Pakistan Revenue
KARACHI: The State Bank of Pakistan (SBP) on Thursday reduced the requirement of Statutory Liquidity Reserve (SLR) for exchange companies from 25 percent to 15 percent in order to channelize home remittances and foreign exchange. In a statement the central bank said it had revised SLR requirement of exchange companies from 25 percent to 15 […]
Continue Reading
KARACHI: The State Bank of Pakistan (SBP) on Thursday cancelled the license of an exchange company for violation the regulatory provisions. The SBP said it cancelled the license of M/s Karwan Exchange Company ‘B’ (Pvt.) Limited on account of violations of SBP’s regulations. The said exchange company, including its head office and branches have been […]
Continue Reading
KARACHI: Deterioration in Pak Rupee continued on Thursday owing to demand for import and corporate payments.
Continue Reading
KARACHI: The State Bank of Pakistan (SBP) for the first time issued annual schedule for announcement of monetary policy, a statement said on Thursday. The SBP said that taking another step towards making the process of monetary policy formulation more predictable and transparent, the State Bank of Pakistan (SBP) has decided to begin announcing a […]
Continue Reading
The Federal Board of Revenue (FBR) has issued a directive to officers of the Inland Revenue Service (IRS) to submit their performance reports in preparation for the upcoming promotion committee meetings.
Continue Reading
KARACHI: Pakistan Yarn Merchants Association (PYMA) on Wednesday urged the tax authorities to extend the date for payment of sales tax and filing monthly return for the period April 2021. In a joint statement, Hanif Lakhany, Vice President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and PYMA Senior Vice Chairman and Farhan Ashrafi, […]
Continue Reading
KARACHI: Karachi Tax Bar Association (KTBA) on Wednesday strongly condemned Israeli barbaric attacks on innocent Palestinians and demanded immediate halt of barbaric attacks in Gaza. KTBA President Muhammad Zeeshan Merchant, while leading the protest rally, expressed deep anger over the current violent Israeli atrocities on the innocent Palestinians. Showing solidarity with the Palestinian people, the […]
Continue Reading
KARACHI: The benchmark KSE-100 index ended down by 300 points on Wednesday on reports of rift in ruling party, analysts said. The index closed at 45,682 points as against previous day’s closing of 45,982 points, showing a decline of 300 points. The analysts at Arif Habib Limited said that the market turned negative today which […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued guidelines for recruitment against vacant posts (BS-1 to BS-5) in the Inland Revenue Department. The FBR advertised the vacant posts in BS-01 to BS-05 on May 09, 2021. The authorities had advised the candidates to submit their applications directly to the concerned IR field offices by […]
Continue Reading
KARACHI: Engro Corporation, Pakistan’s premier conglomerate, has selected Honeywell UOP and W. R. Grace & Co. as technology partners to use their licensed process technology for the $1.5 billion, 750,000 Propane Dehydrogenation (“PDH”) and Polypropylene (“PP”) production facility, that would make Pakistan a self-sufficient producer of Polypropylene, a statement said on Tuesday. Polypropylene resin is […]
Continue Reading