Pkrevenue.com

Month: December 2020

  • Banks directed to collect advance tax from non-ATL persons

    Banks directed to collect advance tax from non-ATL persons

    ISLAMABAD: Federal Board of Revenue (FBR) has directed banks to collect advance income tax on non-cash banking transactions from persons non-appearing on the Active Taxpayers List (ATL).

    Sources said that financial institutions are required to collection advance tax at 0.6 percent on the transactions of above Rs50,000 non-cash banking transactions.

    The government introduced the withholding tax provision through Finance Act, 2015 and a new Section 236P was inserted to Income Tax Ordinance, 2001. Under this provision 0.6 percent withholding tax was imposed only on non-filers of income tax returns on aggregate transactions of Rs50,000 per day.

    The provision was aimed at increasing burden on person not filing income tax returns.

    The government faced opposition from various quarters after the introduction of Section 236P. Therefore, the government reduced the tax rate to 0.3 percent in the same fiscal year of its launch. The reduced rate increased to 0.4 percent in March 2017 and finally this rate made part of the statute through Finance Act, 2018.

    However, the present government through Finance Supplementary (Amendment) Act, 2018 in October 2018 restored the tax rate to 0.6 percent in order to made transactions costlier for non-compliant taxpayers.

    Through Finance Act, 2019 a new Tenth Schedule was introduced to the Ordinance, under which withholding tax would be collected form persons not appearing on the ATL.

    Previously, the income tax return filing was mandatory for appearing on the ATL. But in the latest arrangement a person will only be appear on the ATL if he files annual return by due date.

    However, after paying late filing fine a person can enroll his name to the ATL.

    The FBR sources said that the levy of advance tax on non-cash banking transactions that is only applicable on those persons not appearing on the ATL, had helped the FBR to receive all time high number of returns of 3 million for the tax year 2019 by December 21, 2020.

  • FBR receives 377,766 tax returns after due date

    FBR receives 377,766 tax returns after due date

    The Federal Board of Revenue (FBR) disclosed on Saturday that it has received an impressive 377,766 tax returns for the tax year 2020, surpassing the filing deadline of December 08, 2020.

    (more…)
  • Amnesty to builders, developers be extended for one year: FPCCI

    Amnesty to builders, developers be extended for one year: FPCCI

    KARACHI: Pakistan’s apex trade body has urged the prime minister to extend the date for availing a tax amnesty for builders and developers for one year.

    Mian Anjum Nisar, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) while appreciating the Prime Minister of Pakistan for introducing Amnesty Scheme for Construction Industry, said that the scheme has boosted the socio-economic status of daily wagers and supported the construction and its allied sectors.

    It was a tremendous decision for the mitigation of COVID-19 impact over Pakistan. This incentive scheme attracts the builders, developers, and purchasers of housing units and plots who have not availed of it yet.

    Even the negative economic effects of Covid-19 pandemic have not hindered the Construction Industry in providing immediate jobs back to the millions of daily wages earners.

    He informed that Prime Minister Imran Khan had announced the tax amnesty scheme for the real estate and construction sector in April 2020 and will remain valid till 31st December 2020.

    The relief package was for the construction industry with twofold aim of providing employment to daily wage earners, and spurring economic activity.

    Those availing of this scheme need to register with the designated FBR portal since the ordinance was promulgated from April 2020 to December 31, 2020.

    The immunity from declaring the source of income was also available to builders, developers, and the purchasers of the housing societies and projects, and tax on gains on investment had been waived for all citizens who wanted to sell their homes.

    The tax amnesty had been given as part of the Prime Minister Package to lessen the impacts of the COVID-19 outbreak on the construction sector.

    President FPCCI urges the Prime Minister to extend the time period of the Amnesty Scheme for Construction Industry and introduce the same amnesty scheme facility to other sectors and industries.

    This scheme can support the economy of Pakistan during the second wave of COVID-19 and it will proved to be a turning point for the economy of Pakistan & for the revival of the housing and construction industry in Pakistan.

