Business
MG Pakistan going to launch a budget car in Pakistan
Javed Afridi told Khaleej Times, a UAE-based media outlet in an interview. That MG Pakistan is planning to bring a budget car for the middle class of Pakistan. MG3 is a hatchback,…
All news Page 52
Budget
Shaukat Tarin seeks time to present budget for Fiscal Year 2021-2022
According to media reports, the speaker’s chamber had contacted Shaukat Tarin and consulted about summoning the budget session. Shaukat Tarin, however, told the speaker office that he has just taken charge of…
Finance
Lahore High Court dismisses plea against ban on Rs 7,500 prize bond
The court decided that the ban imposed as per government policy and court can not interfere in their policy matters. Justice Jawad Hassan reserved the verdict on maintainability of the petition filed…
Updates
Karachi Tax Bar Demands further date extension for sales tax payment & return filing
Karachi tax bar Association asked the FBR to extend the last date of payment of sales tax and date of filing of the monthly sales tax return for the period April 2021…
Finance
Rs. 100 Prize Bond Draw Result & List Dated 17 May 2021
Balloting for Lucky Draw No. 34 of Rs. 100 prize bond held in Multan city on 17th May 2021. State bank do the balloting for the 100 Rs. Prize bonds. 1st prize…
Markets
Bitcoin fell to a three-month low on Monday
Bitcoin fell to a three-month low on Monday that saw investors selling and buying the digital currency. This happened after Tesla boss Elon Musk tweeted about the carmaker’s bitcoin holdings. Bitcoin fell…
Finance
RS. 1500 Prize Bond Result, 17 May 2021 Announced
The balloting of prize bonds worth Rs.1500/- each held in Karachi on May 17th. The Draw number is 86. The winner of the prize bond announced, prize bond number 602642 won the…
Business
Saudi Arabia New Vaccine Decision Raised Problems for Pakistan Travel Industry
In a new development, Saudi Arabia has set a travel permit requirement for foreign travelers with the COVID-19 vaccine. However, the new condition has made it difficult for Pakistanis to plan to…
Blog
CPEC Related Gwader Projects
The Construction of Eastbay Expressway is the main project of Gwadar Port through which the entire traffic of gwadar port will flow. The purpose of Eastbay Expressway is to provide primary connectivity…
Business
Amazon in Pakistan
Prime Minister Imran Khan announced this development on Thursday, and said it will open new opportunities for young men and women and new startups. "A great development as Amazon has finally approved…
Taxation
FBR Reduces Sales Tax Rate on Petroleum Products
The FBR amended S.R.O. 57(I)/2016 (sales tax on petroleum products) through issuance of a notification S.R.O. 557 (I)/2021 issued on Monday. According to the notification issued, the standard rate of 17 percent…
Blog
Step by Step Guide for Registration as Builder & Developer
Please go to https://iris.fbr.gov.pk/public/txplogin.xhtml and Click “Registration for Unregistered Person”. 1- Please use your Iris login and password to enter in Iris application. 2- After logging in, on left upper corner of…
Updates
Chairman FBR Inaugurates Anti-Benami Adjudicating Authority Secretariat
On this occasion, Chairman Anti-Benami Adjudicating Authority Muhammad Ali, Member FATE and Director General Anti-Benami Initiatives Syed Nadeem Hussain Rizvi, Member Administration Bakhtiar Muhammad and other members and officers were present. Chairman…
Taxation
Withdrawal of customs duty on import of cotton yarn S.R.O533(I)/2021
Federal Board of Revenue (FBR) vide S.R.O. No. 533(I)/2021 dated: 5th May, 2021. In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), the Federal…
Updates
Customs field formations to remain open on 8th, 10th & 11th May
In order to facilitate exports and other trade activities, Federal Board of Revenue’s Customs Wing has issued instructions to all Customs field formations to work as normal working days on 8th, 10th…
Markets
Revised Profit Rates on National Savings Schemes effective from 7th May 2021
According to a notification issued by the finance ministry, the new profit rates that will effective from the 7th of May. The revised profit rates on Regular Income Certificates reduced to 9.24…
Finance
Schedule of Prize Bonds Draw from January 2021 to December 2021
Prize Bond Schedule 2021– Prize bonds a type of government bonds issued where some randomly prize bonds selected within the issue then afterwards redeemed / encashed at a higher value than the…
Taxation
FBR extends date for filing sales tax & Federal excise return for April 2021
The date of payment of Sales tax and FED monthly return, due on 15th May 2021, hereby extended up to 18th May 2021. Further, The date of submission of Sales Tax and…
Finance
Withdrawal Of 15,000 & 7,500 Denomination National Prize Bonds From Circulation
Finance Division (Budget Wing), Government of Pakistan issued Notifications No. F.16(1)BS /2021-750 and F.16(1)BS /2021-751 dated April 28, 2021, regarding conversion / redemption / encashment of Rs. 15,000/- and Rs. 7,500/- denomination…
Markets
State Bank of Pakistan to not issue new Currency Notes on Eid ul Fitr due to COVID-19
“Like last year, we will not be issuing new currency notes on Eid ul Fitr due to the spread of the coronavirus pandemic,” said in a statement by State Bank of Pakistan.…