FBR updates, income tax, budgets and markets for Pakistan
17 articles
Federal Board of Revenue (FBR) has taken initiative to pay income tax, sales tax, customs duty and excise duty online through internet banking, mobile banking and ATM. It is 24/7 facility provided…
Federal Board of Revenue (FBR) has facilitated to taxpayers to pay duty and taxes through alternate delivery channels (ADC). The taxpayers had facility to make payment of following types of taxes through…
Banks / MFBs are further advised to observe the following minimum business (banking) hours for public dealing. However, except Friday, banks / MFBs may observe extended business (banking) hours as per the…
According to a statement issued by the Poverty Alleviation and Social Division Wednesday, minimum Nisab of Zakat deduction in 2022 has been explained. As per notification, Zakat will be deducted from saving…
Hackers have stolen more than Rs. 5.8 million cash from an ATM of a branch of the National Bank of Pakistan (NBP) located in Pindi Bhattian, a city of Punjab’s Hafizabad district.…
The State Bank of Pakistan (SBP) has launched a module pertaining to the banking policy and regulations to enhance efficiency and promote Green Banking practices. In a statement, the central bank said:…
The State Bank of Pakistan (SBP) is all set to introduce full-fledged digital banking in a month to allow people performing financial transactions without physically visiting banks and to accelerate the financial…
The State Bank of Pakistan (SBP) has decided to impose 100% Cash Margin Requirement (CMR) on the import of 114 items, taking the total number of items subject to Cash Margin to…
Karachi Tax Bar Association (KTBA) urges the Federal Board of Revenue (FBR) to issue fresh directions to banks for not collecting withhold tax under section 154A of the Income Tax Ordinance from…
Auto financing by banks hit an all-time high of Rs297.5 billion in Pakistan. As consumers’ hunger for owning a vehicle increased apparently due to availability of the financing. Auto financing in Pakistan…
According to the details, the SBP had instructed banks and other service providers in March 2020 to ensure that all its customers, regardless of the volume of transactions, are not affected by…
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…
“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.…
Earlier, cardholders needed to activate them through phone banking or ATM. In addition, merchants at Point of Sale (POS) will not be required to enter PIN codes to pay up to Rs…
To this end, a joint meeting has been convened by the State Bank of Pakistan through video link at the request of the Karachi Customs Agents Association. (KCAA). Attended by more than…
The Federal Board of Revenue (FBR) and the Pakistan Banks Association (PBA) have finally reached an agreement on the implementation of Sections 165 and 165A of the Income Tax Ordinance 2001. The…
Modi's on Tuesday confirmed the rating of five Pakistani banks. 'B3 long-term local currency and Caa1 foreign-currency deposit ratings. Pakistani Banks include Allied Bank Limited (ABL). Habib Bank Limited (HBL). MCB Bank…