    He further said that if the Amnesty Scheme continues for another year the daily wagers, the most vulnerable segment of the population can get back to work to earn a respectable earning for their families as they were fighting with the second phase of COVID-19 and poverty at the same time.

  • Weekly Review: market likely stay in green

    Weekly Review: market likely stay in green

    KARACHI: The market likely to stay in green during next week owing to stable rupee and improved remittances, analysts said.

    Analysts at Arif Habib Limited said that the market to remain green due to slowdown in Covid-19 infection ratio, improvement on the macro-economic front amid higher remittances resulting in current account surplus, stable PKR/USD parity, and rising construction activity which will increase demand of cement and steel.

    However, a surprise surge in domestic Covid-19 infection ratio together with rising global coronavirus cases (as daily cases in December averaged more than 600,000, exerting pressure on countries to impose a lockdown) may create pressure.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.4x (2021) compared to Asia Pac regional average of 15.6x while offering a dividend yield of ~6.2 percent versus ~2.4 percent offered by the region.

    This week trading commenced on a negative note and the index nosedived by 834 points on first two trading days due to new strain of coronavirus being found in United Kingdom which unsettled global sentiment, international oil prices dropping by 5 percent DoD, and pressure on European equity markets.

    However, the negative performance was short lived as the index displayed a rebound on next two trading days (Wednesday and Thursday) and cumulatively increased by 510 points amid current account surplus for fifth straight month, expectation of government extending amnesty period for construction sector, and expected restoration of IMF programme.

    The KSE-100 index closed at 43,417 points, down by 324 points or 0.74 percent WoW. 

    Contribution to the downside was led by i) Oil and Gas Exploration Companies (229 points), ii) Commercial Banks (155 points), iii) Fertilizers (77 points), iv) Pharmaceuticals (44 points), and v) Food & Personnel Care Products (24 points). Scrip-wise major losers were PPL (76 points), OGDC (68 points), POL (52 points), MEBL (51 points), and ENGRO (56 points). Whereas, scrip-wise major gainers were TRG (46 points), CHCC (40 points) LUCK (34 points), SYS (29 points) and GHGL (29 points). 

    Foreigners offloaded stocks worth of USD 20.44 million compared to a net sell of USD 9.36 million last week. Major selling was witnessed in Fertilizer (USD 8.23 million) and Power (USD 5.46 million). On the local front, buying was reported by Companies (USD 25.61 million) followed by Broker Proprietary Trading (USD 1.17 million). That said, average daily volumes and traded value for the outgoing week were down by 8 percent and 11 percent to 507 million shares and USD 138 million, respectively.

  • Non-filers may face concealment of income charges

    Non-filers may face concealment of income charges

    ISLAMABAD: Federal Board of Revenue (FBR) may invoke provisions of Tenth Schedule of Income Tax Ordinance, 2001 under which non-filers of income tax returns for tax year 2020 may face charges of concealment of income.

    Rule 3 of the Tenth Schedule of Income Tax Ordinance, 2001, explained:

    (1) Where for a tax year person’s tax has been collected or deducted in accordance with rule 1 and the person fails to file return of income for that tax year within the due date provided in section 118 or as extended by the Board, the Commissioner shall notwithstanding anything contained in sub-sections (3) and (4) of section 114, within sixty days of the due date provided in section 118 or as extended by the Federal Board of Revenue (FBR) make a provisional assessment of the taxable income of the person and issue a provisional assessment order specifying the taxable income assessed and tax due thereon.

    (2) In making the provisional assessment under sub-rule (1), the Commissioner shall impute taxable income on the amount of tax deducted or collected under rule 1 by treating the imputed income as concealed income for the purposes of clause (d) of sub-section (1) of section 111:

    Provided that the provision of section 111 shall be applicable on unexplained income, asset or expenditure in excess of imputed income treated as concealed income under this rule.

