The Federal Board of Revenue (FBR) has announced its intent to roll out a special tax procedure tailored for small traders and shopkeepers in the country.
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Loss carry forward allowed for three years on disposal of securities
Loss carry forward allowed for three years on disposal of securities has been introduced through an amendment to the Income Tax Ordinance, offering relief to investors in the stock exchange.
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Tax on undistributed profits not to applicable beyond tax year 2019
The tax on undistributed profits, which had been introduced in the Finance Act of 2017, will not be applicable beyond the tax year 2019.
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Finance Minister Asad Umar Unveils Economic Reform Package to Boost Investment and Exports
On Wednesday, Finance Minister Asad Umar took the floor of the house to present a comprehensive economic reform package aimed at promoting investment and exports in Pakistan.
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KSE-100 gains 156 points on mini-budget positive outcome
On Wednesday, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) recorded a notable gain of 156 points, closing at 40,058 points as opposed to the previous day’s closing at 39,902 points.
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Stock brokers directed to submit clients’ assets segregation statement
Karachi: The Pakistan Stock Exchange (PSX) has issued a directive requiring stock brokers to submit clients’ assets segregation statements duly verified by statutory auditors.
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Rupee ends unchanged on cautious trading
Karachi: The Pakistani Rupee (PKR) exhibited stability in the interbank foreign exchange market on Wednesday, maintaining its previous day’s closing level against the US Dollar (USD).
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FBR issues first Urdu version Customs Act 1969
Islamabad: In a move aimed at enhancing accessibility and understanding of tax regulations among traders and the business community, the Federal Board of Revenue (FBR) has unveiled the first-ever Urdu version of the Customs Act, 1969.
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Income Tax Ordinance 2001: minimum tax on income of certain taxpayers
Karachi: The Federal Board of Revenue (FBR) has made significant amendments to the Income Tax Ordinance, 2001, introducing the concept of minimum tax on the income of certain taxpayers, including individuals and corporate entities.
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German consul general opens PSX trading
Karachi: German Consul General Eugen Wollfarth inaugurated trading at the Pakistan Stock Exchange (PSX) on Wednesday by ringing the traditional trading bell.
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