Sales tax exempted on services provided by beauty parlors

KARACHI: Sales tax has been exempted on services provided by beauty parlors or beauty clinics within the province of Sindh if their annual turnover is below Rs2.5 million. According to Working Tariff... Read more »

Appeals against tax orders to be filed electronically from January 01

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued draft rules for filing appeals electronically from January 01, 2021. The FBR issued SRO 1262(I)/2020 to propose amendments in Income Tax Rules, 2002.... Read more »

Country’s weekly foreign exchange reserves increase by $467 million

KARACHI: The liquid foreign exchange reserves of the country have increased by $467 million to $20.552 billion by week ended November 20, 2020, State Bank of Pakistan (SBP) said on Thursday. The... Read more »

Stock market gains 654 points

KARACHI: The stock market gained 654 points on Thursday as trading activities were seen in energy sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,031 points as against... Read more »

Rupee ends firmer against dollar

KARACHI: The Pak Rupee ended firmer against the dollar on Thursday as inflows were sufficient to meet the demand for import and corporate payments. The rupee ended Rs159.26 to the dollar from... Read more »

Volunteer helps FBR in broadening of tax base

KARACHI: Federal Board of Revenue (FBR) is making all out efforts to aware people in discharging their national duty by paying taxes and making true declaration of income and assets. Many volunteers... Read more »

Foreign investors express concerns over lack of attention on IPR protection

KARACHI: Foreign investors operating in Pakistan have expressed concerns over lack of attention by government authorities on protection of Intellectual Property Rights (IPRs). The concerns have been expressed in a survey conducted... Read more »

Procedure to get exemption certificate for imported goods

ISLAMABAD: Procedure for obtaining certificate to get exemption from advance income tax on imported goods has been laid down in Income Tax Rules, 2002. The FBR issued Income Tax Rules, 2002 (updated... Read more »

Return filing may reach 6.5 million if NTN holders make compliance

ISLAMABAD: The number of return filers may reach near 6.5 million if persons obtained National Tax Number (NTN) make compliance. According to the Federal Board of Revenue (FBR) more than 3.5 million... Read more »

Stock market ends up by 514 points amid activity in energy sector

KARACHI: The stock market witnessed a gain of 514 points on Wednesday as trading activity was seen in energy sector following increase in prices of international crude oil. The benchmark KSE-100 index... Read more »