Tax Maloomat captures assets, bank account details of 53 million citizens
ISLAMABAD: The Tax Maloomat (information) – a program launched by the Federal Board of Revenue (FBR) has captured details of 53 million citizens who have made transactions and withholding tax […]
SBP’s adoption of market-based exchange rate and its impact on current account balance: analysis
KARACHI: The current account balance of the country turned in to surplus following the State Bank of Pakistan (SBP) adopted market-based exchange rate regime. The State Bank of Pakistan (SBP) […]
Advance tax on stock exchange transactions abolished
KARACHI: The government through budget 2021/2022 has abolished advance tax on stock exchange transactions and in this regard required amendment has been proposed through Finance Bill, 2021. Tax experts at […]
Retailers accepting debit, credit cards payment to be treated as Tier-I
ISLAMABAD: The Federal Board of Revenue (FBR) will bring more retailers into sales tax ambit after the proposal made through Finance Bill, 2021 related to Tier-I retailers. Tier-I retailers are […]
Stocks end flat in range bound trading
KARACHI: The stock market ended flat on Tuesday in a range bound trading activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,987 points as against previous […]
Karachi Interbank Offered Rates on June 22
KARACHI: State Bank of Pakistan (SBP) issued following Karachi Interbank Offered Rates (KIBOR) for June 22, 2021. Tenor BID OFFER 1 – Week 6.92 7.42 2 – Week 6.96 7.46 […]
Rupee weakens by 68 paisas against dollar
KARACHI: The Pak Rupee ended down by 68 paisas against the dollar on Tuesday owing to demand for import and corporate payments. The rupee ended Rs158.19 to the dollar from […]
No withholding tax on cash withdrawal from July 01
ISLAMABAD: Banks shall not collect/deduct withholding tax on cash withdrawal from July 01, 2021 subject to approval of the Finance Bill by the National Assembly. The Finance Bill 2021 proposed […]
China desires to invest more for Pakistan’s economic growth
ISLAMABAD: Ambassador of the People’s Republic of China Nong Rong has expressed the desire of the present Chinese Government to invest more in all sectors to lift the economic standing […]
Online market places to require collect sales tax
ISLAMABAD: As per proposed laws in Sales Tax Act, 1990 persons running online market place will require to collect sales tax whether goods owned by them or not, sources in […]