Foreign direct investment registers 56.3pc growth in first quarter

State_Bank_of_Pakistan_logo.svg_

KARACHI: Foreign Direct Investment (FDI) has surged by 56.3 percent during the first quarter of current fiscal year owing to inflows from China under CPEC related project.

Rate of regulatory duty on import of vehicles under SRO 1035

pak_customs1

ISLAMABAD: Federal Board of Revenue (FBR) has imposed regulatory duty up to 80 percent on import of vehicles under SRO 1035(I)/2017 issued on Tuesday.

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

fbr

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

fbr

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

State_Bank_of_Pakistan_logo.svg_

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

State_Bank_of_Pakistan_logo.svg_

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

fbr

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.

Auction for goods/vehicles to be held on October 17 at Faisalabad

fbr

KARACHI: Auction for goods and vehicles to be held on October 17, 2017 at SWH, Intelligence & Investigation-Federal Board of Revenue (FBR), Faisalabad, notification issued on Monday.

SBP recommends installation of water metering devices for equitable charges

State_Bank_of_Pakistan_logo.svg_

KARACHI: State Bank of Pakistan (SBP) has suggested installation of metering devices for regulating charges applied on water supply and making equitable system for household usage.

Income tax returns filing grows by 117.2 percent; FBR receives 352,000 returns for tax year 2017

fbr

ISLAMABAD: Federal Board of Revenue (FBR) has said that the income tax return filing for tax year 2017 has registered 117.2 percent growth to 352,000 returns by October 13, 2017 as compared with 162,000 returns filed on the same day of the last year.