Daily Archives: September 9, 2020

FBR Issues Draft of Income Tax Return Form & Wealth Statement for Retailers

The Federal Board of Revenue (FBR) has issued a draft of two pages of income tax return form and wealth statement for retailers and small traders that have an annual turnover of up to Rs. 10 million. It is a simplified form seeking basic information about the business and wealth of the retailers and shopkeepers.

PSX Gears Up for The Biggest Steel IPO in 5 Years

Pakistan Stock Exchange is read for the third initial public offering (IPO) of the year. Agha Steel Industries Ltd. seeks to raise up to Rs. 5 billion ($30 million) via an initial public offering IPO in what will be the third IPO of 2020, as a construction boom in Pakistan helps boost demand for its

Pakistan’s Remmitances Will Fall in 2021 Despite Recovery in 2020: Fitch Ratings

Fitch Ratings, in its special report “APAC remittances and the coronavirus shock”, has stated that remittances are set to decline in 2020 despite a recovery in recent months, and forecasts Pakistan current account deficit to widen to 1.7 percent of GDP in the fiscal year 2021, in part as remittances fall and offset gains from

Pakistan calls for collective action to achieve sustainable economic development

Pakistan has called for collective action to achieve sustainable economic development in the wake of unprecedented global crisis triggered by the Covid-19 pandemic. Addressing the United Nations’ meeting of Finance Ministers on “Sustainable Development in the Era of Covid-19 and Beyond”, Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh said six discussion groups

FBR uploads Income Tax Returns Forms for Tax Year-2020 on its website

Federal Board of Revenue has uploaded the Income Tax Returns Forms for Tax Year-2020 on its website. This was announced by FBR’s spokesperson Syed Nadeem Hussain Rizvi in a news confrence in Islamabad today. He siad FBR has further simplified the Income Tax Returns for salaried class and small retailers. He said the small retailers

شینیانگ: چھٹے دریائے ہن سمفونک میوزک فیسٹیول کا بڑے پیمانے پر آغاز

شین یانگ ، چین، 9 ستمبر، 2020 / سنہوا- ایشیا نیٹ / –  چھٹے دریائے ہن سمفونک میوزک فیسٹیول کا  4 ستمبر کی شام شینیانگ میں بڑے پیمانے پر آغاز ہوگیا۔ اس فیسٹیول کا موضوع “مجموعی خوشحالی کا حصول ، بہترزندگی کا بانٹنا”ہے۔ شینیانگ بلدیہ کے محکمہ تشہیرات کے مطابق ،  4 سے 9 ستمبر […]