Daily Archives: May 19, 2017
Income tax return filers increase by 16pc
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
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
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
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
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.
