SBP issues procedure for payment of tax against foreign assets declaration

KARACHI: State Bank of Pakistan (SBP) on Saturday issued procedure for deposit of tax against foreign assets under Assets Declaration Ordinance, 2019. In exercise of powers conferred under section 9 of the... Read more »

FBR notifies rules for applying amnesty scheme

KARACHI: Federal Board of Revenue (FBR) on Saturday issued rules for implementing tax amnesty scheme 2019. Read more »

Pakistan needs to ensure direct import, exports: PSAA

KARACHI: Pakistan exports need to maximize selling on C&F basis and imports to maximize buying on FOB basis in order to increase revenue earning along with reducing cost of doing business. Read more »

Weekly Review: PSX stabilization fund to keep positive sentiments

KARACHI: Stock market likely positive in the upcoming weeks amid activation of a PSX stabilization fund in the foreseeable future, analysts said. Read more »

FBR advised to substantially reduce penalties on non-filing, late-filing of tax returns

KARACHI: Federal Board of Revenue (FBR) has been advised to substantially reduce penalties for non-filing or late filing of income tax returns and wealth statements. Read more »

Installing scanners at Pak-China borders suggested to prevent misuse clearance under CPEC

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has suggested to install scanners at Pak-China borders to stop misuse customs clearance of goods transported under China – Pakistan Economic Corridor(CPEC). Read more »