    Explanation.- For the removal of doubt it is clarified that the imputable income so calculated or concealed income so determined shall not absolve the person so assessed, from requirement of filing of wealth statement under sub-section (1) of section 116, the nature and source of amounts subject to deduction or collection of tax under section 111, section of audit under section 177 or 214C or subsequent amendment of assessment as provided in rule 8 and all the provisions of the Ordinance shall apply.

    The last date for filing income tax return for tax year 2020 was expired on December 08, 2020 and a large number of taxpayers have failed to comply with the mandatory requirement of filing annual return.

    At present the applicable ATL is of tax year 2019 and will remain applicable till February 28, 2021. The ATL for tax year 2020 will be issued on March 01, 2021 and will applicable till February 28, 2022.

    The FBR has received record 3 million returns for tax year 2019 and making all efforts to further increase the number for the tax year 2020.

    According to rule 01 of the Tenth Schedule the tax rate of withholding is 100 percent higher for persons having taxable income but not on the ATL.

  • Proposed new tax on car purchase resented

    Proposed new tax on car purchase resented

    KARACHI: An association of industries and traders has resented proposed plan of the government to impose a new tax on purchase of motor vehicles.

    Pakistan Industrial and Traders Association Front (PIAF) has voiced its serious concern over the imposition of new tax on the sale of new cars to control ‘On Money’ practice, saying the move will further enhance the prices of already world most expansive Pakistani four wheelers, said a statement.

    PIAF chairman Mian Nauman Kabir said that the government has decided to impose up to Rs200,000 additional withholding tax on the purchase of new cars on the plea of discouraging ‘On Money’ but actually the move has been aimed at achieving FBR’s target of tax collection.

    He said that the locally-assembled cars are very expansive mainly due to exorbitant government taxes and high profit margins of the assemblers despite the fact that their quality is very low.

    The additional withholding tax of up to Rs200,000 will put more burden on the consumers, who are already buying the very costly vehicles as compared to rest of world.

    He said that the consumers were upset due to unnecessarily long delivery time for vehicles by the manufacturers. In order to discourage the practice of “on money” the government, instead of taking some solid measures, has imposed additional Withholding Income Tax, which does not seem to be logical.

    He said that government can control prices by checking various costs and then ensuring 20 or 30 percent profit of the company.

    “Right now car manufacturers have 1-year advances, which is more than their total investment,” he said.

    “Secondly, the government can definitely intervene to ensure quality, as a car carries a human being and human life is dependent on its quality. The companies in India, Canada or USA have different features and different safety modes and features. Same models in Pakistan have almost zero safety features whereas price in Pakistan is much higher. Let’s forget price for sometimes but at least give us a safe vehicle with less oil consumption,” he argued.

    He said that nowadays 25 percent of the price is being charged in the name of on money. Even if you pay 100 percent you cannot get a car and have to pay ‘ON’ in lakhs, which is almost 25 percent of the total price that is right under the government nose and in knowledge of the concerned authorities, he added.

    PIAF leader appealed the government to devise some mechanism to regulate the automotive sector in view of the quality as well as the prices in consultation with all stakeholders including the industry as well as the consumers.

    Mian Nauman Kabir said that local manufactures revise their cars prices whenever they desire and that too without getting due approval from any authority, which affect the common people badly.

    The Engineering Development Board (EDB) will have to devise some rules and regulations to benefit the consumers along with securing the interest of the auto assemblers in the upcoming auto policy, he said. PIAF also suggests the Senate Standing Committee on Industries and Production to take the notice of exorbitant and ever-soaring prices of cars in Pakistan along with illegal practice of charging ‘on money’ or premium, he added.

    The Senate Standing Committee on Industries and Production, the Engineering Development Board, FBR, Pakistan Automotive Manufacturers Association and major Consumers Welfare Associations should sit together and finalize some mechanism to bring down the prices of automobiles in line with the rates of international market, by revising profit margins and decreasing taxes and duties in the larger interest of the public.

