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Sohail Sarfraz

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July-December: ST collection shows 'remarkable' growth: FBR

Federal Board of Revenue (FBR) Member IR Policy Hamid Ateeq Sarwar on Wednesday said that the sales tax collection during (July-December) 2019-20 has shown remarkable growth of 25 percent as compared to same period of the last fiscal year.
Published 02 Jan, 2020 12:00am
Print

Cash currency smuggling: Proposed law seeks to increase penalties

The government has promulgated Tax Laws (Second Amendment) Ordinance 2019 for major increase in penalties on cash currency smuggling, ranging from $10,000- $200,000 and above, up to fine of ten times of value of currency and imprisonment up to 14 years de
Published 02 Jan, 2020 12:00am
Business

FBR collects Rs 2.08 trillion in H1

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Tuesday said the FBR has collected Rs 2,080 billion for the half year ended December 31, 2019. This is higher by 16 percent over last year for the same period.
Published 01 Jan, 2020 12:00am
Print

SECP chief delineates digitalization roadmap for startups

Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan Saturday shared the roadmap for SECP's end-to-end digitalization for encouraging new startups and investors through improved access to finance, ease of doing business, reducing cost
Published 29 Dec, 2019 12:00am
Print

Public Offering Regulations, 2017: SECP unveils certain amendments

The Securities and Exchange Commission of Pakistan (SECP) has issued certain amendments to the Public Offering Regulations, 2017 to promote capital formation by facilitating issuers, reducing the cost of an IPO and safeguarding the interest of general pub
Published 28 Dec, 2019 12:00am
Markets

Insider trading: SECP appellate bench members divided

A larger appellate bench of the Securities and Exchange Commission of Pakistan (SECP) was divided over framing a major case of insider trading in the shares of a banking company, as two SECP Commissioners established case of insider trading whereas third
Published 27 Dec, 2019 12:00am
Pakistan

CCP recommends ban on stubble burning

The Competition Commission of Pakistan (CCP) has observed that acute shortage of wheat straw in the country has adversely affected the paper, dairy and meat industries and recommended a complete ban on the burning of wheat straw in the fields and use of i
Published 27 Dec, 2019 12:00am