Federal Tax Ombudsman (FTO) has confirmed that certain importers have established ‘shell corporations’ in Dubai to manage under-invoicing of goods imported… Read More
SECP Revises Financial Resource Requirements for Futures Exchange License
The Securities and Exchange Commission of Pakistan (SECP) has revised the financial resource requirements for the new applicants seeking license… Read More
Inflation Rises to 13.4% in April 2022
The Consumer Price Index (CPI) based inflation increased by 13.4 percent on year-on-year (YoY) basis in April 2022 as compared… Read More
Pakistan and Saudi Arabia to Discuss Augmenting $3 Billion Deposit
Pakistan and Saudi Arabia will discuss the possibility of augmenting the $3 billion deposit with the Asian country’s central bank… Read More
PTA to Procure Automated QoS Monitoring and Benchmarking System
Pakistan Telecommunication Authority (PTA) has decided to procure automated Quality of Service (QoS) monitoring and benchmarking system to benchmark voice,… Read More
BankIslami Records 34% Growth in Profit During Q1 2022
BankIslami Pakistan Limited posted a profit of Rs. 522 million for the quarter ended March 31, 2022, depicting a growth… Read More
Railways Minister Expresses Concern Over Lack of Progress on ML-1
Federal Minister for Railways Khawaja Saad Rafique presided over meetings on the current status of ML-1, development plans of railways,… Read More
FBR Chairman Bars Taxmen from Private Practice
Federal Board of Revenue (FBR) Chairman Asim Ahmed has issued the first enforcement directive to the Inland Revenue officers to abstain themselves… Read More
FBR Registers 28.6% Tax Collection Growth During July-April FY22 Despite Massive Tax Relief
The Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the months July-April of the current… Read More
SECP Proposes Changes to Bring Transparency in Capital Formation
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process of… Read More
FBR to Conduct Cost Audit of Agricultural Tractor Manufacturers
The Federal Board of Revenue (FBR) has decided to engage third-party auditors to conduct the cost audit of registered agricultural… Read More
Banks Not Responsible for AML/CFT Obligations of Regulated Financial Institutions: SECP
Banks are not responsible for anti-money laundering and countering the financing of terrorism (AML/CFT) obligations of the financial institutions regulated… Read More
