Islamabad

ISLAMABAD: Federal Board of Revenue (FBR) has streamlined sales tax withholding regime for compelling sales tax return filing and realizing...

FY20 sees fiscal deficit at 8.1pc of GDP

ISLAMABAD: Pakistan’s fiscal deficit came in at 8.1 per cent of GDP in 2019-20 amounting to Rs3376 billion. The data...

Moody’s confirms ratings of five Pakistani banks as stable

ISLAMABAD: Moody’s Investors Service confirmed the B3 long-term local-currency and Caa1 foreign-currency deposit ratings of five Pakistani banks. The banks...

ECC okays amendments to Import Policy Order 2016 to strengthen trade of meat products

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has given principled go-ahead to the payment of all liabilities and responsibilities...

FBR initiates action against irregularity, corruption & inefficiency

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take action against irregularity, corruption and inefficient elements present in...

Hafeez Shaikh directs FBR to expedite tax refund process

ISLAMABAD: Adviser to Prime Minister on Finance Abdul Hafeez Shaikh chaired a meeting on tax refund payments at the Federal...

NA body approves amendments to money laundering law amid strong opposition

ISLAMABAD: The National Assembly Standing Committee on Finance, Revenue, and Economic Affairs approved the 2nd amendment in AML Bill 2020,...

Country’s trade deficit shrinks 22.64pc in July

ISLAMABAD: The country’s trade deficit registered a 22.64 per cent decline in July – the first month of current fiscal...

SECP starts consultative process to revamp NBFC regime

ISLAMABAD: The Securities and Exchange Commission of Pakistan has issued a draft of amendments in the Non-Banking Finance Companies (Establishment...

FBR transfers 38 PCS officers of BS-18-19 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) has issued order for transfers/postings of the following officers of Pakistan Customs Service (BS-18-19)...

Non-ATL to pay 0.6pc WHT on cash withdrawal: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that 0.6 percent withholding tax shall be collected on cash withdrawal of...

CNIC condition on sales up to Rs100,000 relaxed to facilitate retailers: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that the retailers are not required to maintain information of Computerized National...

FBR updates WHT rates on prizes, winnings

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rate on prizes and winnings for tax year 2021. The...

PSO starts importing Euro-V petrol

ISLAMABAD: Pakistan State Oil (PSO) has become the first oil marketing company to import Euro-V petrol in Pakistan. According to...

NAB being considered as role model among SAARC countries against corruption: Chairman Javed Iqbal

09/08/2020

ISLAMABAD: Justice Javed Iqbal, Chairman National Accountability Bureau (NAB) has said that NAB is the focal organization of Pakistan under...

FBR updates withholding income tax rates for exporters

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding income tax rates for exporters for tax year 2021. The FBR...

Moody’s upgrades Pakistan’s outlook to ‘stable’ from ‘under review for downgrade’

ISLAMABAD: Credit rating agency Moody's has upgraded Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, while maintaining a B3...

Various organizations made duty bound to allow real-time access: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that after amendments made to sales tax and federal excise laws various...

WAPDA writes letter to CPPA asking to clear Rs221b in dues