FBR notifies enhanced FED on cigarettes, cement

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified federal excise duty on cigarettes enhanced through Finance Act, 2018.

FBR clarifies out of court settlement through fake notification

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday clarified that it has not issued any notification regarding out of court settlement of outstanding amount.

Pakistan, China extend currency swap agreement for three years

KARACHI: Pakistan and China have agreed to extend currency swap agreement for a period of three years in respective local currencies, said State Bank of Pakistan (SBP) on Thursday.

Advance booking of cars to be cancelled for non-filers

KARACHI: Car assemblers have warned general public that their advance booking may be cancelled in case they are not filer of income tax returns at the time of delivery i.e. after July 01, 2018.

FBR withdraws zero-rate facility from textile unit

KARACHI: Federal Board of Revenue (FBR) has withdrawn zero-rated facility allowed on supply of gas to a Karachi-based textile unit.

Rupee depreciation causes 38.43 percent decline in car import

KARACHI: The rupee depreciation has reduced the import of cars by 38.43 percent during April 2018 as compared with same month of the last year.

Raw material importers express disappointment over abolishing FTR

KARACHI: The importers of raw materials have expressed disappointment over abolishing final tax regime (FTR) and termed the imposition of minimum tax at six percent as injustice to them.

SRB revokes suspension of sales tax registration of Wateen Telecom

KARACHI: Sindh Revenue Board (SRB) has revoked the suspension of sales tax registration of M/s Wateen Telecom on payment of outstanding amount.

SBP to announce monetary policy on May 25

KARACHI: State Bank of Pakistan (SBP) will announce monetary policy for next two months on May 25, said a statement on Tuesday.

Exchange companies directed to retain identification of $500 and above transactions

KARACHI: In anti-money laundering efforts, State Bank of Pakistan (SBP) on Tuesday made it mandatory for exchange companies to retain identification on buy and sell transactions of $500 and above.