Pakistan Revenue
Federal Board of Revenue (FBR) has notified rates of withholding tax on wining prize bonds and winnings raffle or lottery during 2022-2023. The FBR issued the withholding tax card for tax year 2023 (July 01, 2022 to June 30, 2023) after amending the Income Tax Ordinance, 2001 through changes brought through Finance Act, 2022. READ […]
Continue Reading
KARACHI: Pakistan has not extended the date for exchanging bearer prize bonds that were expired on June 30, 2022. A number of persons have reached PkRevenue.com regarding extension for exchanging bearer prize bonds. However, there is no information from the finance ministry of the State Bank of Pakistan (SBP) regarding date extension. READ MORE: Pakistan-issued […]
Continue Reading
KARACHI: The prize bonds of various denominations issued by the government of Pakistan are expiring on June 30, 2022. So far no decision came from the finance ministry to extend the last date for exchanging bearer prize bonds. The federal government has already extended the last date for converting or exchanging the bearer prize bonds […]
Continue Reading
KARACHI: The bearer prize bonds of various denominations will not be exchangeable or convertible after June 30, 2022, which is the last date set by the government. The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The State Bank of Pakistan (SBP) issued […]
Continue Reading
KARACHI: The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The last date for encashment of the bearer prize bonds was March 31, 2022, the State Bank of Pakistan (SBP) said on Wednesday. Through a circular, the SBP announced the extension in last […]
Continue Reading
KARACHI: The holders of bearer prize bonds can exchange or convert the securities with documented ways by March 31, 2022. Through a circular issued by the State Bank of Pakistan (SBP) on December 21, 2021 the date for exchanging the bearer prize bonds with denominations of Rs40,000, Rs25,000, Rs15,000 and Rs7,500 was extended up to […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) has collected around Rs11 billion as income tax on the amount paid from winning of prize bonds during fiscal year 2020/2021, according to official data released on Monday. The collection of income tax grew by only one per cent during the fiscal year 2020/2021 as compared with Rs10.89 […]
Continue Reading
KARACHI: State Bank of Pakistan (SBP) on Tuesday directed commercial banks to accept bearer prize bonds of high denomination till March 31, 2021. Through a circular, the SBP informed that Circular No. 1 dated April 30, 2021, and Circular No. 3 dated September 29, 2021, were issued wherein the last date for encashment/conversion/redemption of captioned […]
Continue Reading
ISLAMABAD: The holders of unregistered or bearer prize bonds have been given three months to exchange or covert with the documented ways otherwise the bills will have no worth after the deadline. Through different notifications, the Finance Division has notified extension to exchange or conversion of high denomination unregistered/bearer prize bonds up to March 31, […]
Continue Reading
Central Directorate of National Savings (CDNS) has held Fourth draw of Rs25,000 denomination prize bonds (premium or registered) and announced Rs30 million as first prize to the bond number (016253) and (067408). The prize bond draw was held at Quetta on December 10, 2021. Five bonds i.e. (038203), (171265), (551833), (655804) and (916353) have been awarded Rs10 million each […]
Continue Reading