A bad news for salaried class in the shape of considerable high Revised Salary Income Tax Rates 2022-23 in the amended Finance Bill 2022. This change will be experienced by salaried class for the month of July 2022…

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Tax on Agricultural Income in Pakistan 2022 | Easy Latest Tax Calculator

August 1, 2022

Tax on Agricultural Income in Pakistan 2022 Agricultural income is an exempt income from tax under section 41 of the Income Tax Ordinance, 2001. Such exemption from tax under ITO 2001 ( section 41 & section…

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Surcharge Imposed for Clearance of Banned Consignments

July 26, 2022

Surcharge Imposed for Clearance of Banned Consignments Government has allowed release of banned consignments subject to imposition of 15% surcharge. This is in terms of paragraph 20 of the Import Policy Order, 2022. These consignments…

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No More Income Tax on Educational Fees Under Section 236I

July 25, 2022

No More Income Tax on Educational Fees Under Section 236I Previously FBR charged Advance Income Tax @5% on educational / Tuition fees of students. Chargeable to students whose parents or guardians were inactive tax filer…

Businesses

Suzuki Cultus Car to Discontinue in Pakistan

June 28, 2022

Pak Suzuki Motor Company (PSMC) has decided to discontinue Cultus car. According to media reports, Cultus will be officially discontinued in the upcoming months. According to media Reports, the sales of Cultus car were affected…

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Extension in Date of Submission of Sales Tax Return

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Extension in Date of Submission of Sales Tax Return Federal Board of Revenue (FBR) extended last date to file sale tax return for the month of June 2022. Last date for payment and submission of…

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Minimum Wage in UK 2022 | Salary Increase

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What is the Minimum Wage in UK 2022? The minimum wage rate per hour in UK increased with effect from 1 April 2022: National Living Wage for over-23s: from £8.91 to £9.50 an hour 21-22…

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Latest Pay Scale Chart 2022-23 | Notification of Salary Increase 2022

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Latest Pay Scale Chart 2022-23 | Notification of Salary Increase 2022. Government of Pakistan Finance Division (Regulation Wing) issued Notification regarding revised basic Pay Scales 2022-23 and Allowances on 01-07-2022. Further, Federal Government has merged…

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What are Latest Tax Accountant Job Description in 2022

What are Latest Tax Accountant Job Description in 2022 Tax Accountant is very responsible job. He should be well equipped with tax laws of their country as well as accounting concepts. Tax Accountant is normally considered to be knowledgeable in the field of taxation of Salaried, Individual, Partnership Business and for corporate Sector. Tax Accountant…

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How to Check LESCO Bill Duplicate Online

How to Check LESCO Bill Duplicate Online LESCO Bill is issued by Lahore Electricity Supply Company against electricity consumed by LESCO connection holders on the monthly basis. LESCO is electricity supplier in Lahore region. LESCO provides facility to check online / view and even download in PDF to LESCO Bill Duplicate. Area covered by LESCO…

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How Can I Download my PTCL Tax Certificate?

How Can I Download my PTCL Tax Certificate? Every year Taxpayer needs his tax deduction certificate when he files his annual income tax return. Tax is deducted by telecommunication companies on provision of services. Tax is included in the amount of charges paid for services. Such tax is also named as ‘Advance Income Tax’, and…

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FBR extended income tax return filing date up to December 24

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Prize bond of Rs 25,000 discontinued with immediate effect

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Currency Rates in Pakistan

Pakistani Rupee Made Recovery against US Dollar

August 3, 2022

Pakistani Rupee Made Recovery against US Dollar Good news is here as after a huge devaluation of Pakistani Rupee in recent days against dollar now rupee appreciated more than Rs9 in the intraday trade and…

Gold Rates in Pakistan Today

Gold Rates in Pakistan Today | June 27 2022

June 27, 2022

Gold Rates in Pakistan Today | June 27 2022: The price of a single tola of 24-karat gold in Pakistan is Rs 142,600 on Monday. The price of 10 grams of 24k gold was recorded…

Currency Rates in Pakistan

Dollar Hits Double Century against Pakistani Rupee 2022

May 20, 2022

Dollar Hits Double Century against Pakistani Rupee 2022 The Pakistani rupee slumped to a new historic low against US dollar in the interbank market on Thursday as the greenback gained Rs1.61 in intraday trading to…

