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.
It emerged on Tuesday that Qatar, one of the world’s top natural gas exporters, would not be able to unilaterally... read more
On Jan 2, It was reported that Saudi Arabian shares began 2022 on a positive note, despite the surge in... read more
The Pakistan Stock Exchange's (PSX) benchmark KSE-100 index closed 410.60 points in the green on Friday. It is largely buoyed... read more
Oil prices steadied on Friday but fell for the week on a stronger U.S. dollar and fears that an economic... read more
On Thursday, the price of gold per tola in the country increased by 400 rupees today. According to... read more
Sky Wing Aviation Company, based in Karachi, denies all CAA claims, according to CEO Sky Wing Aviation Captain Asim Nawaz. CAA... read more
Addressing a press conference in Islamabad, Finance Minister Shaukat Tarin said that on the 23rd of August Pakistan will receive... read more
Moscow: It was reported on Sunday that the Russian natural gas deliveries to Germany through the Yamal-Europe pipeline have fallen... read more
Glasgow: On Nov 2, World Leaders at the COP26 global climate conference have vowed to stop deforestation by the end... read more
On Wednesday, the Pakistani rupee continued to extend its losses. It fell by Rs1.17 against the dollar during interbank trade.... read more
