President of Pakistan Dr. Arif Alvi has assured the support for the growth of Islamic Finance as the first meeting of reconstituted Ninth National Finance Commission (NFC) will be held on February 06, 2019, sources said on Monday.
(more…)Author: Mrs. Anjum Shahnawaz
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Bill to further empower FBR to tighten noose around undisclosed offshore assets
ISLAMABAD – The Federal Board of Revenue (FBR) has announced a significant move to enhance its authority in dealing with undisclosed offshore assets, as outlined in the proposals of the Finance Supplementary (Second Amendment) Bill, 2019.
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FBR asks business community to suggests measures to stop tax fraud
The Federal Board of Revenue (FBR) has reached out to the business community, urging them to propose measures aimed at eliminating tax evasion, counterfeit invoices, and plugging existing loopholes in the tax system.
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Engro Vopak takes steps for women empowerment
KARACHI: Engro Vopak Terminal Limited in partnership with CIRCLE Women, a social enterprise focused on women’s economic empowerment, held Tech Karo’s Closing Ceremony on Monday, at the Karachi School of Business and Leadership.
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Rupee gains in early trading
In a positive turn of events for the Pakistani economy, the Pak Rupee gained three paisas against the US dollar in the interbank market during early trading on Monday.
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Auction of 26 luxury vehicles of PM House on Jan 28
ISLAMABAD: An auction of luxury vehicles of the Prime Minister House will be held on January 28, 2019 at the Islamabad Dry Port, according to a notification.
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Reform package exempts withholding tax for rupee accounts receiving foreign remittances
KARACHI: The new reform package has allowed exemption from collection of withholding tax on cash withdrawals from a bank account maintained in local currency where deposits are made through foreign remittances.
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Bill proposes valuation in US Dollar for imported mobile phones to collect smart phone levy
KARACHI – The Finance Supplementary (Second Amendment), 2019 has introduced a proposed overhaul in the valuation and levy structure for imported mobile phones, shifting from Pakistani Rupees to US Dollars.
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