SBP directs banks to maintain depositor-wise database

KARACHI: State Bank of Pakistan (SBP) on Friday directed banks to maintain depositor-wise database in order to ensure reimbursement to genuine protected depositors. Read more »

FBR notifies transfers, postings of 21 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of 21 officers of BS-17-21 Inland Revenue Service (IRS) with immediate effect and until further orders. Read more »

Foreign investment declines by 72.5 percent during July – February

KARACHI: The inflows of total foreign investment into the country fell by 72.5 percent to $1.21 billion during first eight months (July – February) of current fiscal year as compared with $4.42... Read more »

Rupee falls by nine paisas against dollar

KARACHI: The Pak Rupee fell by another nine paisas against dollar on Friday amid foreign currency demand for import and corporate payments. Read more »

Late filers to become part of ATL as FBR extends last date for filing return up to March 31

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements up to March 31, 2019, which will enable the late filers to become... Read more »

Banks may be asked verifying goods valuation to check trade based money laundering

KARACHI: Banks shall be required to verify valuation of goods before approving electronic or manual import payment in order to prevent incidents of money laundering and terror financing. Read more »

Income Tax Ordinance 2001: advance tax on domestic, international air tickets

KARACHI: Passengers traveling through domestic or international airlines are required to pay certain amount of advance tax on purchase of air tickets. According to Income Tax Ordinance, 2001 issued by Federal Board... Read more »

FBR transfers 53 BS-19 customs officers in major reshuffle

ISLAMABAD: Federal Board of Revenue (FBR) in a major reshuffle on Thursday transferred 53 BS-19 officers of Pakistan Customs Service (PCS) with immediate effect and until further orders. Read more »