Aug 24

High tax rates to discourage industrialization: KCCI

KARACHI: Raising the tax rate is not the right solution for enhancing revenue as it will discourage expansion and industrialization but the actual solution lies in broadening the tax net, Junaid Makda, President, Karachi Chamber of Commerce and Industry (KCCI) said in a statement on Saturday. The broadening of the tax base will subsequently share […]

by Mrs. Anjum Shahnawaz

Aug 24

Stock & Commodity

Weekly Review: foreign interest to revive amid improving external account balance

KARACHI: The stock market may slow down during next week but overall sentiments would remain positive, analysts said. Analysts at Arif Habib Limited expect that the market momentum to slow down amid profit-taking. “The overall sentiment to remain positive with investors continuing to accumulate scrips at current attractive valuations,” they added. Further, foreign interest is […]

by Mrs. Anjum Shahnawaz

FBR asks BS-17 officers to complete PERs for promotion

Aug 24

Taxation

FBR asks BS-17 officers to complete PERs for promotion

ISLAMABAD: Federal Board of Revenue (FBR) has advised all the officers of BS-17, who are in promotion zone, to submit their performance evaluation reports (PERs) up to September 10, 2019 for the consideration in the upcoming departmental promotion committee (DPC). A circular issued by the FBR said that the meeting of DPC for promotion from […]

by Mrs. Anjum Shahnawaz

SBP warns public against sale, purchase of foreign exchange with illegal money exchanges

Aug 24

Money & Banking

SBP warns public against sale, purchase of foreign exchange with illegal money exchanges

KARACHI: State Bank of Pakistan (SBP) has warned general public against dealing of sale and purchase of foreign currency with illegal money exchanges. The central bank in an information to general public said that sale, purchase and transfer of foreign currency through Hawala/Hundi operators is illegal. The SBP said that people unknowingly may become part […]

by Mrs. Anjum Shahnawaz

FBR launches mobile application for basic status verification

Aug 24

Taxation

FBR launches mobile application for basic status verification

KARACHI: Federal Board of Revenue (FBR) has launched mobile application for verification of status of sales tax, active taxpayers list (ATL), online NTN/STRN inquiry etc. According to updates on Friday the FBR launched Tax Asaan mobile application with selected functionality of Iris web application. This mobile application provides the taxpayers a quick and on-the-go access […]

by Mrs. Anjum Shahnawaz