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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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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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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Rupee plummets to historic low of PKR 276.58 to dollar at interbank closing
KARACHI: Pakistani Rupee (PKR) plummeted to the dollar on Friday to make historic low at PKR 276.58 at closing of interbank foreign exchange market.
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Russian oil starts arriving Pakistan by April 2023
ISLAMABAD: Russian oil will start arriving Pakistan by April 2023, according to a state minister, who informed the Senate on Friday.
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