The Karachi Tax Bar Association (KTBA) wrote a letter to Asim Ahmed, chairman of the Federal Board of Revenue (FBR) in which it mentioned that banks are illegally deducting withholding tax on exports of software and IT-based services. It mentioned that banks misunderstood Section 154A of the Income Tax Ordinance, 2001as under section 65 of this ordinance 100 percent tax credit is allowed.
Islamabad: The Economic Coordination Committee (ECC) has greenlighted the import of 160,000 metric tons of fertilizers. The stocks of urea... read more
On Thursday, the value of the rupee increased up to 80 Paisa against the Dollar as compared to 170.7 rupees... read more
As Moscow continues to press international corporations to create offices in Russia and retain Russians' personal data on its soil,... read more
The United States (US) and Japan on Tuesday announced a trade deal on electric vehicle battery minerals that is key... read more
The finance ministry revealed on Thursday that the National Accountability Bureau had only recovered and deposited Rs6.5 billion in the... read more
On March 16, it emerged that Poland wanted to buy several MQ-9 Reaper drones from the U.S. under a special... read more
Beijing: President Xi Jinping delivered a keynote speech on Thursday via a video at the inaugural ceremony of the... read more
Short-term inflation measured by the Sensitive Price Index (SPI) reached 30.6pc in the week ending on January 5. It is... read more
Karachi: The Pakistan Stock Exchange (PSX) soared during Wednesday's intraday trade. Its benchmark KSE-100 index surged over 850 points after... read more
Moscow: On Dec 15, President Vladimir Putin said that Russia would increase gas supplies to "the East", particularly China, and... read more
