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MARKETS
The Pakistan Stock Brokers Association is now formally operational

The Pakistan Stock Brokers Association is now formally operational

  KARACHI: The Pakistan Stock Brokers Association (PSBA) on Wednesday announced. That it completed all legal formalities to become operational. As per the law applicable to trade associations. The Securities and Exchange Commission of Pakistan…

MARKETS
Modi’s rating of five Pakistani banks is confirmed to be stable

Modi’s rating of five Pakistani banks is confirmed to be stable

Modi’s on Tuesday confirmed the rating of five Pakistani banks. ‘B3 long-term local currency and Caa1 foreign-currency deposit ratings. Pakistani Banks include Allied Bank Limited (ABL). Habib Bank Limited (HBL). MCB Bank Limited (MCB). National…

WORLD TAXES
Afghan transit trade starting through Wagah from July 15

Afghan transit trade starting through Wagah from July 15

  ISLAMABAD: Pakistan has allowed Afghan exports through Wagah border crossing from July 15, 2020, a statement said on Monday. At the special request of the Government of Afghanistan and to facilitate transit trade to…

WORLD TAXES
Pakistan, Hungry sign MoU for avoiding double taxation

Pakistan, Hungry sign MoU for avoiding double taxation

ISLAMABAD: The Federal Board of Revenue (FBR) said in a statement on Wednesday that the exchange of information between Pakistan and Hungary under the new version of income tax evasion and prevention of financial theft.…

UPDATES
PM Imran Khan Big Incentive for Construction Industry In Pakistan

PM Imran Khan Big Incentive for Construction Industry In Pakistan

PM Imran Khan Big Incentive for Construction Industry In Pakistan The President of the SAARC Chamber of Commerce and Industry said that the massive package for the construction industry is a ray of hope at…

BUDGET
Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 |

Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 |

Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 | Industrial Relief Measures Exemption of additional custom duties on those tariff lines which are now @ 0%customs duty in tariff. Reduction of…

FINANCE
Imported LNG prices for gas companies increased

Imported LNG prices for gas companies increased

KARACHI: OGRA increased the prices of imported LNG for gas companies. A price notification has been issued for the month of July. The price of LNG for Sui Northern increased by 0. 0.35 per mmbtu…

WORLD TAXES
Highest Statutory Corporate Income Tax Rates in the World, 2019

Highest Statutory Corporate Income Tax Rates in the World, 2019

Country Name Continent Name Tax Rate United Arab Emirates* Asia 55% Comoros Africa 50% Puerto Rico North America 37.5% Suriname South America 36% Chad Africa 35% Democratic Republic of the Congo Africa 35% Equatorial Guinea…

MARKETS
US dollar inflated by 4 paisa

US dollar inflated by 4 paisa

Lahore: The US dollar is four paise more expensive against the rupee During the second day of this week, the value of US dollar once again increased by four paise. According to the details, the…

TAXATION
No sales tax on wheat flour and related items

No sales tax on wheat flour and related items

ISLAMABAD: It is for general information and in order to avoid any confusion on the matter mentioned above. It is clarified that no sales tax had been imposed on wheat flour in any form of…