Gold Rates in Pakistan Today

Gold Rate and Price Today In Pakistan, 8th May 2022 | Live Gold Rate

May 8, 2022

Gold Rate and Price today in Pakistan on 8 May 2022 is being sold for Rs. 114,460 per 10 grams, and the price / rate of Gold is Rs. 133500 per tola in Pakistan today.…

Currency Rates in Pakistan

Rupee strengthens against dollar

November 6, 2021

On Wednesday the Rupee currency gained a fresh Rs0.57 to Rs169.97 to a dollar in the inter-bank market. The rupee has recovered Rs5.3 since hitting the record low of Rs175.27 against the greenback on October…

Currency Rates in Pakistan

Rupee Weakens Further Against Dollar

July 7, 2021

The Pak-rupee extended losses against the US-dollar on Wednesday, owing to the higher demand for import payments. According to media reports, the exchange rate closed at Rs158.92. Against the greenback, compared with the previous day’s…

WORLD TAXES

Minimum Wage in UK 2022 | Salary Increase

July 11, 2022

What is the Minimum Wage in UK 2022? The minimum wage rate per hour in UK increased with effect from 1 April 2022: National Living Wage for over-23s: from £8.91 to £9.50 an hour 21-22…

WORLD TAXES

Biggest Tax Evasion Cases in UK

June 24, 2022

We have given here a list of the UK’s biggest and top tax evasion cases here. DOMINIC CHAPPELL Dominic Chappell, a UK top businessman who bought a UK based retailer BHS from Philip Green for…

WORLD TAXES

FBR and PTA Introduced Temporary Registration of Mobile Phones

March 9, 2022

Federal Board of Revenue (FBR) and Pakistan Telecommunication Authority (PTA) have jointly introduced / launched a temporary registration of Mobile Phones to facilitate overseas Pakistanis. To address the repeated concerns raised by Overseas Pakistanis (including…

WORLD TAXES

UAE to introduce Corporate Tax on Business Profits from June 1, 2023

January 31, 2022

The United Arab Emirates (UAE) Government is going to introduce a federal corporate tax rate on profits of businesses. UAE is initiating this step first time from June 1, 2023. Finance Ministry of UAE announced…

WORLD TAXES

World’s 10 richest men doubled their wealth during Covid: Report Says

January 17, 2022

The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men’s wealth jumped from $700…

WORLD TAXES

US and Turkey agree to end digital services tax

November 24, 2021

The United States and Turkey have agreed to terms for withdrawal of Turkey’s digital services tax that largely targeted highly profitable U.S. technology giants and will transition to a new global taxation agreement in 2023,…

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Tax on Agricultural Income in Pakistan 2022 | Easy Latest Tax Calculator

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FBR Uploads Income Tax Return Forms for Tax Year 2022

July 2, 2022

FBR Uploads Income Tax Return Forms for Tax Year 2022 Federal Board of Revenue (FBR) has uploaded the Income Tax Return Forms for Tax Year 2022. Separate Income Tax Return Forms for Salaried, Association of…

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How to Verify FBR Active Taxpayer Status in Pakistan

April 13, 2022

Steps to Check Active Taxpayer Status Here we will explain that how a taxpayer can check tax filer status online and even download the updated active taxpayer list (ATL). Active Taxpayer status / Tax Filer status can be checked in the following…

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FBR Revises Property Valuation Rates of Immovable Properties in 40 Cities

March 4, 2022

The Federal Board of Revenue (FBR) has revised the property valuation rates of immovable properties. FBR has reduced the property rates in 40 cities from March 1, 2022, by bringing down the irrational high market…

TAXATION

FBR’s Revised Property Valuation 2022 Expected to Re-Notify on 1 March

March 1, 2022

The Federal Board of Revenue (FBR) previously through office memorandum had already decided in February 2022 to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021,…

TAXATION

Tax Year 2021 Active Taxpayers’ List to be Published on 1 March 2022

February 28, 2022

The Federal Board of Revenue (FBR) will publish the Active Taxpayers’ List (ATL) for the Tax Year 2021 on 1 March 2022 in accordance with the provisions of Rule 81B of the Income Tax Rules,…

