Daily Archives: September 18, 2017

FBR issues draft return for companies

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued draft income tax return for companies to be filed for tax year 2017.

Pakistan, UK agree to boost tax reforms

ISLAMABAD: Pakistan and United Kingdom (UK) on Monday agreed to work together and share information and experiences to boost tax reforms and promote economic development in Pakistan.

Chinese bank granted approval to start operation

KARACHI: State Bank of Pakistan (SBP) on Monday allowed commencement of banking business to the Bank of China Limited. Earlier, SBP had issued a banking license to the bank in the month of May 2017.

Consumed raw material limit enhanced to 125pc for availing income tax exemption

ISLAMABAD: Federal Board of Revenue (FBR) has said that manufacturers will need to enhance consumption of imported raw material to 125 percent from 110 percent from last year in order to avail income tax exemption on imports.