FBR Wins First Ever Court Conviction under Anti Money Laundering Act
FBR has succeeded in winning the first ever case of conviction for the offence of money laundering…
Fuel prices unchanged despite drop in prices in International Market
The government has decided to keep fuel prices unchanged effective from December 1, 2021. Oil prices…
Approved funds explained by Income Tax Ordinance, 2001
Income Tax Ordinance (ITO), 2001 has defined various approved funds for the chargeability of income…
Customs Court frames charge against suspect in bogus sales tax refund case
The Customs Court framed charged against Muhammad Jawaid of M/s Friends Enterprises and summons to…
Naya Pakistan Certificates | How to Invest in Naya Pakistan Certificates?
About Naya Pakistan CertificatesNaya Pakistan Certificates (NPCs) are USD, PKR, Euro and British…
Four banks submit bids for Kamyab Pakistan Programme
Four commercial banks – two of them owned by the government of Pakistan – have submitted their…
IMF demands closure of Bank Accounts of public sector entities
The International Monetary Fund (IMF) has placed a condition on Pakistan to close all the bank…
SHC abolished federal duty on Phone calls
The Sindh High Court has abolished the federal excise duty of 75 paisas on every phone call of over…
Penalty for Non Filing of Annual Income Tax Returns 2021
A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of…
No of tax filers for tax year 2021 at deadline
Against 7.2 million taxpayers registered with the Federal Board of Revenue (FBR), just 2.5 million…