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Suzuki Cultus Car to Discontinue in Pakistan

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E-Filing System Implemented in Government Departments

June 5, 2022

The National Information Technology Board (NITB), a department of the Ministry of Information Technology and Telecommunications. It has fully implemented an e-filing system in all ministries, ARY News reported on Sunday. The e-office system fully…

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How to Make Money on Amazon in Pakistan

May 11, 2022

In Pakistan now a days everyone wants to know How to earn money from Amazon in Pakistan? here we will explain you ways to earn money from Amazon in Pakistan. Making earning online is very popular topic…

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Elon Musk To Buy Twitter For $44 Billion

April 29, 2022

Elon Musk agreed a deal to buy Twitter for $44 billion on Monday in a transaction. That will shift control of the social media platform twitter to the world’s richest person. Discussions over the deal,…

Businesses

How to Earn Money Online In Pakistan Without Investment Free at Home

March 30, 2022

Online money making isn’t difficult at all. “How to make money online without investment in Pakistan?” is a common query on Google. They become in doubt when they see a lot of results and different…

Businesses

FBR Introduces Sales Tax Refund Mechanism for Pharmaceuticals Sector

March 11, 2022

The Federal Board of Revenue (FBR) on Monday introduced mechanism for payment of sales tax refund to pharmaceutical sector. In order to implement the mechanism the FBR issued SRO 383(I)/2022. The FBR amended Sales Tax Rules,…

FINANCE

E-Payment System Introduced for PPSC Online Job Applications

July 28, 2022

E-Payment System Introduced for PPSC Online Job Applications Punjab Public Service Commission (PPSC) spokesperson introduced that the e-payment system recently developed for online job applications for PPSC. This has been done with the help of…

FINANCE

How to Withdraw Payoneer Money from JazzCash

July 12, 2022

How to Withdraw Payoneer Money from JazzCash. We will learn here that how to withdraw Payoneer amount from JazzCash by reading below text. what you will learn here? 1st Topic: How to Link Payoneer Account…

FINANCE

1st July Bank Holiday in Pakistan

June 29, 2022

Is 1 July 2022 a Public Holiday? This is a holiday only for banks and bank employees. It is not a public holiday for the general population and businesses. Banks generally follow normal opening hours…

FINANCE

Biggest Bank Fraud Ever

June 23, 2022

Central Bureau of Investigation (CBI) in India has filed a bank fraud case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for…

FINANCE

State Bank of Pakistan Extends Banking Hours for Tax Collection | FBR Tax Recovery Target

May 28, 2022

In order to facilitate the recovery of Government receipts, duties, and taxes at May 2022 end. State Bank of Pakistan decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of…

FINANCE

State Banks Issues Advisory Against Illegal Trading Apps

May 20, 2022

State Banks Issues Advisory Against Illegal Trading Apps State Bank of Pakistan (SBP) has issued an advisory against offshore foreign exchange trading websites and apps and has cautioned people against buying products or services from…

MARKETS

Pakistan Auto Show 2022 a Popular Event

July 30, 2022

Pakistan Auto Show 2022 Pakistan Auto Show 2022 is scheduled to start from 29th till 31st of July, 2022. The venue of Pakistan Auto Show 2022 is at the Expo Centre Lahore. This initiative has…

MARKETS

Hyundai SUV Price Hike

July 22, 2022

Hyundai SUV Price Hike By joining the club of automakers who have already increased prices of it’s vehicles due to current inflation situation, Hyundai Nishat Motors Private Limited (HNMPL) has also increased price of its…

MARKETS

KIA Price Increase for Cars

July 20, 2022

Kia Announces Price Increase for Cars Lucky Motor Corporation Limited (LMCL) reputed for it’s stability in vehicle prices in the past two years. But, instability in the local currency and increase in import costs have…

MARKETS

OGRA Announces Increase in LPG Prices

July 2, 2022

OGRA Announces Increase in LPG Prices. The Oil and Gas Regulatory Authority (OGRA) on Friday increased the prices of liquified petroleum gas (LPG) for the month of July. The authority announced an increase of Rs.…

