April 26, 2024

Pkrevenue.com

Pakistan Revenue

Day: February 10, 2020

‘Business Optimism Index’ launched: Business optimistic on situation to improve
Feb 10
Trade & Industry

‘Business Optimism Index’ launched: Business optimistic on situation to improve

KARACHI: Dun & Bradstreet has launched its World Renowned ‘Business Optimism Index’ for Pakistan according to which Businesses in Pakistan are overall optimistic about their outlook for Q1, 2020. The composite Business Optimism Score stands at 144.6 points compared to a benchmark neutral value of 100 points. As per the report, Large Companies are relatively […]

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ECC bans sugar export to control prices
Feb 10
Finance

ECC bans sugar export to control prices

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday banned the export of sugar to maintain the prices in domestic market. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez shaikh chaired the meeting of the ECC. ECC was given a briefing by the Ministry of Industries and Production on […]

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FBR notifies transfer, postings of BS-20 IRS officers
Feb 10
Taxation

FBR notifies transfer, postings of BS-20 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of senior officers of Inland Revenue Service (IRS) of BS-20 with immediate effect and until further orders. The FBR notified transfers and postings of following officers: 01. Rizwan Ahmed Urfi (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (PAC-DT) Federal Board […]

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MCB Bank submits SOQ for SME Bank privatization
Feb 10
Money & Banking

MCB Bank submits SOQ for SME Bank privatization

KARACHI: MCB Bank Limited on Monday submitted a statement of qualification (SOQ) for participating in privatization of SME Bank Limited. In a notice to Pakistan Stock Exchange (PSX), the MCB Bank said that Privatization Commission, government of Pakistan advertized in December 2019 the privatization of SME Bank Limited via sale of 93.88 percent shares therein […]

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FBR to impose penalty on withholding agent for not submitting taxpayers’ information
Feb 10
Taxation

FBR to impose penalty on withholding agent for not submitting taxpayers’ information

ISLAMABAD: Federal Board of Revenue (FBR) will impose penalty on withholding agents for failure in submitting withholding statement or information of taxpayers for the period July – December 2019. The last day for filing withholding statement electronically was January 31, 2020. Most of the withholding agents had filed the statements as per requirement. However, some […]

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NCCPL directs verification of stock investors through biometric
Feb 10
Stock & Commodity

NCCPL directs verification of stock investors through biometric

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has issued guidelines to register / verify all investors of stock market through biometric system. The NCCPL on Monday issued communication to Pakistan Stock Exchange (PSX) to direct all authorized intermediaries (AI) and clearing members to register existing customers in Centralized Know Your Customer (CKO). The NCCPL […]

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Cabinet to announce major relief in prices
Feb 10
National

Cabinet to announce major relief in prices

ISLAMABAD: The federal cabinet in its meeting scheduled for Tuesday, February 12, 2020 will announce major relief in prices of basic food items, Prime Minister Imran Khan announced on Sunday. The prime minister in its tweet message said that the government would come up with various measures to reduce the prices of basic food items […]

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Criminal proceedings to be initiated for taking bribe
Feb 10
Taxation

Criminal proceedings to be initiated for taking bribe

KARACHI: Federal Board of Revenue (FBR) is determined to eliminate corrupt practices in the official matters in Inland Revenue and Pakistan Customs and decided to take action against officials taking bribe or financial benefits for giving favor someone. FBR officials told PkRevenue.com that vigilance teams of tax authorities were observing the day to day affairs […]

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