Daily Archives: May 19, 2017

Income tax return filers increase by 16pc

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ISLAMABAD: The number of income tax return filers has increased to 1.15 million as per the updated Active Taxpayers List (ATL) as compared with 0.993 million in the previous ATL a year ago, posting a growth of 16 percent.

Audit selection criteria confidential: FBR

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ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that the criteria for selecting audit cases is confidential and protected from disclosure under tax laws.

SBP issues updated Foreign Exchange Manual – 2017

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KARACHI: State Bank of Pakistan (SBP) on Friday issued updated Foreign Exchange Manual – 2017 in order to facilitate the stakeholders including banks, exporters, importers, travel agents, carriers, etc.

SBP enhances bank spread on long-term SME refinancing

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KARACHI: State Bank of Pakistan (SBP) has allowed banks to charge 4 percent as spread from current three percent on long term financing extended to small and medium enterprises.

FBR grants zero-percent sales tax to 150 ton dates donated by Saudi Arabia

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero-percent sales tax on import of 150 tons of dates gifted by Kingdom of Saudi Arabia to the Pakistan government.