SBP imposes mark lien on delayed export inflows
The State Bank of Pakistan (SBP) has imposed a mark on lien for exporters who fail to realize export money within the prescribed time frame.
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Category: Trade & Industry
PBC raises concerns over proposed requirement of beneficial owner records
The Pakistan Business Council (PBC) has raised concerns over the Federal Board of Revenue’s (FBR) SRO 229(I)/ 2023, which requires companies and foreign investors to maintain records of beneficial owners, despite the comprehensive documentation already mandated by the Securities and Exchange Commission of Pakistan (SECP).
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Property prices register 15% decline owing to heavy taxes, political uncertainty
Industry sources have reported a decline of around 15% in the prices of immovable properties during the first three months of 2023 due to the imposition of new taxes and political uncertainty.
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Bank borrowing by private sector plunges by 77% in Pakistan
Bank borrowing by Private sector in Pakistan has plunged by over 77 per cent during eight and half months of the current fiscal year when compared with the same period of the last fiscal year.
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FPCCI expresses concerns over gap in consultative process by authorities
Suleman Chawla, the Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed concerns about the lack of direction and consultative process between the government and the business community in Pakistan.
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SBP withdraws cash margin requirements on imports from March 31
KARACHI: State Bank of Pakistan (SBP) on Friday announced to withdraw cash margin requirements on imports from March 31, 2023.
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Pakistan textile exports plunge by 30% in February 2023
KARACHI: Textile exports of Pakistan have plunged by 30 per cent in February 2023 owing to challenging economic scenario of the country.
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DG Rangers assures industrialists of resolving law, order issues
KARACHI: Director General Pakistan Rangers Sindh, Major General Azhar Waqas (Hilal Imtiaz Military) has assured all possible cooperation to the industrialists of North Karachi industrial area,
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Karachi Chamber issues advisory for membership renewal
Karachi Chamber of Commerce and Industry (KCCI) on Friday issued advisory to its members for renewal of membership.
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KTBA elects office bearers, EC members for 2023
Karachi: The Karachi Tax Bar Association (KTBA) held its 66th Annual General Meeting on March 16, 2023, during which it elected new office bearers and members of the executive committee for the term 2023.
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