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Sohail Sarfraz

Markets

SECP proposes exemption of ST from health, life insurance

The Securities and Exchange Commission of Pakistan (SECP) has strongly proposed exemption of sales tax from health and life insurance on permanent basis. The SECP Annual Report (2019) issued here on Friday disclosed that the SECP had taken up the issue of
Published 29 Feb, 2020 12:00am
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FTO tells FBR to pay refund claims in 72 hours

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that it must take all needful steps and measures to ensure that refund claims of exporters are processed and paid in 72 hours of submission of claim under the FASTER refund sy
Published 28 Feb, 2020 12:00am
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Sugar 'cartelization': Probe body may co-opt CCP as member

The committee formed by Prime Minister Imran Khan to probe the recent sugar crisis, may co-opt the Competition Commission of Pakistan (CCP) as a member, to use its expertise in finding out whether or not there was 'cartelization' behind the crisis. The pr
Published 23 Feb, 2020 12:00am
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Reshuffle of Customs officials: FBR reverses major policy

Reversing a major policy concerning reshuffling of Customs officials, the Federal Board of Revenue (FBR) on Friday, allowed officers (inspectors/intelligence officers) of BS-16 and others BS-1 to 15 officials (transferred during 2019) to apply for transfe
Published 22 Feb, 2020 12:00am