April 25, 2024

Pkrevenue.com

Pakistan Revenue

Day: September 30, 2020

List of customer information to be verified by banks under latest AML regulations
Sep 30
Money & Banking

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, which shall supersede previous regulations/instructions. Under the new regulations, the SBP issued the list of information, which the banks and financial institutions shall […]

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ECC approves retrenchment plan of Pakistan Steel Mills
Sep 30
Finance

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 Shaikh chaired the ECC meeting at the Cabinet Division. The Ministry of Industries and Production brought a summary to the ECC on the […]

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Rupee gains 18 paisas against dollar on inflows
Sep 30
Money & Banking

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 of Rs165.88 in interbank foreign exchange market. Currency experts said that the rupee strengthened owing to strong inflows of the foreign currency in […]

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FBR to extend return filing date by one month
Sep 30
Taxation

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 return for tax year 2020 is expiring today evening i.e. September 30, 2020. The date for filing income tax return may be extended […]

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FBR issues SRO to regulate accountants, jewelers, real estate agents under AML/CFT
Sep 30
Taxation

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. The regulations have been issued through SRO 924(I)/2020 dated September 30, 2020 to comply with the conditions under Finance Action Task Force (FATF), […]

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