Benami property holder may get 7 years jail, pay 25pc as fine

ISLAMABAD: A person holding Benami property shall be liable to punishable offence with rigorous imprisonment up to seven years along with fine up to 25 percent of value of the property. According... Read more »

Investment in premium prize bonds grows by 115 percent after ban on bearer instruments

KARACHI: The investment in premium prize bonds of Rs40,000 denomination has increased sharply by 115 percent following the ban imposed by the government on bearer instrument of same denomination. Read more »

FBR issues finalized return forms for companies

ISLAMABAD: Federal Board of Revenue (FBR) has issued finalized return forms for companies. The FBR issued SRO 1000(I)/2019 to issue the final return form for tax year 2019. Read more »

Weekly Review: stock market to remain positive on rate cut hopes

KARACHI: The stock market to remain positive during next week owing to hopes of rate cut by the central bank on latest inflation numbers. Read more »

FBR decides to update units of measurement for trade facilitation

ISLAMABAD: Federal Board of Revenue (FBR) has decided to update the units of measurements in order to facilitate trade. FBR chairman Syed Shabbar Zaidi has issued instructions to customs authorities, said a... Read more »

Pakistan not renegotiating IMF-program

ISLAMABAD: Pakistan is not renegotiating IMF program and the country remains committed to implement the policies and reforms spelled out in the IMF-supported program, said a clarification issued on Friday. Read more »

Tax payment made must for return filing date extension

ISLAMABAD: In order to achieve first quarter target the Federal Board of Revenue (FBR) has directed all the chief commissioners of Inland Revenue to ensure payment of taxes before allowing extension in... Read more »

Govt preparing comprehensive policy to develop Karachi: Ali Zaidi

KARACHI: Federal Minister for Maritime Affairs Syed Ali Hyder Zaidi has said that the federal government is preparing a comprehensive policy for the development of Karachi and the first phase of cleaning... Read more »