The Federal Board of Revenue (FBR) has issued instructions regarding the mode and manner for payment of tax under section… Read More
FBR Urged to Offer Online Declaration Option Through IRIS
The Federal Board of Revenue (FBR) has been urged to integrate data from court proceedings with the online declaration form… Read More
Global Digital Media Giants Raise Concerns Over Pakistan’s First Ever Data Protection Bill
The Asia Internet Coalition (AIC) comprising global digital media giants raised several questions on “Pakistan Draft Data Protection Bill 2023”,… Read More
Parliamentary Panel Refers Matter of Imported Vintage Cars to Commerce Committee
The Senate Standing Committee on Finance and Revenue on Thursday referred the matter of imported vintage cars to the Commerce… Read More
SBP Designates Domestic Systemically Important Banks for 2023
The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2023 under the Framework for… Read More
Gerry D’nata and Other Airport Services Fined for Clearing Helicopter Parts Without Permission
Customs Appellate Tribunal Islamabad has imposed a hefty penalty on Gerry D’nata and other airport services for fraudulent clearance of… Read More
Summit Bank is Now Called Bank Makramah Ltd.
The State Bank of Pakistan has granted its consent to Summit Bank Limited (PSX: SMBL) to change the bank’s name… Read More
Court Clears CEO LMKT from E-Services Project Case
The Special Judge Central Islamabad has acquitted the accused CEO of LMKT Atif Rais Khan, in the E-Services Project case.… Read More
Offshore Shareholders Move to Acquire Direct Stake in K-Electric
The biggest shareholder of KES Power Limited, IGCF SPV 21 Limited, has declared its intention to acquire a direct holding… Read More
FTO Issues Guiding Policy for FBR to Ensure Smooth Flow of Remittances
Federal Tax Ombudsman (FTO) has issued a guiding policy to the Federal Board of Revenue (FBR) for dealing with overseas… Read More
Public Accounts Committee Shelves Case of $3 Billion TERF Loans
A meeting of the Public Accounts Committee (PAC) was held under the chairmanship of Member of National Assembly (MNA) Noor… Read More
FBR’s Property Valuation Rates are Revising Upwards Starting August
After an increase in withholding taxes on buying and selling of immovable properties from July 1, 2023, the Federal Board of Revenue… Read More
