Rules drafted to empower customs freeze smuggled assets
ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to empower customs officials to trace and freeze assets acquire by any person through proceeds of smuggling.
ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to empower customs officials to trace and freeze assets acquire by any person through proceeds of smuggling.
KARACHI: The State Bank of Pakistan (SBP) on Friday amended regulations to incentivize banks for financing low cost and affordable housing. A statement said that the central bank is constantly providing enabling regulatory environment to promote housing and construction finance. This is an important sector that has significant economic linkages with other sectors in the […]
The Federal Board of Revenue (FBR) is employing a comprehensive approach to enhance tax compliance by obtaining crucial information on buyers and sellers of immovable properties through provincial registrars.
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved an amount of $150 million for the purchase of the COVID-19 vaccine. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee of the Cabinet here at Islamabad. Minister for Industries and […]
KARACHI: The stock market fell by 354 points on Friday owing to imposition of smart lockdown and schedule announcement of monetary policy statement (MPS). The benchmark KSE-100 Index of Pakistan Stock Exchange (PSX) closed at 40,187 points as against 40,541 points showing a decline of 354 points. Analysts at Arif Habib Limited said that the […]
The Pakistani Rupee faced a modest decline of 11 paisas against the US dollar on Friday, closing at Rs160.73 in the interbank foreign exchange market.
ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued draft rules for issuance of centralized payment of income tax refund. The FBR issued SRO 1239(I)/2020 to issue draft amendment to Income Tax Rules, 2002. According to the rules, the FBR shall establish a Centralized Income Tax Refund Office (CITRO) for centralized payment of refund amount […]
KARACHI: Medium Taxpayers Office (MTO) Karachi has appointed a focal person to facilitate construction industry for availing special incentive package announced by the prime minister. According to an office order issued by the MTO Karachi, Fayyaz Hussain Abro, Additional Commissioner, Inland Revenue has been appointed as focal person to facilitate construction industry with regard to […]
KARACHI: Zhiping Rong has resigned as shareholder director of Pakistan Stock Exchange (PSX), according to a statement issued on Friday. Zhiping Rong was representing China Financial Future Exchange on the board of PSX. He resigned with effect from November 18, 2020. The PSX said that the resignation had also vacated the office of You Hang, […]
ISLAMABAD: Federal Board of Revenue (FBR) has invited Expression of Interest (EOI) from companies providing real-time support for monitoring and tracking of transit / transshipment of goods.