Tax liability for 2020 to be discharged with return for builders, developers

KARACHI: Builders and developers are required to discharge tax liability for tax year 2020 with the tax return. Commenting on Tax Laws (Amendment) Ordinance, 2020, tax experts at PwC A Ferguson said that the annual tax liability for a project is to be computed by dividing the total liability of the project under the regime […]

by Mrs. Anjum Shahnawaz

Apr 25

Stock & Commodity

Weekly Review: market likely to stay range bound due to Ramazan

KARACHI: The trading activities in the stock market likely to stay range bound during next week due to commencement of the holy month of Ramazan. Analysts at Arif Habib Limited said that market to remain range bound in the upcoming week. With commencement of the month of Ramazan, volumes may dry down. While extension in […]

by Mrs. Anjum Shahnawaz

FBR issues procedure for safe transportation of ISAF cargo

Apr 25

Pakistan Customs

FBR issues procedure for safe transportation of ISAF cargo

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for movement of International Security Assistant Force (ISAF) cargo under Pakistan Customs Container Security System (PCCSS). The FBR through a notification dated April 17, 2020 said that the procedure as followed for the transshipment cargo shall be applicable for sealing and de-sealing of ISAF cargo with […]

by Mrs. Anjum Shahnawaz

SBP advises banks to register security interest under STA

Apr 25

Money & Banking

SBP advises banks to register security interest under STA

KARACHI: State Bank of Pakistan (SBP) on Friday advised banks, microfinance banks and development financial institutions (DFIs) to register their security interest under secured transaction laws. The SBP in a circular said that with a view to provide for registration of charge on security/collateral offered by un-incorporated entities including sole proprietorships and partnerships and thereby […]

by Mrs. Anjum Shahnawaz