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.
Karachi: The State Bank of Pakistan (SBP) on Tuesday reversed its uptrend as the local currency lost Rs2.38 due... read more
TIANJIN, Oct 12 (Xinhua/APP): An international auto show will be held for the first time in the north Chinese... read more
In a meeting of the Senate Standing Committee on Petroleum, Petroleum Division secretary Dr. Arshad Mahmood informed that Gas... read more
Brussels: On Nov 9, the European Union drugs regulator is all ready to approve the use of two monoclonal... read more
TECNO has surpassed the well-known brands and topped the mobile selling business with top third place. It started the... read more
Ariana Afghan Airlines started daily flights from Kabul to Dubai on Monday, resuming a popular international route that had... read more
On Friday, The State Bank of Pakistan (SBP) raised its benchmark interest rate by 150 basis points to 8.75... read more
London: On Jan 18, it was reported that Benchmark oil prices soared to their highest since 2014. It was... read more
ISLAMABAD, Oct 21 (Xinhua/APP): German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark... read more
According to reports, a formal inquiry of the 700 Pakistanis implicated in the Pandora Papers affair has begun. According to... read more