  • FBR starts processing income tax refunds of tax year 2020

    FBR starts processing income tax refunds of tax year 2020

    ISLAMABAD: Federal Board of Revenue (FBR) has started processing income tax refunds for the tax year 2020 and issued instructions in this regard.

    The FBR issued a notification to all the chief commissioners of tax offices stating that payment of refunds or adjustment of refund have identical financial impact for the exchequer and therefore, both warrant equal focus and application of mind so that no undue and undetermined refund is either paid out or adjusted to/by the taxpayers.

    The FBR said that in this connection, the data of income tax refund applications had been obtained from field formations/PRAL for tax year 2020, and examined.

    “The data transpire that out of the total refund claims of Rs74.313 billion in the tax year 2020, 6,073 applications covering an amount of Rs4.254 billion have been lodged,” the FBR said.

    The FBR told the chief commissioners that current year’s refund liability should be paid out of the current year’s revenue stream and that no due refund should be withheld.

    It would also help us ward off unnecessary complaints against us for delayed processing of refund applications and/or non-payment of refund to the taxpayers.

    Therefore, the tax offices are advised to dispose of all applications lodged under section 170 of the Income Tax Ordinance, 2001 by January 31, 2021.

  • MCC Quetta to auction 135 motor vehicles on December 28

    MCC Quetta to auction 135 motor vehicles on December 28

    KARACHI: Model Customs Collectorate (MCC) Quetta has announced auction of 135 motor vehicles on December 28, 2020.

    Following vehicles will be presented at the auction:

    1. Toyota Mark X, Chassis No. GRX120-0037293, Engine Type 4GR-FSE, Model 2005, 2500-CC, Color White.

    2. Nissan X Trail Jeep, Chassis No. NT30-020555, Model 2001, Color White.

    3. Nissan X Trail Jeep, Chassis No. NT30-077946, Engine No. QR20(DE), 1998-CC, Model 2003, Color Golden.

    4. BMW Car, Chassis No. WBADD42090BV14330, Engine Type M52, Model 1997, Color Black.

    5. Toyota Probox DX, Chassis No. QG10-011435, Engine No. DG18-347228, Model 2000.

    6. Nissan Car (Automatic), Chassis No. QG10-011435, Engine No. DG18-347228, Model 2000.

    7. Kawasaki Motorcycle, Chassis No. 8945A-1, Engine No. ZRT00DEO14545, Model 2007, HP-1000-CC, Color Black.

    8. DX Corolla Binjo, Chassis No. CE107-0006474, Engine No. NTA, Model 2000, Color Silver.

    9. Toyota Litace, Chassis No. CM30-0012463, Engine No. 2CT-080945, Model 1987.

    10. Car Saracha (RHD), Chassis No. AE100-0197878, Engine No. SHC194187, Model 1996, Color Trim.

    11. Saracha Car, Chassis No. GT196-0005336, Engine Type NTA.

    12. Toyota Pickup Single Cabin (LHD), Chassis No. YN57-0020059, Model 1984.

    13. Toyota Premio Car, Chassis No. ZZT240-0139308, Engine Type 1ZZFE, 1797-CC, Model 2007.

    14. Toyota Probox Car, Reg No. AZA-229 (FAKE), Chassis No. NCP58-0035251, Eng No. 1RZ8358229, Model. 2004 as per seat belt, Color. Silver, H/p. 1500cc as per trim plate.

