Daily Archives: April 2, 2018

FBR requires to collect Rs1,392 billion during last quarter to achieve fiscal year target

ISLAMABAD: Federal Board of Revenue (FBR) is required to collect around Rs1,392 billion during the last quarter to achieve the fiscal year target of Rs4,013 billion.

Headline inflation grows by 3.2 percent in March 2018

ISLAMABAD: The headline inflation i.e. Consumer Price Index (CPI) has been increased by 3.2 percent on Year on Year (YoY) basis in March 2018 as compared to an increase of 3.8 percent in the previous month, Pakistan Bureau of Statistics (PBS) said on Monday.

Islamabad Chamber suggests fixed tax for small traders

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to introduce fixed tax regime for small traders for expanding tax net and enhancing revenue collection.

Equity market recommends tax exemption to inter-corporate dividends

KARACHI: The equity market has recommended tax exemption to inter-corporate dividend to strengthen overall corporate structure in Pakistan and also helping holding companies to diversify and economically grow.

Tax exemption sought on RIET Schemes up to 2025

KARACHI: Pakistan Stock Exchange (PSX) has sought tax exemption to REIT schemes in order to encourage documentation of real estate activities.

PSX demands 75pc reduction in advance tax rate on broker commission

KARACHI: Pakistan Stock Exchange (PSX) has recommended 75 percent reduction in advance tax on broker commission income. It further suggested that the advance tax so collected should be adjustable instead of final tax.

Foreign investors should be allowed advance CGT exemption

KARACHI: Pakistan Stock Exchange (PSX) has demanded exemption of advance capital gain tax (CGT) on disposal of securities irrespective of holding periods in order to attract foreign investment in the equity market.

PSX proposes CGT exemption on over three-year security holding

KARACHI: Pakistan Stock Exchange (PSX) has recommended four different holding periods of securities for calculating capital gain tax (CGT). It suggested where holding period of a security is more than 36 months the CGT should be zero percent.