Saturday, September 25, 2021

FBR

FBR to issue promissory notes against STR claims in April

The Federal Board of Revenue (FBR) will issue the promissory notes to exporters against their sales tax refund claims in April, 2019, Chairman FBR Jahanzaib Khan Abbasi said on Saturday. Finance Minister Asad Umar while presenting the Second Supplementary Finance...

Abolishing CGT will spur capital market growth

Stock market is considered to be the most regulated and documented avenue where almost 95% of the monies received are through banking system. In the presence of existing Know your customer (KYC) and different rules and regulations, including but...

Philip Morris partially shuts cigarette business in Pakistan

Philip Morris (Pakistan) Limited (PMPKL) on Monday announced it will reorganize its cigarette-manufacturing operations, following a strategic review to optimize process efficiencies and operational effectiveness and to position PMPKL for sustainable future growth. This will involve closure of the cigarette-manufacturing...

Government plans online collection of taxes

The PTI government has decided several reforms in the Federal Board of Revenue (FBR) to increase ease of business. With a view to facilitate taxpayer, FBR and State Bank of Pakistan (SBP) will prepare online tax collection system. Finance Minister...

Speculation on Rupee devaluation dies, investor shifts focus from hoarding USD

With the influx of funds from Saudi Arabia and United Arab Emirates (UAE), the rumours regarding further devaluation of rupee have died, as the investors are shifting the focus from hoarding US dollar.   Besides, the strict measures taken by the...

 APTMA demands FBR for RPOs release against ST refunds before promissory notes issuance

Zahid Mazhar, Chairman, All Pakistan Textile Mills Association, Sindh-Baluchistan Region has welcomed announcement of issuance of Promissory Notes to clear huge amount of long outstanding sales tax refund by Minister for Finance & Economic Affairs.   Zahid Mazhar in a statement...

National Tax Conference to be held in March

Due to its role as the National leader of the Accountancy profession, the Institute of Chartered Accountants of Pakistan (ICAP/ the Institute) has shared a close relationship with the Government of Pakistan.   The Institute with its commitment to serve public...

A big Thank You to FM and team, PSX need some more appetite to energise investors

Hammad Kehar, President, Munir Khanani, Vice President and the entire Managing Committee of PSX Stockbrokers Association are appreciative to the efforts of Asad Umer, Finance Minister, and Hammad Azhar, State Minister for Revenue, for presenting the Economic Reforms Package...

FBR Inland Revenue raids a private school, detects hefty scale tax evasion

The special unit of the Federal Board of Revenue (FBR) has started rounding up tax evaders and those concealing revenues. Regional Tax Office-III has now taken up the school owners following regulatory action against politicians, businessmen and celebrities.   In pursuance...

Major Transfers and postings in FBR, notification issued

After a long halt, Federal Board of Revenue on Friday late evening signaled the major transfer orders of Inland Revenue Service from BS-16 to BS-20 officers with immediate effect. Since the PTI government came to the power, a major...
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Rathore woos Pakistani diaspora in Canada for collaborations in education, tourism

Pakistan High Commissioner-designate to Canada Ameer Khurram Rathore has said that he plans to engage extensively with the Pakistani...
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