    15. Toyota Altis, Chassis No. MRO53ZEE106113129, Model 2008, Engine No. 3ZZFE, 1600cc.

    16. Toyota Mark X, Chassis No. GRX120-0003526, Engine No. NTA, Model 2004, Color White, 2500-CC.

    17. Toyota Mark X, Chassis No. GRX120-0044423, Model 2005, Engine No. 4GR-FSE, 2500cc.

    18. Toyota Pickup S/Cabin (LHD), Chassis No. YN55-0003868, Engine No. 2Y-0351680, Model 1984.

    19. Toyota Mark X, Chassis No. GRX130-6040658, Engine Type: 4GR-FSE, Model 2011, 2500-CC, Color Black.

    20. Suzuki Alto Car, Chassis No. HA23S-708711, Model 2003, Engine K6A, 660cc.

    21. Trailer 14 Wheeler, along with 2x Containers, Chassis No. 0688058, Engine Type: 32233.

    22. Toyota Corolla Altis, Chassis No. MR053ZEE106126143, Engine No. 377-FE, Model No. 2008.

    23. Tractor with Trolley, Chassis No. 1436-89, Engine No. CE9706520610114K.

    24. Toyota Premio Car, Chassis No. ZZT240-0052728, Engine No. Nil, Model 2002.

    25. Toyota Hilux Surf, Chassis No. TRN215-0018085, Engine No. 2TR-FE, Model 2007.

    26. Mercedez Benz Car 02 Door, Chassis No.041173, Engine No. 15486372, 3975CC, Model 1977.

    27. Toyota Land Cruiser, Chassis No. UZJ200-4016488, Model 2008.

    28. Toyota Prius Car, Chassis No. ZVW30-1065825, Engine No. 2ZR-2541406, Model 2009.

    29. Toyota Vitz Car, Chassis No. SCP13-0042741, Engine No. 92301, Model 2004.

    30. Toyota Prado (Damaged), Chassis No. VZJ121-0008506, Model 2003.

    31. Toyota Premio Car, Chassis No. ZZT240-0143934, Engine No 1ZZFE 1794-CC, Model 2007.

    32. Toyota Hilux Surf, Chassis No. TRN215-0019386, 2700-CC, Model 2007.

    33. Toyota Land Cruiser Prado TX, Chassis No. VZJ120-0006306, Engine No. 5VZFE, 3400-CC, Model 2003.

    34. Nissan Navara Pickup, Chassis No. MNTCB4D23A0011839, 2298-CC, Model 2015.

    35. Toyota Fielder Car Chassis No.NZE121-0022209 Engine No. 1NZ-A1-80778, Model 2001.

    36. Toyota Vitz Car, Chassis No. SCP13-0031688, Engine No. 2SZFE, 1300-CC, Model 2004.

    37. Toyota Vitz Car, Chassis No. KSP90-5118205, Engine No. 1KRFE, 1000-CC, Model 2008.

    38. Toyota Passo Car, Chassis No. KGC30-0019245, Engine No. AKR-1072012, Model 2010.

    39. Toyota Probox Car, Chassis No. NCP51-0027271, Engine No. A735421, Model 2003.

    40. Toyota Fielder Car, Chassis No. NZE121-0211059, Engine No. 2653235, Model 2003.

    41. Toyota Vitz Car, Chassis No. SCP13-0020468, Engine No. 2SZFE, 1300-CC, Model 2002.

    42. Toyota X Corolla Car, Chassis No. NZE121-3366004, Engine No. 1NZFE, Model 2006.

    43. Toyota Fielder Car, Chassis No. ZZE122-0161681, Model 2004.

    44. Toyota Land Criuser Prado (03-Doors), Chassis No. VZJ90-0003895, Engine No. 5VZFE, 3400-CC, Model 1998.

    45. Toyota Prius Car, Chassis no. NHW20-3025436, Model 2004.

    46. Toyota Surf, Chassis No. VZN215-0003375, Engine No. 5E2-FE, 3400-CC, Model 2003.

    47. Toyota Passo Car, Chassis No. KGC10-0001215, Engine No. 1KRFE, 996-CC, Model 2004.

    48. Toyota Corolla Car, Chassis No. NZE121-0121392, Engine No. 1NZFE, 1496 CC, Model 2002.