MARKETS

Cellular Mobile Companies Increased Rates of Call and Data Packages

June 28, 2022

Cellular mobile companies have once again increased the rates of call and data packages (Internet Packages) due to massive inflation in the country. Pakistan Telecom Mobile Limited (Ufone), Jazz and Telenor have all increased rates…

MARKETS

Mercedes-Benz Recalls One Million Older Cars Worldwide

June 5, 2022

German carmaker Mercedes-Benz recalls about one million older cars globally. Due to a problem with the braking system, the federal transport authority (KBA) explained. The federal transport authority (KBA) said in a statement dated June…

BUDGET

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Pension Increase Notification 2022 | Federal Budget 2022-23

July 5, 2022

Pension Increase Notification 2022 Federal Budget 2022-23. Recently, Government of Pakistan, Finance Division 2022, issued an Office Memorandum dated: July 1st 2022. Notification issued regarding Increase in Pension in Federal Budget 2022-23. Notification says, the…

BUDGET

Revised Pay Scales 2022-23 | Budget 2022-23 Pakistan Salary Increase

July 4, 2022

Revised Pay Scales 2022-23 and Budget 2022-23 Pakistan Salary Increase. Government of Pakistan Finance Division (Regulation Wing) issued Notification regarding revised basic Pay Scales 2022-23 and Allowances on 01-07-2022. Further, Federal Government has merged five…

BUDGET

National Assembly Passes Finance Bill 2022

June 29, 2022

National Assembly Passes Finance Bill 2022 The National Assembly on Wednesday approved Finance Bill 2022 with a majority vote. Budget prepared in accordance with the demands of the International Monetary Fund (IMF). Further, NA Speaker…

BUDGET

Pakistan Super Tax | Govt Charged 10% Super Tax on 13 Sectors

June 24, 2022

Here on Friday, PM Shehbaz Sharif announced to impose a 10% super tax on 13 large scale industries. While addressing the nation, the PM said that the government has taken these “tough decisions” regarding the…

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UPDATES

Surcharge Imposed for Clearance of Banned Consignments

July 26, 2022

UPDATES

Extension in Date of Submission of Sales Tax Return

July 15, 2022

Extension in Date of Submission of Sales Tax Return Federal Board of Revenue (FBR) extended last date to file sale tax return for the month of June 2022. Last date for payment and submission of…

UPDATES

Tax Offices, State Bank and National Bank Timings on 30 and 29 June

June 30, 2022

Tax Offices, State Bank and National Bank Timings on 30 and 29 June: Pakistan tax offices have been directed to follow extended office hours on the last two days of the current financial year i.e.…

UPDATES

Draft Income Tax Returns Forms for Salaried, AOPs, and Companies Tax Year 2022

June 28, 2022

The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for…

UPDATES

Govt Bans Import of Non-Essential Luxury Items

May 20, 2022

Information Minister Marriyum Aurangzeb announced on Thursday that the government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”. She made the announcement while addressing a press…

UPDATES

Govt urged to withdraw 17% Sales Tax on agriculture seeds

May 8, 2022

Pakistan Hi-Tech Hybrid Seed Association Sunday demanded of the government immediate withdrawal of 17% Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor people. According to him, agriculture…

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Today Iris FBR is going to update it’s System

August 6, 2022

Today Iris FBR is going to update it’s System Federal Board of Revenue is a premier organization for management of tax system in Pakistan. FBR has some portals for this purpose like, www.e.fbr.gov.pk , FBR…

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How Much Income Tax on Salary in Pakistan 2022-23

August 4, 2022

How Much Income Tax on Salary in Pakistan 2022-23 Here we are going to discuss everything you should know about the calculation of tax on your salary income according to the latest Salary tax slabs 2022-23 rates in…

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Latest Revised Pay Scale Chart 2022-23 Salary Increase 2022 | Good News

August 2, 2022

Latest Revised Pay Scale Chart 2022-23 Salary Increase 2022 Government of Pakistan Finance Division (Regulation Wing) issued Notification regarding revised basic Pay Scales 2022-23 and Allowances on 01-07-2022. Further, Federal Government has merged five adhoc…

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