Karachi, September 30, 2019: ACCA (the Association of Chartered Certified Accountants) and Karachi Tax Bar Association (KTBA) commit to working together to further the tax practice and profession in Pakistan. The two organisations recently signed a memorandum of understanding, formalising this commitment. Specific areas of cooperation include achieving and promoting the highest professional, ethical and…
Karachi, September 24, 2019: Engr. Daroo Khan Achakzai, President, FPCCI while commenting on SRO 981(I)/2019 of dated 7th August, 2019 with special reference to Chapter V-A said that there is need of dedicated Head of Accounts sector-wise for creating transparency. He further stated though Rs. 22 Billion have been released to exporters against RPOs issued as…
Karachi, August 28, 2019: The Board of Directors of BankIslami Pakistan Limited has approved the Bank’s financial results for the half year ended June 30, 2019 in their meeting held in Karachi on August 27, 2019. During half year ended June 30, 2019, the Bank generated operating profit before provisions to the tune of Rs….
Karachi, August 27, 2019: Muhammad Saqib Goodluck Chairman, Pakistan Yarn Merchants Association (Sind & Baluchistan Zone) has strongly protested over imposition of 4 percent Withholding Tax instead of 1 percent requested to withdraw recent clarification of FBR. He said that during different meetings with FBR, imposition of 1 percent withholding Tax was agreed over Textile…
Karachi, July 31, 2019: The Federal board of revenue explained tax collection measures on plot said that 100 percent gain will be taxed on plots if the holding is up to one year 75 percent of the gain will be taxed if the holding period of open is more than 1 year but not more…
