KARACHI: A significant share of the unreported gains finds its way to the country’s property market, which is characterized by low regulatory oversight and absence of concrete know-your-customer requirements, State Bank of Pakistan (SBP) said on Tuesday in a report.
(more…)Author: Mrs. Anjum Shahnawaz
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Sindh Revenue Board introduces e-hearing for taxpayers facilitation
KARACHI: Sindh Revenue Board (SRB) has introduced e-hearing of appeals in order to provide facilitation to taxpayers of Hyderabad and Sukkur regions.
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Circular Debt: ECC allows raising Rs200 billion Islamic term finance facility
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FPCCI welcomes decision for making Torkham Border operational
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its approval of the government’s decision to make the Torkham Border operational around the clock.
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FBR issues procedure for regularization of unregistered mobile devices
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Eliminating all tax exemptions, concessions planned
KARACHI: The government considering to withdraw all types of tax exemptions and concessions during next few years.
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Income Tax Ordinance 2001: Due date for payment of tax
KARACHI: Federal Board of Revenue (FBR) has explained the due date for payment of tax under Section 137 of Income Tax Ordinance, 2001.
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Repatriation of profit, dividend by foreign companies in Pakistan surges by 58 percent
The State Bank of Pakistan (SBP) has reported a substantial increase of 58 percent in the repatriation of profits and dividends by foreign companies operating in Pakistan during the first half of the current fiscal year.
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Alvi assures support for growth of Islamic Finance
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FBR notifies promotion of 22 Customs officers to BS-20 and BS-21