ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday announced regulatory relief for corporate sector in order to dilute impact of coronavirus.
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FBR appeals taxpayers pay duty, taxes to help government fight against coronavirus
The Federal Board of Revenue (FBR) has issued a call to taxpayers, urging them to pay their duties and taxes promptly to support the government’s efforts in combating the coronavirus pandemic. This appeal, made in a statement on Tuesday, emphasizes the crucial role of tax revenue in bolstering the country’s resources during these challenging times.
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Philip Morris suspends operations
KARACHI: Philip Morris (Pakistan) Limited, a tobacco manufacturing company, has announced to suspend operations for indefinite period due to spread of coronavirus.
In a letter to Pakistan Stock Exchange (PSX) on Tuesday, the company said in compliance with directives of provincial governments to contain the spread of COVID-19 it has been decided to temporarily suspend operations of the company and its offices until further notice.
The company will inform the stock exchange when operation resume.
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PM Corona Relief Fund set up; source of money not to be asked
ISLAMABAD: Prime Minister Imran Khan on Monday set up a fund to generate money for helping people affected by coronavirus lockdown.
The fund has been set up at National Bank of Pakistan (NBP) at Karachi.
The prime minister in his address to the nation said that authorities would not ask source of the money donated to this fund.
Further, the money donated to this fund will also be tax exempted, he added.
The prime minister also constituted Tiger Force to fight coronavirus. He said that the force would go to affected areas due to lockdown and would provide food and other essential items.
The tiger force will also aware people about the coronavirus.
Imran Khan said that aged people and weak persons were more vulnerable to this virus. However, normal persons will have no threat from this virus and they can be recovered by self-quarantine.
He again said that Pakistan cannot afford lockdown in entire country and there is not comparison of Pakistan with other developed nations.
The prime minister said that around 80 to 90 people of Pakistan have not sufficient food for them. Any lockdown will further aggravate situation for them, he added.
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FBR seeks exemption for its officials during coronavirus lockdown
ISLAMABAD: Federal Board of Revenue (FBR) on Monday sought exemption for its officials during lockdown to prevent spread of coronavirus pandemic.
In a circular the FBR said that in view of the COVID-19 pandemic, the federal and provincial governments had introduced various measures to contain the spread of the virus, which included lockdowns across the country.
The FBR said that the personnel of essential services and few other agencies had been exempted from these lockdowns.
FBR, in this last quarter of the financial year, through its multiple field formations (Inland Revenue/Customs) across the country is making all out efforts to consolidate and ensure maximum revenue collection, the FBR said.
Needless to say, money/funds are urgently required by the federal and provincial governments to wage this war against the coronavirus pandemic.
The revenue body said in these circumstances, it is imperative that all field offices of FBR, engaged in revenue collection remain open and are fully operational.
However, due to the lockdowns enforced through the country, the officers and staff are unable to reach their offices and perform their duties.
This has therefore, critically effected the operational preparedness of this organization and is also adversely affecting the revenue collection.
The FBR asked all relevant federal and provincial agencies to exempt from lockdown the officers/staff of FBR who are in possession of permission letters from their respective chief commissioner-IR / Chief Collector Customs/Heads of Operational offices to reach their offices in order to perform their duties.
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Commissioner (Appeals) barred from issuing adverse orders
LAHORE: Punjab Revenue Authority (PRA) has barred commissioner appeals from issuing any adverse order against taxpayers, who failed to appear due to lockdown for prevention of coronavirus.
The PRA in an office order dated March 25, 2020 said that in view of the prevailing circumstances in the wake of coronavirus spread, no adverse orders may be passed due to non-appearance of any party, lawyer or authorized representatives, as the case may be, fixed for hearing before the Commissioner (Appeals), Punjab Revenue Authority with immediate effect and till further orders.
In another office order, the PRA said that in order to facilitate the taxpayers, lawyers, chartered accountants and tax consultants/authorized representatives because of the closure of office due to coronavirus outbreak, it has been urged upon the taxpayers to file their appeals before the Commissioner (Appeals), Punjab Revenue Authority electronically.
For this purpose, the taxpayers may submit their appeals through emails at [email protected]
The taxpayers have also been advised that the appeals may be filed/sent through courier or mail as well.
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DP World takes precautions for consignment clearance at QICT to prevent COVID-19 spread
KARACHI: DP World has issued advisory regarding precautionary measures against coronavirus (COVID-19) for clearance of consignments at Qasim Qasim International Container Terminal (QICT).
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Pakistan imposes ban on export of surgical masks, sanitizers
ISLAMABAD: Pakistan has imposed ban on export of surgical masks and hand sanitizers owing to mass spread of coronavirus.
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Pak Suzuki stops factory, sales operations
KARACHI: Pak Suzuki Motors Company Limited on Tuesday announced to stop operations in compliance with the government efforts to contain spread of coronavirus epidemic.
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SBP directs banks to operate branches with minimum staff during fight against coronavirus
KARACHI: State Bank of Pakistan (SBP) on Monday directed all banks to operate their branches with bare minimum staff during measures taken by the authorities to fight against coronavirus.
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