    49. Toyota Passo, Chassis No. KGC30-0003935, Engine No. 1KR-036939, Model 2010.

    50. Toyota Passo, Chassis No. KGC30-0015515, Engine 1KR, 1000-CC, Model 2010.

    51. Toyota Corolla Car (Damaged), Chassis No. NZE121-3318881, Engine No. 1NZFE, 1496-CC, Model 2005.

    52. Toyota Surf, Chassis No. VZN215-0002124, Model 2002.

    53. Toyota Premio Car, Chassis No. ZZT240-0101456, Model 2005.

    54. Toyota Hilux Surf, Chassis No. RZN215-0005494, Engine No. 3RZFE, Model 2003.

    55. Toyota Vitz Car, Chassis No. NSP130-2059004, Engine No. 1NRFE, Model 2012.

    56. Toyota Land Cruiser Prado TZ, Chassis No. VZJ121-0007025, Engine No. 5VZFE, Model 2003.

    57. Toyota Corolla G Car, Chassis No. NZE121-3185873, Engine No. 1NZ-A735132, Model 2003.

    58. Toyota Probox Car, Chassis No. NCP51-0208603, Model 2008.

    59. Toyota Fielder Car, Chassis No. NZE121-3391952, Engine No. 1NZFE, 1496-CC, Model 2006.

    60. Toyota Hilux Surf, Chassis No. VZN185-0234248, Model 1999.

    61. Toyota Premio Car, Chassis No. ZRT260-3073025, Model 2010.

    62. Toyota Corolla G Car, Chassis No. NZE121-3201930, Engine No. A-814419, Model 2003.

    63. Toyota Vitz Car, Chassis No. NCP10-0171543, Engine No. 2NZFE, 1300-CC, Model 2002.

    64. Suzuki carry pickup, Chassis No. DC51T-405455, Model 1995.

    65. Toyota Vitz Car, Chassis No. NCP10-0185065, Model 2002.

    66. Toyota Vitz Car, Chassis No. KSP90-5110191, Model 2007.

    67. Toyota Probox Car, Chassis No. NCP51-0136114, Model 2006.

    68. Toyota Corolla Car, Chassis No. NZE121-3373033, Engine No. 1NZFE, 1500-CC, Model 2006.

    69. Toyota Land Cruiser Prado TZ, Chassis No. GRJ151-0001901, 4000-CC, Model 2010.

    70. Motorcycle BMW GS650, Chassis No. WB10218029ZT33715, Model 2008.

    71. Toyota Crown Car, Chassis No. AWS210-6031519, Engine No. 2ARFSE, 2493-CC, Model 2013.

    72. Toyota Land Cruiser Prado, Chassis No. GRJ121-0001861, Model 2006.

    73. Toyota Corolla X Car, Chassis No. NZE121-3365014, Engine No. 1NZFE, Model 2006.

    74. Zamyad Pickup, Chassis No. NAZPL140TH0465216, Model 1987.

    75. Zamyad Pickup, Chassis No. NAZPL140TH0464684, Model 2017.

    76. Zamyad Pickup, Chassis No. NAZPL140TIL182834, Model 1996.

    77. Suzuki Alto Car, Chassis No. HA35S-123859, Engine No. R06A, Model 2012.

    78. Zamyad Pickup, Chassis No. NAZPL140TG0448036, Model 2016.

    79. Toyota Probox Car, Chassis No. NLP51-0002178, Engine No. 1NDTV, Model 2002.

    80. Toyota Fielder Car, Chassis No. NZE121-0263427, Engine No. FEC-013761, Model 2003.

    81. Toyota Succeed RHD Car, Chassis No. NCP51-0070762, Engine No. 1NZFE, Model 2004.

    82. Toyota Succeed RHD Car, Chassis No. NCP51-0070243, Engine No. 1NZFE, Model 2004.

    83. Suzuki Swift Car, Chassis No. ZC72S-130221, Model 2011.

    84. Toyota Succeed RHD Car, Chassis No. NCP58-0041261, Engine No. 1NZFE, Model 2005.

    85. Toyota Probox RHD, Chassis No. NCP51-0051331, Engine No. 1NZFE, Model 2003.

    86. Toyota Premio Car, Chassis No. ZRT260-3065800, Engine No.2ZRFAE, Model 2010.

