Updates
FBR issues list of Tier-1 non-integrated retailers
Federal Board of Revenue (FBR) on Friday issued a list of 608 Tier-1 retailers, who are not integrated with the online system for sharing sales. The FBR issued Sales Tax General Order…
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Finance
New Deadline for implementation of Biometric Verification System for Exchange Companies
The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to ensure the implementation of the Biometric Verification System (BVS). A circular issued by…
Currency Rates in Pakistan
Rupee strengthens against dollar
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…
Government Jobs in Pakistan
Excise and Taxation Department Jobs 2021 / Vacancies / Last Date to Apply
Excise and Taxation Jobs 2021 have been announced for the recruitment of multiple job positions including Data Entry Operator, Assistant, Store Keeper, UDC, LDC and many other vacancies. Great opportunity for job…
Petrol Price
Prices of petroleum products increased again
The government late night decision on Thursday again increased the prices of petroleum products in a non-routine revision on the 5th of the month. The new petrol price has been notified at…
Blog
Xiaomi Poco M3 Import TAX in Pakistan
Xiaomi Poco M3 is a device launched in Pakistan. The official price of Poco M3 in Pakistan is 25999 Rupees. The Xiaomi Poco M3 price in the country is more then $130/-…
Finance
Naya Pakistan Certificates | How to Invest in Naya Pakistan Certificates?
Naya Pakistan Certificates (NPCs) are USD, PKR, Euro and British Pound-denominated sovereign instruments issued by the Government of Pakistan. NPCs offer attractive risk-adjusted returns over different maturities. They are available in both…
Taxation
Sales Tax on Toll Manufacturing Who will collect? FBR or SRB?
Sindh Revenue Board (SRB) has categorically conveyed to the Federal Board of Revenue (FBR) that it would continue to collect sales tax on Toll Manufacturing, despite National Tax Council’s (NTC) decision allowing…
Updates
Single Sales Tax Portal a Step Away
Prime Minister Imran Khan is likely to launch the Federal Board of Revenue’s new single sales tax portal for filing of single sales tax returns by all federal and provincial sales taxpayers…
Business
Excise & Taxation department warned defaulters to pay property and professional taxes
Excise & Taxation department has warned defaulters of property and professional taxes to deposit their due taxes immediately to avoid any strict action. This warning was given by the provincial excise minister…
Finance
State Bank Confirms no financial loss due to cyber attack on NBP Bank
The National Bank of Pakistan (NBP) reported a cyber-attack that is being investigated, confirmed the State Bank of Pakistan (SBP) on Saturday, adding that the situation is being monitored closely. "NBP has…
Petrol Price
PM rejected OGRA proposals to increase prices of petroleum products
Prime Minister Imran Khan has rejected the Oil and Gas Regulatory Authority (OGRA) proposals to increase prices of petroleum products with effect from November 1st. According to 'Business Recorder', The Prime Minister’s…
Updates
Deadline for Digital Mode of Payments Proposed to further extend
Federal Board of Revenue (FBR) is examining a proposal to further extend time period beyond November 1, 2021 for the corporate sector to shift over to the digital mode of payments. FBR…
Budget
Tax Collections Increased by 37%
The Federal Board of Revenue (FBR) collected Rs1.84 trillion in just four months, an increase of 37% or close to Rs500 billion over last year. It exceeded the July-October target by Rs228…
Markets
Oil Prices reaches to New Highs in International Markets
Oil prices edged up to fresh multi-year highs on Tuesday, supported by a global supply shortage and strong demand in the United States, the world’s biggest consumer. Brent futures rose $0.42, or…
Finance
Four banks submit bids for Kamyab Pakistan Programme
Four commercial banks – two of them owned by the government of Pakistan – have submitted their bids to give a maximum of Rs30 billion in loans under the Kamyab Pakistan Programme…
Updates
ePay Punjab completes Half century of 50 Billion plus Revenue collections
Through the online payment solution e-Pay Punjab, the Punjab Finance Department has collected Rs 50 billion as tax revenue against over 10 million transactions to date. This was informed during a progress…
Finance
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 accounts maintained by public sector entities and the defence ministry in commercial banks. The money should…
Finance
Mera Pakistan Mera Ghar Housing Loan Scheme
Keeping in view need to improve availability of adequate housing in the country and important role of construction sector in boosting economic activities in other countries, Government of Pakistan envisions to increase…
Markets
NADRA biometric system for Dollar buyers is live now
The National Database and Registration Authority has activated the mandatory biometric verification of dollar buyers. It has deployed this filter immediately despite a request by the exchange companies for an extension of…