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ST refunds issues to be resolved within two years: Pasha

By M J Hayat LAHORE: The business community should come forward to availing benefits of Tax Amnesty Scheme 2018 as it is a last chance to legalise undeclared assets as the last date for the scheme is approaching fast. This was stated by Federal Board of Revenue (FBR) Tariq Mahmood Pasha while speaking at the Lahore Chamber of Commerce &…
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Those opposing Tax Amnesty Scheme enemies of Pakistan

From Our Staff Correspondent ISLAMABAD: Islamabad Chamber of Small Traders on Saturday said the elements opposing Tax Amnesty Scheme and spreading rumors are enemies of Pakistan. An extension in the deadline of this matchless scheme will help country raise billions of dollars which are badly needed to keep the country afloat, it said. The…
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SBP issues procedure of declaration

By S N Syed, M J Hayat KARACHI: The State Bank of Pakistan (SBP) has issued instructions for a declaration of foreign assets under Foreign Assets (Declaration and Repatriation) Act, 2018, while some amendments have also been made in it. According to the notification issued Thursday, the tax payment can be made through banking channels either…
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US: Top court rules states can collect online sales tax

NEW YORK The Supreme Court ruled Thursday that states can force online retailers to collect taxes from online sales. The 5-4 ruling overturned an earlier decision in 1992 which limited states from collecting taxes from online retailers who did not have a physical presence in those states. South Dakota, who brought the challenge to the…
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Dollar reaches Rs125 in the open market

By S N Syed KARACHI: Pak Rupee has further devalued in the interbank trading at Rs122.30 a dollar while as high as Rs123.6 in the open market. According to sources, the rupee was traded between Rs122.05 to 122.30 a dollar. According to Forex Association of Pakistan, in the open market, dollar was traded between Rs122.6 to Rs123.6. On June 11,…
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Shamshad calls on PSX brokers to do more under amnesty scheme

KARACHI: Finance and Economic Affairs Minister Dr Shamshad Akhtar has recommended to the Pakistan Stock Exchange (PSX) to work diligently for maximising the amount of assets for submission under the Amnesty Scheme announced by the government. The minister was on a visit to the PSX on Monday. In a meeting with representatives of PSX Board,…
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