Primary auction for GDS will also be held on PSX
KARACHI: In a significant milestone for Pakistan’s financial markets, the primary market auction of Government Debt Securities (GDS) will now take place at the Pakistan Stock Exchange (PSX). For the…
Government official expresses support for a policy aimed at raising tobacco taxes
ISLAMABAD: Minister of Information, Broadcasting, and Parliamentary Affairs, Murtaza Solangi, champions the approach of implementing tax hikes to deter and decrease tobacco usage in the nation. In a significant address…
FTO Directs Customs to Revise Ice Cream Import Valuation Ruling
ISLAMABAD: In a recent development, the Federal Tax Ombudsman (FTO) has instructed the Directorate General of Customs Valuation Karachi to reevaluate and issue a fresh valuation ruling concerning the import…
FBR Urges Integrated Suppliers to Report All Store Locations through Digital System
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a compulsory requirement for integrated suppliers, mandating the declaration of all their outlets through the computerized system. Additionally, each point of…
An Unstoppable Momentum: KSE-100 Surges Past 66k Mark, Records Remarkable Gain of Over 1,400 Points
The Pakistan Stock Exchange (PSX) maintained its impressive performance, achieving yet another milestone as the KSE-100 index soared to a historic high of 66,000 during Friday’s trading session. By noon,…
Cigarettes now constitute 40% of the FED collection, marking a notable uptick.
ISLAMABAD: The Federal Board of Revenue’s (FBR) latest Yearbook (2022-23) data confirmed that share of cigarettes in overall Federal Excise Duty (FED) collection has jumped to 40 percent in 2022-23…
FBR to integrate real time data of 145 entities
Islamabad: In a strategic move, the Federal Board of Revenue (FBR) has unveiled plans to streamline and consolidate financial data and economic transactions across 145 organizations. This comprehensive integration encompasses…
FBR notifies list of entities to be integrated with its ‘RADAR’
ISLAMABAD: In a significant development, integrated remittance gateways authorized by the State Bank of Pakistan (SBP) have been designated as key financial entities, granting them the authority to offer instantaneous…