KARACHI: The Pakistan Customs has said that the uncertain political situation in Afghanistan may hamper border trade and adversely impact the collection of duty and taxes. The Peshawar Customs Collectorate, an arm of the Pakistan Customs, in a report presented an outlook for the ongoing fiscal year 2021/22 and said that the revenue collection at … Read more
LAHORE: Federal Tax Ombudsman Mushtaq Ahmad Sukhera has urged the business community to utilise the services of his office for resolving their tax-related issues without fee and tax consultant/lawyer. Speaking at the Lahore Chamber of Commerce and Industry, Sukhera said that according to the law, the Federal Tax Ombudsman is bound to take decisions in … Read more
LAHORE: The National Accountability Bureau (NAB) has directed Federal Investigation Agency (FIA) to immediately stop their probe into Broadsheet case which also names officials from the bureau amongst the accused for causing a loss of billions of rupees to the national exchequer, Bol News has learnt. Sources have confirmed that NAB has written a letter … Read more
The first of the two-match Test series ended with West Indies’ winning after a nail-biting finish on the fourth day at Sabina Park on Sunday. The nerve-wracking penultimate day witnessed some remarkable performances from both teams. Following are the five key points from the first Test of the series. The emergence of Jayden Seales Jayden … Read more
As the Taliban took control of Afghanistan, UN Secretary-General Antonio Guterres has urged the group and all other parties “to exercise utmost restraint to protect lives and ensure that humanitarian can be addressed.” A statement issued to the UN press corps said that Guterres is following with deep concern the rapid turn of the events … Read more
KARACHI: The Federal Board of Revenue (FBR) has increased the minimum price of white crystalline sugar to Rs72.22/kg for the purpose of collecting sales tax. In a notification issued on Monday, the revenue board notified the minimum rate of sugar, which has been increased to Rs72.22/kg from Rs60/kg. The FBR issued the notification; following the suspension … Read more
KARACHI: Sindh High Court on Monday provided an attorney to Saad Aziz alias Tin Tin to plead his appeal against 20 years sentence he was awarded by an Anti-Terrorism Court for making an attempt on the life of American educationist Debra Lobo. Aziz was also awarded death sentence by a military court in the Safoora … Read more
KARACHI: The tax authorities, to the surprise of the customers, has made it mandatory to pay Re1 on each invoice obtained against the purchase through the Point of Sale (POS) machines installed by the Tier-1 retailers. Obtaining a POS invoice and getting verified is necessary for a customer to qualify a prize scheme announced by … Read more
KARACHI: The Sindh Revenue Board (SRB) has extended the last date for the payment and sales tax returns filing for July 2021. In a circular issued on Monday, the board said the taxpayers can make payment of sales tax on services for the period of July 2021 up to August 24, 2021. Further, the taxpayers … Read more
KARACHI: Kohinoor Textile Mills Limited (KTML) has announced a net profit of Rs11.05 billion, translating into the earnings per share (EPS) of Rs28.26 for the year ended June 30, 2021, compared with the loss of Rs2.59 billion and the loss per share (LPS) of Rs3.32, a bourse filing said on Monday. Kohinoor Textile also declared … Read more
ISLAMABAD: The government has executed five petroleum concession agreements and exploration licences with the Oil and Gas Development Company Limited. Hammad Azhar, Minister for Energy (Petroleum Division) graced the signing ceremony. These exploration licences and petroleum concession agreements were signed by Dr Arshad Mahmood, secretary of the Petroleum Division, Abdul Jabbar Memon, director general of … Read more
KARACHI: One-way air fare to the UAE from Karachi has surged to Rs90,000, which was around Rs35,000 in February 2021, before the restrictions were imposed. The air travel between the two countries recently resumed; following the implementation of rapid PCR test facilities at airports. “[The] airlines, including Pakistan International Airlines (PIA) have jacked up the … Read more
KARACHI: The Sindh Revenue Board (SRB) has notified Mutual Funds Association of Pakistan (Mufap) that Sindh Workers Welfare Fund (SWWF) at the rate of 2 per cent is not applicable to mutual and pension funds. The net asset values (NAVs) of such funds have got a boost, as the asset management companies have notified the … Read more
West Indies won the thrilling first test against Pakistan by one wicket at Sabina Park, Kingston. Test team skipper Babar Azam said that due to the dropped catches in the last session national test team lost the match. This test match marked the 15th one-wicket win for West Indies in the history of test cricket. … Read more
LAHORE: With the beginning of Muharram, marking the start of the Islamic lunar year, Chiniot experiences a complete change in its mood. Though only 28 per cent Shiites constitute the total population of the district, quantitative figures fail to do justice to the reverence that presides in the area. The district includes the oldest and … Read more
ISLAMABAD: Foreign Office Spokesman Zahid Hafeez Chaudhry said that the International community should play a collective role in settling the Afghanistan crisis. Pakistan is actively analyzing developments in Afghanistan, according to the spokesman, and all Afghan officials must work together to pave the road for long-term peace and stability in the country. “Pakistan has stressed … Read more
A meeting of National Security Committee (NSC) chaired by Prime Minister Imran Khan will be held in Islamabad on Monday to discuss the latest situation in Afghanistan. In a statement, Foreign Minister Shah Mahmood Qureshi said Pakistan will present its stance on the current situation following consultations in the meeting. He said an important meeting … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has felicitated State Bank of Pakistan Governor Reza Baqir on the intended launch of the SME Aasan Business Loan Scheme in the afternoon, a statement said on Monday. Unisame president Zulfikar Thaver said that it is reported that Insha Allah the central bank will launch the … Read more