    87. Toyota Premio Car, Chassis No. ZRT260-3078070, Engine No. 2ZRFAE, Model 2011.

    88. Toyota Axio Car, Chassis No. NZE141-6081610, Engine No. 1NZFE, Model 2008.

    89. Toyota Corolla G Car, Chassis No. NZE121-3027157, Engine No. 1NZA-117680, Model 2001.

    90. Diana Mazda Truck, Chassis No. WGLAD-173340, Engine No. 5H-24700, Model 1992.

    91. Toyota Corolla Axio Car, Chassis No. NZE141-6016512, Engine No. 1NZFE, Model 2007.

    92. Toyota Land Cruiser ZX, Chassis No. URJ202-4092686, Model 2015.

    93. Toyota Premio Car, Chassis No. ZRT260-3016564, Engine No. 1ZZFE, Model 2007.

    94. Toyota Vitz Car, Chassis No. SCP90-5152945, Engine No. 2SZFE, Model 2010.

    95. Toyota Passo Car, Chassis No. KGC30-0041958, Engine No. 1KRFE, Model 2010.

    96. Toyota Premio Car, Chassis No. ZZT240-0140939, Model 2007.

    97. Toyota Premio Car, Chassis No. NZT260-3057756, Engine No. 1NZFE, Model 2009.

    98. Toyota Haice Wagon 09 Seater, Chassis No. TRH112-5004427, Engine No. 1TRFE, Model 2003.

    99. Toyota Fielder X Car, Chassis No. NZE121-0231993, Engine No. 1NZFE, Model 2003.

    100. Toyota Fielder X Car, Chassis No. NZE121-0299371, Engine No. 1NZB-234993, Model 2004.

    101. Toyota Corolla G Car, Chassis No. NZE121-3211944, Engine No. 1NA8565, Model 2003.

    102. Toyota Camry Car, Chassis No. AVV50-1015767, Engine No. 2ARFXE, Model 2012.

    103. Toyota Aqua Car, Chassis No. NHP10-6146566, Engine No. 1NZFXE, Model 2013.

    104. Toyota Corolla G Car, Chassis No. NZE121-3215083, Engine No. 1NZA870887, Model 2003.

    105. Toyota Corolla G Car, Chassis No. NZE121-3352487, Engine No. 1NZFE, Model 2006.

    106. Toyota Vitz Car, Chassis No. SCP90-5165408, Engine No. 2SZFE, Model 2010.

    107. Toyota Vitz Car, Chassis No. SCP13-0012428, Engine No. 2SZFE, Model 2003.

    108. Toyota Vitz Car, Chassis No. SCP90-5147174, Engine No. 2SZFE, Model 2010.

    109. Suzuki Swift Car, Chassis No. ZC72S-113698, Engine No. K12B, Model 2010.

    110. Toyota Vitz Car, Chassis No. SCP13-0003605, Engine No. 2SZFE, Model 2003.

    111. Toyota Fielder X Car, Chassis No. NZE141-9164775, Engine No. 1NZ-744601, Model 2010.

    112. Toyota Fielder Car, Chassis No. NZE121-0204866, Engine No. 1NZFE, Model 2003.

    113. Toyota Premio Car, Chassis No. ZZT240-0143720, Model 2007.

    114. Toyota Yaris Vitz Car, Chassis No. NCP90-2067396, Engine No. 2NZFE, Model 2008.

    115. Toyota Yaris Vitz Car, Chassis No. JTDKT3D350D602147, Engine No. 1NZFE, Model 2015.

    116. Toyota Aqua Car, Chassis No. NHP10-2056769, Engine No. 1NZFXE, Model 2012.

    117. Toyota Premio Car, Chassis No. ZRT260-3074250, Engine No. 2ZRFAE, Model 2010.

    118. Toyota Crown Hybrid, Chassis No. GWS204-0003051, Engine No. 2GRFSE, Model 2008.

    119. Toyota Prius Car, Chassis No. ZVW30-0139252, Engine No. 2ZRFXE, Model 2010.

    120. Toyota Premio Car, Chassis No. ZRT261-3006058, Engine No. 3ZRFAE, 2000 CC, Model 2008.

    121. Toyota Land Cruiser V8, Chassis No. UZJ100-01418865, Engine No. 2UZFE, Model 2002.

