KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Pakistan Yarn Merchants Association (PYMA) have asked the Federal Board of Revenue (FBR) chairman to extend the deadline for filing sales tax returns till May 31, 2021, a statement said on Tuesday.
They also requested the federal government to reduce the extended Eid holidays in the best economic interest of the country.
Hanif Lakhany, vice president of FPCCI and senior vice chairman of the PYMA and Farhan Ashrafi, vice chairman of PYMA and convener FPCCI’s Central Standing Committee on Yarn Trading, sought the attention of the FBR chairman, and said that due to the extended Eid-ul-Fitr holidays, the date for filing sales tax returns should be extended as it is coming up during the Eid holidays, resulting in inability of the business community to file their monthly sales tax returns.
Pakistani stockbrokers monitor the share prices during a trading session at the Pakistan Stock Exchange on November...
MG Motors' HS Essence. — tyrepoint/FileLAHORE: As Pakistan unveils its long-anticipated New Energy Vehicle Policy...
The representational image a tiny sugar sack. — AFP/FileISLAMABAD: Pakistan’s weekly inflation eased for the sixth...
The representational image shows US dollars. — AFP/FileKARACHI: Pakistan’s short-term local government bonds...
Cars parked outside a showroom. — TheNews/FileKARACHI: The country’s passenger car sales surged by 38 per cent...
Shipping activity can be seen at Port Qasim, Karachi. — APP/FileLAHORE: Pakistan stands at a critical crossroads...