ISLAMABAD: A person can share information of tax evasion and get monetary reward for the disclosure from Federal Board of Revenue (FBR) provided that the informer should be registered with a tax authority for the purpose. According to Income Tax Rules, 2002 a procedure has be laid down for registration of an informer. According to […]
KARACHI: The State Bank of Pakistan (SBP) has said it can revoke license of any exchange company in case the central bank has been provided with false, misleading or inaccurate information by or on behalf of the exchange company. According to Exchange Company Manual, the SBP has the right to revoke a license of an […]
KARACHI: Business community has demanded Prime Minister Imran Khan to withdraw the decision to increase in power tariff hike and shutting down the captive power plants because such decision would sabotage efforts of the government to enhance the exports. Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, […]
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, have signed a Memorandum of Understanding (MoU), a statement said on Saturday. As per this MoU, KCCI members can avail up to 35% discount on services (data, voice and devices) offered […]
KARACHI: The stock market is likely to stay in green during the next week owing to the central bank decision to keep policy rate intact at 7 percent. Analysts at Arif Habib Limited hoped that the market to trade in green due to i) Central bank keeping policy rate unchanged while also hinting at status […]
ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued rules to reward tax officials and informers on detection and recovery of evaded amount. The FBR issued SRO 78(I)/2021 and said that officers and staff deputed to exercise powers, enforce and/or perform functions and duties in designated entities under the specified statutes and informers or whistleblowers. […]