Apr 1

SECP announces relief for corporate sector to dilute coronavirus impact

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday announced regulatory relief for corporate sector in order to dilute impact of coronavirus. The SECP said that considering the gravity of the pandemic coronavirus (COVID-19) on the public health and the lockdown situation in the country, the companies are facing various difficulties while ensuring compliance […]

by Mrs. Anjum Shahnawaz

FBR appeals taxpayers pay duty, taxes to help government fight against coronavirus

Mar 31

Taxation

FBR appeals taxpayers pay duty, taxes to help government fight against coronavirus

ISLAMABAD: Federal Board of Revenue (FBR) has appealed taxpayers to pay their duty and taxes in order to help the government to fight against coronavirus pandemic. In a statement on Tuesday the FBR appealed the taxpayers to pay their due taxes in time to increase the revenue resource of the government. The government will utilize […]

by Mrs. Anjum Shahnawaz

Mar 31

Corporate

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 […]

by Mrs. Anjum Shahnawaz

PM Corona Relief Fund set up; source of money not to be asked

Mar 30

National

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 […]

by Mrs. Anjum Shahnawaz

FBR seeks exemption for its officials during coronavirus lockdown

Mar 30

Taxation

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 […]

by Mrs. Anjum Shahnawaz

Commissioner (Appeals) barred from issuing adverse orders

Mar 29

Taxation

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 […]

by Mrs. Anjum Shahnawaz

DP World takes precautions for consignment clearance at QICT to prevent COVID-19 spread

Mar 25

Ports and Shipping

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).

by Mrs. Anjum Shahnawaz

Pakistan imposes ban on export of surgical masks, sanitizers

Mar 25

National

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.

by Mrs. Anjum Shahnawaz

Pak Suzuki stops factory, sales operations

Mar 24

Automotive, Corporate

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.

by Mrs. Anjum Shahnawaz

SBP directs banks to operate branches with minimum staff during fight against coronavirus

Mar 23

Money & Banking

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. The SBP said that all branches/ work places will remain open, throughout Pakistan with bare minimum staff for ensuring the continuity of essential banking services. Under […]

by Mrs. Anjum Shahnawaz