FBR updates, income tax, budgets and markets for Pakistan
According to the details, the federal government has decided to scrap 15,000 and 7,500 Prize bonds. Investors have time till June 2021 to cash 15,000 prize bonds. Fifteen thousand prize bonds will…
Here, Tax deadlines for 2021, Income Tax Due dates or Tax Calendar is given for Individuals, Association of Persons (AOPs) and Company (Corporate Sector) of Pakistan and for World Corporate Income Tax…
In a press release, Federal Board of Revenue (FBR) denied any link / relation with these emails. Sent from a fake email address, alert@fbr.news. These fake emails informs to the targeted taxpayers…
Pakistan Customs Wing of Federal Board of Revenue introduced a new automated process in WeBOC system for scanning of containerized import consignments for their instant clearance at ports. This new system by…
The online tax course offered by Global Tax Consultants comprises of theoretical, practical and numerical concepts of Tax Laws prevailing in Pakistan. In this online tax course opportunity available to learn the…
As per Establishment Division’s Notification No. 34/1/2018-E-1 dated 09.04.2021, Mr. Asim Ahmad, has left the charge of the post of Member (IT), Federal Board of Revenue (HQ), Islamabad on April 9 and…
A notification issued by the Administrator-General Zakat about zakat Nisab. Where the Nisab on bank accounts decided to a minimum of Rs 80,933 balance. It applies to Bank accounts like savings bank…
Freeze Bank accounts include total of 36 accounts at nine different banks. Out of the frozen bank accounts, Jahangir Khan owns 14, his son 21 and his wife one bank account. Bank…
According to a country based report on Pakistan released by the International Monetary Fund (IMF) on Thursday. Pakistani authorities have issued a letter of intent (LOI) to re-institute the track and trace…
With the objective of constructing 50,000 housing units, an effort can be seen in the form of ‘LDA City Naya Pakistan Apartments’. Under this project, the government has approved the construction of…
The memorandum of understanding (MoU) was signed by the Chairman FBR on behalf of FBR. The heads of all provincial revenue authorities signed the MoU on behalf of their respective revenue authorities.…
Following are the clauses that have been deleted through Tax Laws (Second Amendment) Ordinance, 2021: Clause( 57(1)(iii)): Any income from voluntary contributions, house property and investment in securities of the Federal Government…
The State Bank highlighted that the State Bank aimed to make Islamic Banking one-third of the overall banking industry share by 2025. “For more penetration in the market and minimising services delivery…
The main purpose of these revisions is to promote ease of doing business. To ease the current instructions, minimizing the redundancies and delegating more powers to the Authorized Dealers to facilitate the…
HBL has teamed up with Hysab Kytab to launch the first comprehensive Personal Finance Manager (PFM) solution offered by any bank in Pakistan for the first time. Hysab Kytab's PFM (Budgeting) tool…
State bank does the balloting for the 15000 Rs. Prize bonds. 1st prize of the 15000 Rs. prize bond of value 30,000,000 PKR awarded to 1 lucky winner, while second prize of…
The rupee strengthened on the back of excessive inflows of foreign exchange from international sources compared to limited emissions during epidemics. Taking to his Twitter handle, Tangent Capital Advisers CEO Muzammil Aslam…
Securities and Exchange Commission of Pakistan (SECP) allows to business startups to increase capital. The decision was taken for the support of businesses especially startups and small business units. The Securities and…
The tax machinery this week mentioned that the “judicial allowance and special judicial allowance are exempt from tax. This exemption is available not only in cases of superior judiciary but also in…
Currently, there are more than 270 commercial and industrial units operating in KPZ. However, they have to travel 15 km to pay taxes and duties as the nearest tax collection booth is…