ISLAMABAD: The ministry of finance has said that International Monetary Fund (IMF) has acknowledged Pakistan’s reform program on track and business and market confidence is returning. In a statement on Sunday, the finance ministry highlighted IMF Board Assessment key economic performance indicators. It said that on the completion of first review of Pakistan’s economic performance, … Read more
KARACHI: A person, who is convicted in an office of smuggling, is required to display notice of conviction for a period of three months. If the person fails to do so the he commits further offence. Under the updated Customs Act, 1969, the section 189 of the Act granted made it compulsory for a person … Read more
KARACHI: A commissioner of Inland Revenue has been empowered to make assessment of income detected as concealed income by Federal Board of Revenue (FBR) or any other agency. FBR officials said that under Section 123 of the Income Tax Ordinance, 2001, the commissioner has been authorized to make assessment of income on amount / assets … Read more