxation for temporary employees
Federal Tax Ombudsman (FTO) has issued instructions regarding salary taxation for temporary / adhoc employees and directed employers and tax authorities to deduct tax of such employees under Section 149 of Income Tax Ordinance, 2001.
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Discontinuation of Rs5000 banknote suggested to formalize Pakistan economy
Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.
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Significant jump in petroleum prices in the offing with expected sales tax imposition
ISLAMABAD: A significant increase in petroleum prices in the offing as the government may impose sales tax at 17 per cent on the petroleum products.
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