List of customer information to be verified by banks under latest AML regulations

KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued the Anti-Money Laundering, Combating the Financing of Terrorism & Counter Proliferation Financing (AML/ CFT/ CPF) Regulations for banks and other financial institutions,... Read more »

ECC approves retrenchment plan of Pakistan Steel Mills

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the retrenchment plan of Pakistan Steel Mills (PSM). Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez... Read more »

Stock market ends down by 633 points on political noise

KARACHI: The stock market fell by 633 points on Wednesday owing to selling pressure observed during the day due to political noise and pressure in international markets. The benchmark KSE-100 index of... Read more »

Rupee gains 18 paisas against dollar on inflows

KARACHI: The Pak Rupee strengthened by 18 paisas against dollar on Wednesday owing to inflows of workers’ remittances and export receipts. The rupee ended Rs165.70 to the dollar from previous day’s closing... Read more »

FBR to extend return filing date by one month

ISLAMABAD: Federal Board of Revenue (FBR) to extend date for filing income tax return by one month i.e. October 31, 2020, sources said on Wednesday. The last date for filing income tax... Read more »

FBR issues SRO to regulate accountants, jewelers, real estate agents under AML/CFT

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued a notification to regulate the profession/business of accountants, jewelers, real estate agents in ongoing efforts against money laundering and countering finance of terrorism.... Read more »

KTBA advises FBR to update tax laws on its website

KARACHI: Federal Board of Revenue (FBR) has been advised to update tax laws with latest amendments on its official website to facilitate taxpayers as well as tax practitioners. The Karachi Tax Bar... Read more »

FBR offices to remain open late hours for tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed its field offices of Inland Revenue to remain open late hours to facilitate taxpayers in payment of duty and taxes on September... Read more »

SBP doubles loan size for setting up hospital to combat COVID

KARACHI: State Bank of Pakistan (SBP) has enhanced loan size to Rs 1 billion from Rs500 million for setting up new hospital to combat COVID-19. The central bank in a notification said... Read more »

FPCCI demands extending refinance scheme for three months to support employment

KARACHI: The business community has demanded the State Bank of Pakistan (SBP) of extending refinance scheme, which was introduced to prevent layoff owing to coronavirus outbreak, for further three months. The Federation... Read more »