The Securities and Exchange Commission of Pakistan (SECP) Tuesday issued basic guidelines for performance evaluation of board of directors, chief executive officers and chief regulatory officers of companies.
The government is considering a proposal to allow export of washable cloth masks/anti-dust pollution masks, which are not currently banned under export policy restricting export of surgical masks or N-95 masks.
The government is expected to rationalise taxes on telecom sector in the coming budget (2020-2021) and review budget proposals of the Pakistan Telecom Authority (PTA) to harmonize service sales tax (SST) 19.5 percent and the federal excise duty (FED) 17 p
In a major move to expedite processing of sales tax refund claims of exporters, the Federal Board of Revenue (FBR) Monday directed the chief commissioners to immediately deploy all resources for completion of process during the current week, keeping in vi
Exporters are confident that Abdul Razak Dawood, advisor to the prime minister on commerce, will take up the issue of deferred sales tax refund claims with the tax authorities on Monday (today), during his visit to the Federal Board of Revenue (FBR).
The federal government is planning to promulgate a Tax Laws (Amendment) Ordinance, 2020 to implement the tax incentives package for the construction industry including immunity from disclosing the source of investment made in future projects to be execute
The Securities and Exchange Commission of Pakistan (SECP) on Friday relaxed major provisions of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 to facilitate the asset management companies during the coronavirus pandemic.
Given no apparent end in sight in the growing number of coronavirus cases across Pakistan, in an unprecedented move the Federal Board of Revenue (FBR) has started budget preparation exercise by seeking tax proposals from the chief commissioners and collec
Steel melting industry has expressed surprise over issuance of S.R.O. 295(I)/2020 by the Federal Board of Revenue (FBR) during the ongoing lockdown without any input of the industry, seeking additional information of electricity consumption in the monthly
The Federal Board of Revenue (FBR) will brief Advisor to Prime Minister on Commerce Abdul Razzak Dawood on Monday (April 13) at the FBR House about payment of refunds and customs duty drawback/rebates to exporters under the new centralized system.
The Federal Board of Revenue (FBR) will make it mandatory for different categories of integrated businesses and enterprises including hospitals, hotels/restaurants, medical practitioners/consultants, courier/cargo services, pathological laboratories, heal
The Federal Board of Revenue (FBR) has directed steel melting and re-rolling mills to submit consumer number of electricity meters and electricity units consumed during month (kWh) to collect actual excise duty in sales tax mode payable and verify electri
After replacement of the FASTER system with "queue" system for refund payments, certain field formations of the Federal Board of Revenue (FBR) are not following queue in processing of sales tax refunds to the exporters under the prime minister's package f
The Securities and Exchange Commission of Pakistan (SECP) will make mandatory for securities exchange, clearing house and central depository to obtain clearance from the commission, on the fit and proper of the directors prior to their appointment or elec
Welcoming the new chairperson Federal Board of Revenue (FBR) Nausheen Amjad Javed, the Sales Tax Officers Association (STOAP) Tuesday requested tax authorities to redress the grievances of the officers of sales tax specifically the delayed issue of promot
The Federal Board of Revenue (FBR) Tuesday notified reduction in duties and taxes on the import and local supply of essential food items including withdrawal of additional customs duty on the import of edible oil and oil seeds till June 30, 2020.