FBR directed to make proposed amnesty scheme more attractive

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs directed Federal Board of Revenue (FBR) to modify proposed tax amnesty scheme to attract maximum number of... Read more »

Chief collector directs simplifying refund payment system

KARACHI: Mrs. Surriya Ahmed Butt, Chief Collector of Appraisement (South) has issued directives to customs authorities to simplify refund payment system. Read more »

PTCL, Zong 4G collaborate for network expansion in remote areas

KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Zong 4G have entered into a strategic partnership for network expansion in remote and far-flung areas of the country. Read more »

SBP restrains banks’ chairmen from appointing adviser

KARACHI: State Bank of Pakistan (SBP) on Tuesday restrained board / chairman of banks from appointing adviser in any capacity. Read more »

Equity market extends losses on concerns over budgetary measures

KARACHI: The equity market extended previous day’s losses on Tuesday owing to concerns over new budgetary measures under planned IMF program. Read more »

Shell Pakistan declares 81 percent decline in net profit

KARACHI: Shell Pakistan Limited on Tuesday declared 81 percent decline in its profit after tax. Read more »

Rupee remains unchanged for seventh straight trading day

KARACHI: The Pak Rupee remained unchanged against dollar for seventh straight trading day on Tuesday amid lower demand for import and corporate payments. Read more »

Clearance of mobile phones: Customs valuation of 234 brands, models issued

KARACHI: Pakistan Customs has issued valuation of 234 different brands and models of mobile phones for the purpose of determination of duty and taxes at clearance stage. Read more »

Sales Tax Act 1990: penalty for non-filing, miscalculation

KARACHI: The sales tax law has defined fine and penalty for persons fail to file sales tax returns within due date. The law also defined penalty for miscalculation and other obligations. Read more »

Pakistan, Iran agree to boost monetary, financial, commercial activities

ISLAMABAD: Pakistan and Iran have agreed to enhance economic cooperation through boosting monetary, financial and commercial activities to their full potential by utilizing all available options. Read more »

Text of Benami Transactions (Prohibition) Rules, 2019

KARACHI: The Federal Board of Revenue (FBR) has launched campaign to aware people about benami laws and harsh penalties under this law. Besides, the people are also informed about rewards to whistle... Read more »