    122. Toyota Passo Car, Chassis No. KGC30-0002259, Engine No. 1KRFE, Model 2010.

    123. Toyota Probox Car, Chassis No. NCP51-0208458, Engine No. 1NZFE, 1500 CC, Model 2008.

    124. Toyota Vitz Car, Chassis No. SCP10-0366252, Model 2002.

    125. Toyota Land Cruiser Prado, Chassis No. GRJ151-0001037, Engine No. 1GRFE, Model 2009.

    126. Toyota Passo Car, Chassis No. KGC30-0022329, Model 2010.

    127. Toyota Land Cruiser, Chassis No. UZJ200-5046616, Engine No. 2UZFE, Model 2009.

    128. Toyota Corolla G Car, Chassis No. NZE121-3356046, Engine No. 1NZFE, Model 2006.

    129. Toyota FJ Cruiser Jeep, Chassis No. JTEBU11F50K191372, Model 2014.

    130. Dodge Caliber, Chassis No. IB3C34HAIAD583828.

    131. Toyota Hilux Surf, Chassis No. VZN215-0007318, Model 2005.

    132. Toyota Vitz Car, Chassis No. SCP13-0039838, Model 2004.

    133. Suzuki Jimny, Chassis No. JB33W-116173, Engine No. M13A-1099828, Model 2000.

    134. Toyota Crown Majesta Car, Chassis No. GRS128-1006069, Engine No. 3GR-FSE, Model 2005.

    135. Toyota Vitz Car, Chassis No. SCP90-5087763, Engine No. 2SZFE, Model 2008.

  • SBP launches survey to analyze trends in remittances

    SBP launches survey to analyze trends in remittances

    KARACHI: State Bank of Pakistan (SBP) on Thursday launched a survey of Overseas Pakistanis to analyze recent trends in remittances and the future outlook.

    The central bank launched the survey in collaboration with Ministry of Planning, Development and Special Initiatives (MPD&SI).

    The survey will be available to all Overseas Pakistanis globally till January 9, 2021.

    The survey attempts to assess underlying factors that may have affected recent remittances behavior, including switching from informal to formal channels, from brick and mortar outlets to digital platforms, future plans of moving back to Pakistan, as well as the amount of remittances they expect to send in the next six months.

    With the support of the Ministry of Overseas Pakistanis and Human Resource Development (MOPHRD), Ministry of Commerce, Ministry of Foreign Affairs (MOFA) and Pakistan Remittance Initiative (PRI), this survey is being conducted simultaneously at Pakistani Consulates and Embassies, Overseas Bank Branches of Pakistani Banks as well as online.

    SBP and MPD&SI encourage Overseas Pakistanis to actively participate in this short online survey. The survey is very easy to access through the following web link: https://surveyctosbp.surveycto.com/collect/survey_on_recent_remittance_behavior_of_overseas_pakistanis?caseid

  • ECC approves issuance of $500 million Eurobonds

    ECC approves issuance of $500 million Eurobonds

    The Economic Coordination Committee of the Cabinet (ECC) convened on Thursday and granted preliminary approval for the issuance of $500 million Eurobonds, marking a significant move to secure financial resources for critical national projects.

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