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Sohail Sarfraz

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GST harmonization: IMF for setting up JWG

The Intern-ational Monetary Fund (IMF) has recommended Pakistan to establish a joint working group comprising Center and provinces to provide recommendations on General Sales Tax (GST) harmonization to be approved by the Council of Common Interests (CCI)
Published 24 Dec, 2019 12:00am
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NAB erred in interpreting appointments: Mirza

Securities and Exchange Policy Board (SEPB) Chairman Khalid Mirza Saturday said that the Chairman National Accountability Bureau (NAB) has incontrovertibly erred and would do well to retract his direction for the holding of an inquiry into misuse of autho
Updated 22 Dec, 2019 11:41pm
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FBR chief writes letter to heads of banks

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has written a letter to heads of banks, specifying that the tax department would seek information about banks' customers through adoption of special procedures and format.
Published 21 Dec, 2019 12:00am
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Deadline for filing tax returns extended till December 31

After the circulation of an unverified circular on the date extension on social media, the FBR late Monday night extended the date for filing of Income Tax returns/statements for the Tax Year 2019 for individuals and Associations of Persons (AoPs) up to D
Published 17 Dec, 2019 12:00am
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Wheat flour body involved in fixing prices: CCP

The Competition Commission of Pakistan (CCP) has found that the wheat flour association was involved in fixing prices of wheat flour and sharing commercially sensitive information and strategic data among its members.
Published 16 Dec, 2019 12:00am
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Licensed entities: Adjudication division given certain powers

The Securities and Exchange Commission of Pakistan (SECP) has delegated powers and functions of the SECP Act 1977 to the Commissioners, Head of Department and Head of Wings of Adjudication Department-I of the Adjudication Division pertaining to the licens
Published 15 Dec, 2019 12:00am