Feb 27

FBR collects Rs1.53 billion as withholding tax from new car sales, registration

KARACHI: The tax authorities have collected Rs1.53 billion as withholding tax from new car sales and registration during seven months (July – January) of the current fiscal year. The Inland Revenue offices of the Federal Board of Revenue (FBR) located in Karachi have collected Rs1.53 billion as withholding tax on new car sales and registration […]

by Mrs. Anjum Shahnawaz

Pakistan, Saudi Arabia agree to enhance duty, tax cooperation

Feb 27

Taxation

Pakistan, Saudi Arabia agree to enhance duty, tax cooperation

ISLAMABAD: Pakistan and Saudi Arabia have agreed to promote cooperation in the fields of duty and taxes to facilitate bilateral trade. In this regard, Ambassador of Saudi Arabia in Pakistan, Nawaf Saeed Al-Malikey here on Saturday had a call on meeting with Chairman Federal Board of Revenue (FBR), Muhammad Javed Ghani during which matters of […]

by Mrs. Anjum Shahnawaz

Feb 27

Stock & Commodity

Weekly Review: market likely to trade in green on stability

KARACHI: The stock market likely to trade in green as clouds of FATF-led uncertainty have dispersed besides ceasefire at Line of Control (LOC) may further boost investors’ sentiments. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming weeks as clouds of FATF-led uncertainty have dispersed and with only 3 […]

by Mrs. Anjum Shahnawaz

Bank branch manager defrauds 29 customers

Feb 27

Money & Banking

Bank branch manager defrauds 29 customers

KARACHI: During investigation of a case before the Banking Mohtasib Pakistan, a bank revealed that one of its branch manager committed fraud of an amount Rs30 million involving 29 customers. According to annual report 2020 issued by Banking Mohtasib Pakistan on February 25, 2021, a case was lodged in which a complainant stated that he […]

by Mrs. Anjum Shahnawaz