Month: July 2021
Govt launching Kamyab Pakistan program for small business loans
The government has decided to launch the "Kamyab Pakistan" program on July 29. It is an initiative that offers a… Read More
FBR Directs taxmen to Declare Assets
The Federal Board of Revenue (FBR) directed all tax officers and officials to declare their Assets and Performance Evaluation reports… Read More
FBR Reveals Draft Rules for New Export Scheme
The Federal Board of Revenue (FBR) released draft rules for new Export Facilitation Scheme 2021. FBR also called for comments… Read More
FBR Not providing tax concessions to Foreign Exchange Remittance Card holders
It has been disclosed that the Federal Board of Revenue (FBR) is not offering the facility of duty and tax… Read More
Cabinet exempts state owned enterprises from transparency rules
The federal cabinet has amended the procurement rules to allow the government to award contracts to the state-owned enterprises without floating public… Read More
Profit Rates of National Savings Certificates Revised
The Finance Ministry has revised the profit rates on National Savings Schemes certificates. A notification issued in this regard on… Read More
Rupee Weakens Further Against Dollar
The Pak-rupee extended losses against the US-dollar on Wednesday, owing to the higher demand for import payments. According to media… Read More
FBR Issues Circular for Tax Recovery Procedures From Cooperative Housing Societies
Federal Board of Revenue (FBR) issued Circular No. 3 of 2022 Dated: July 5th, 2021 regarding recovery of tax and… Read More
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui Southern Gas Company Limited… Read More
FBR issues SRO for procedure of electronic audit of income tax cases
The Federal Board of Revenue (FBR) on Tuesday issued a procedure for selection and conducting electronic audit of income tax… Read More