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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,360
6524hr
Pakistan Cases
1,029,811
4,95024hr
8.46% positivity
Sindh
380,093
Punjab
356,211
Balochistan
30,289
Islamabad
87,304
KPK
143,673

Sohail Sarfraz

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ATIR explains what constitutes bad debt

Appellate Tribunal Inland Revenue (ATIR) has ruled that a bad debt is a debt which is uncollectable and a permissible deduction for tax purposes in arriving at taxable income under the Income Tax Ordinance 2001. It is reliably learnt that ATIR, while dism
Published 11 Mar, 2019 12:00am
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SECP Board approves amendments to various rules

The Securities and Exchange Commission of Pakistan (SECP) Policy Board has given approval to several proposed amendments to the SECP Act, 1997, Public Sector Companies (Corporate Governance) Rules, 2013, NCCPL Regulations as well as the Pakistan Stock Exc
Published 06 Mar, 2019 12:00am
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SECP, CCP for setting up of 'Real Estate Regulatory Authority'

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of 'Real Estate Regulatory Authority' to work as a regulatory body to coordin
Published 03 Mar, 2019 12:00am
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SECP, CCP for setting up of ''Real Estate Regulatory Authority''

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of ''Real Estate Regulatory Authority'' to work as a regulatory body to coord
Published 03 Mar, 2019 12:00am
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SECP, CCP for setting up of 'Real Estate Regulatory Authority'

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of 'Real Estate Regulatory Authority' to work as a regulatory body to coordin
Published 03 Mar, 2019 12:00am
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FBR compiling lists of media personalities, real estate tycoons

The Federal Board of Revenue (FBR) is compiling lists of media personalities and real estate tycoons in cases where declared income does not match with their lifestyles. Sources told Business Recorder here on Friday that the FBR has issued instruct
Published 02 Mar, 2019 12:00am
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FBR compiling lists of media personalities, real estate tycoons

The Federal Board of Revenue (FBR) is compiling lists of media personalities and real estate tycoons in cases where declared income does not match with their lifestyles. Sources told Business Recorder here on Friday that the FBR has issued instruct
Published 02 Mar, 2019 12:00am
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FBR compiling lists of media personalities, real estate tycoons

The Federal Board of Revenue (FBR) is compiling lists of media personalities and real estate tycoons in cases where declared income does not match with their lifestyles. Sources told Business Recorder here on Friday that the FBR has issued instruct
Published 02 Mar, 2019 12:00am
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July-February 2018-19: Rs 237 billion shortfall in collection

The Federal Board of Revenue's (FBR) provisional revenue collection stood at Rs 2,328 billion during July-February (2018-19) period against the assigned target of Rs 2,565 billion for the first eight months of the current fiscal year, reflecting a shortfa
Published 01 Mar, 2019 12:00am
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Tinplates dumping: IHC tells NTC, manufacturer to file comments

Islamabad High Court (IHC) has directed the National Tariff Commission (NTC) and a domestic sole manufacturer of tinplate to file comments on the issue of imposition of provisional anti-dumping duties on dumped imports of tinplate into Pakistan from China
Published 01 Mar, 2019 12:00am
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July-February 2018-19: Rs 237 billion shortfall in collection

The Federal Board of Revenue's (FBR) provisional revenue collection stood at Rs 2,328 billion during July-February (2018-19) period against the assigned target of Rs 2,565 billion for the first eight months of the current fiscal year, reflecting a shortfa
Published 01 Mar, 2019 12:00am
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Tinplates dumping: IHC tells NTC, manufacturer to file comments

Islamabad High Court (IHC) has directed the National Tariff Commission (NTC) and a domestic sole manufacturer of tinplate to file comments on the issue of imposition of provisional anti-dumping duties on dumped imports of tinplate into Pakistan from China
Published 01 Mar, 2019 12:00am
Print

July-February 2018-19: Rs 237 billion shortfall in collection

The Federal Board of Revenue''s (FBR) provisional revenue collection stood at Rs 2,328 billion during July-February (2018-19) period against the assigned target of Rs 2,565 billion for the first eight months of the current fiscal year, reflecting a shortf
Published 01 Mar, 2019 12:00am
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FBR to serve notices on 100 celebrities

The Federal Board of Revenue (FBR) will serve notices on around 100 celebrities and prominent personalities including some politicians, persons belonging to showbiz, players and others high net worth individuals. Sources told Business Recorder here
Published 28 Feb, 2019 12:00am
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FBR to serve notices on 100 celebrities

The Federal Board of Revenue (FBR) will serve notices on around 100 celebrities and prominent personalities including some politicians, persons belonging to showbiz, players and others high net worth individuals. Sources told Business Recorder here
Published 28 Feb, 2019 12:00am
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FBR to serve notices on 100 celebrities

The Federal Board of Revenue (FBR) will serve notices on around 100 celebrities and prominent personalities including some politicians, persons belonging to showbiz, players and others high net worth individuals. Sources told Business Recorder here
Published 28 Feb, 2019 12:00am
Markets

SECP''s directive to brokers, insurers and NBFCs

The securities brokers, futures brokers, insurers, Takaful operators, non-banking finance companies (NBFCs) and Modarabas would be required to submit annual compliance assessment checklist to the Securities and Exchange Commission of Pakistan (SECP) to de
Published 27 Feb, 2019 12:00am