Lahore High Court (LHC) has directed the federal government to introduce legislation in the Sales Tax Act, 1990 to safeguard… Read More
Refund Claims: FTO Recommends FBR to Classify RPOs As Exchangeable Payment Instruments
A Federal Tax Ombudsman (FTO) research analysis of the Federal Board of Revenue’s (FBR) refunds recommended that the Refund Payments… Read More
SC Instructs Lower Courts to Expedite Matter of Deemed Income Tax On Immovable Properties
The Supreme Court (SC) has issued instructions to the High Courts to expeditiously decide the matter of tax on a… Read More
Govt Assures IMF It Will Stay Away From Interfering in Anti-Corruption Agencies Like NAB
Pakistan has assured the International Monetary Fund (IMF) that it will end political interference in anti-corruption entities including the National… Read More
SBP Asks Banks To Adopt Shariah Standards and Practices of AAOIFI
State Bank of Pakistan (SBP) directed Islamic banks and financial institutions to adopt the Shariah standards and practices defined by… Read More
PTA Amends SOPs For Selling Mobile Phone SIMs
In a groundbreaking move to tackle the rise of illegal activities related to mobile SIMs, the Pakistan Telecommunication Authority (PTA)… Read More
FBR to Unveil ‘Tajir Doost’ Mobile App for Documentation of 3.2 Million Retailers
The Federal Board of Revenue (FBR) has finalized a new mobile phone application in the name of “Tajir Doost” for… Read More
SBP to Impose New Restrictions on US Dollar Purchase Along With Compulsory Biometric Verification
The State Bank of Pakistan (SBP) has come up with a plan to make biometric verification mandatory for purchasing $500… Read More
Power Sector Reforms in Full Swing to Impress IMF
The Power Division has issued guidelines for the recruitment of professionals at government-run Electricity Distribution Companies (DISCOs) in tandem with… Read More
FBR Allows Tax Adjustments On Over 700 Items Used By Five Leading Export Sectors
The Federal Board of Revenue (FBR) has excluded a number of items from the negative list and allowed input tax… Read More
FBR Takes Notice of Field Formations Not Updating Tax Officer Profiles
The Federal Board of Revenue (FBR) has expressed serious concern over the delay in the updation of data on the… Read More
Lotte Chemical Pakistan Ltd Suspends Operations For 10 Days
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has suspended plant operations from 15 January to 24 January, the company informed the… Read More
