State Bank of Pakistan (SBP) has imposed heavy penalties, amounting to Rs. 184 million, on four banks for violation of… Read More
FBR Introduces Three Schemes for Shopkeepers, Businesses & Traders
The Federal Board of Revenue (FBR) has rolled out three schemes to facilitate the retailers and small traders in complying… Read More
FBR Warns Buyers to Ask for Registration Number If Seller Charges Sales Tax on Purchases
The Federal Board of Revenue (FBR), in its circular, has clarified that sales tax can only be recovered from the… Read More
Foreign Firms Lose Rs. 757 Billion Annually Due to Intellectual Property Violations in Pakistan
Because of smuggling, counterfeiting, and violation of intellectual property rights, foreign companies incur a loss of Rs. 757 billion every… Read More
Govt Finalizes E-Commerce Policy Framework for Online Stores in Pakistan
The federal government has finalized E-commerce policy framework to create an enabling environment for holistic growth of e-commerce across all… Read More
SECP Bans Two Companies Involved in Illegal Leasing Schemes
SECP has issued a sanction for filing of winding-up petition under the Companies Act, 2017 with respect to Pak Memon… Read More
SBP Issues SOPs to Banks for Politicians’ New Accounts
In order to ensure fair and equitable treatment of bank customers, particularly the politicians, the State Bank of Pakistan (SBP)… Read More
SECP Issues Search and Seizure Rules for Property Raids
The Securities and Exchange Commission of Pakistan (SECP) has issued its Search and Seizure Rules 2019. The Securities and Exchange… Read More
FBR Wants Non-Filers to be Refused New Electricity and Gas Connections
The Federal Board of Revenue (FBR) has requested the Ministry of Power to refuse utility connections to income tax non-filers.… Read More
FBR to Introduce a Single Tax Portal for Filers
The Federal Board of Revenue (FBR) and the four provinces have decided to launch a single online portal for taxpayers… Read More
FBR to Launch an Automated System for Tax Exemption Certificates
The Federal Board of Revenue (FBR) has proposed an automated system for the issuance of exemption certificates to importers of… Read More
Textile Mills Announce Shutter-Down Strike Against Reapplication of Normal Sales Tax
Traders from All Pakistan Textile Processing Mills Association (APTPMA) have announced a strike in four major cities in Pakistan. 600… Read More
