Daily Archives: October 17, 2017

PTBA demands tax relief for senior citizens on Bahbood Certificates, Pensioners Benefit Account

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KARACHI: Pakistan Tax Bar Association (PTBA) has demanded the Federal Board of Revenue (FBR) of bringing Bahbood Certificate/Pensioners Benefit Account under normal tax regime for providing tax relief to senior citizens.

FBR issues list of 731 items to impose regulatory duty

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KARACHI: Federal Board of Revenue (FBR) has issued a list of 731 items to impose regulatory duty on import of such goods. The FBR issued SRO 1035(I)/2017 on Tuesday to implement the regulatory duty.

Mobile banking transactions increase by 25.7pc

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KARACHI: The mobile banking based transactions have witnessed growth of 25.7 percent to Rs141.4 billion during fiscal year 2016/2017 as compared with Rs112.5 billion in the preceding fiscal year.

Internet banking volume grows by 32.62pc in FY17

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KARACHI: The volume of transactions through Internet banking have registered growth of 32.62 percent to 25.2 million in fiscal year 2016/2017 as compared with 19 million in the preceding fiscal year, State Bank of Pakistan (SBP) said in its annual report on payment system for fiscal year 2016/2017 released on Monday.

FBR notifies transfers, postings of 42 IRS officers

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ISLAMABAD: Federal Board of Revenue (FBR) on Monday announced transfers and postings of 42 Inland Revenue Officers (IRS) of BS-17-20 with immediate effect under further orders.