Pakistan stocks close in red
KARACHI: Pakistan equities closed another session in red on Wednesday with benchmark KSE-100 Index witnessing wild swings in a near 500-point-range in the absence of triggers, dealers said. “A brief…
Postings of probationary Assistant Collectors notified
KARACHI: Federal Board of Revenue (FBR) has notified postings of probationary Assistant Collectors of BS-17 of 43rd CTP. These officers would assume their offices after completion of specialized training at…
Customs values of dates revised
KARACHI: Directorate of Customs Valuation has revised the customs values of dates vide Valuation ruling No.1014/2017. Customs values of dates were earlier determined vide valuation ruling No.501/2012. Since, the applicable…
Government convinced to eliminate under-invoicing, smuggling
KARACHI: The post clearance audit (PCA) has initiated recovery of revenue which was evaded through under-invoicing, which heralds a larger policy wherein government would ensure plugging of revenue leakage. Directorate…
Explanation cannot be effective retrospectively, rules SHC
KARACHI: An Income Tax Appellate bench of High Court of Sindh headed by Justice Aqeel Ahmed Abbasi deciding two identical Income Tax Reference Applications (ITRA 272 & 273 of 2011)…
SHC decrees suit, order release of Generators
KARACHI: Justice Salahuddin Panhwar of High Court of Sindh (SHC) deciding a suit 37/2017 ordered release of the a consignment of electric generators. The suit was filed by Siddiq Sons…