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

Feb 26

Stock & Commodity

Stock market falls by 101 points amid rang bound trading

KARACHI: The stock market fell by 101 points on Friday after trading in range bound activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,865 points as against last day’s closing of 45,966 points showing a decline of 101 points. Analysts at Arif Habib Limited said that the market […]

by Mrs. Anjum Shahnawaz

Feb 26

Pakistan Customs

13 Customs officers promoted to BS-20

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of 13 officers of Pakistan Customs Service (PCS) from BS-19 to BS-20 on regular basis with immediate effect. Following Customs officers have been promoted to BS-20: 1. Hassan Saqib Sheikh 2. Masood Ahmed 3. Fayaz Rasool 4. Sanaullah Abro 5. Muhammad Tahir 6. Muhammad Saleem […]

by Mrs. Anjum Shahnawaz

Feb 26

Taxation

FBR promotes 24 IRS officers to BS-20

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of 24 officers of Inland Revenue Service (IRS) from BS-19 to BS-20 on regular basis with immediate effect. Following IRS officers have been promoted to BS-20: 1. Muhammad Safdar 2. Muhammad Abu Bakar Siddique 3. Ms. Tajamal Bilquis 4. Ms. Fauzia Adil 5. Dr. Razi-ur-Rehman […]

by Mrs. Anjum Shahnawaz

Feb 26

Taxation

10 IRS officers promoted to BS-21

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of 10 BS-20 officers of Inland Revenue Service (IRS) to BS-21 on regular basis with immediate effect. Following officers have been promoted to BS-21: 1. Tariq Mustafa Khan 2. Mir Badshah Khan Wazir 3. Malik Amjad Zubair Tiwana 4. Muhammad Azam Sheikh 5. Mehmood Hussain […]

by Mrs. Anjum Shahnawaz

FBR notifies promotions of Customs officers to BS-21

Feb 26

Pakistan Customs

FBR notifies promotions of Customs officers to BS-21

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of BS-20 officers of Pakistan Customs Service (PCS) to BS-21 on regular basis with immediate effect. Following officers have been promoted to BS-21: 1. Muhammad Iqbal Bhawana 2. Wajid Ali 3. Ms. Rabab Sikandar 4. Zulfiqar Younus 5. Ms. Shahnaz Maqbool 6. Ahmad Rauf 7. […]

by Mrs. Anjum Shahnawaz

SBP updates panel of chartered accountancy firms for audit of banks

Feb 26

Money & Banking

SBP updates panel of chartered accountancy firms for audit of banks

KARACHI: State Bank of Pakistan (SBP) has updated the list of panel of chartered accountancy firms for conducting audit of banking companies. The SBP through a circular issued on Friday informed that “RSM Avais Hyder Liaquat Nauman, Chartered Accountants’, listed in the Category ‘B’ of SBP’s Panel of Auditors is being upgraded to the Category […]

by Mrs. Anjum Shahnawaz

Rupee maintains recovery against dollar for five consecutive days

Feb 26

Money & Banking

Rupee maintains recovery against dollar for five consecutive days

KARACHI: The Pak Rupee maintained its recovery against the dollar for five consecutive trading days on Friday owing to optimism prevailed especially after FATF praised Pakistan for taking measures against money laundering and financing the terrorism. The rupee gained by 36 paisas to close at Rs158.10 to the dollar on Friday as compared with previous […]

by Mrs. Anjum Shahnawaz