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Sohail Sarfraz

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Illegal gold trade: President confirms FTO advice for inquiry

President Arif Alvi has confirmed the recommendation of Federal Tax Ombudsman (FTO) that the Federal Board of Revenue (FBR) and Federal Investigation Agency (FIA) will initiate inquiry against all the officers, departments and importers/ exporters involve
Published 23 Oct, 2019 12:00am
Business

Illegal gold trade: President confirms FTO advice for inquiry

President Arif Alvi has confirmed the recommendation of Federal Tax Ombudsman (FTO) that the Federal Board of Revenue (FBR) and Federal Investigation Agency (FIA) will initiate inquiry against all the officers, departments and importers/ exporters involve
Updated 23 Oct, 2019 08:13am
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FASTER system: FBR will not stop processing of ST refund payments

The Federal Board of Revenue (FBR) would not stop processing of sales tax refund payments to the exporters under FASTER system merely on the basis that Annexure-F (carry forward summary) and Annexure-H (stock statement) of the sales tax return form do not
Published 22 Oct, 2019 12:00am
Business

FBR designates Naveed Illahi as PD 'PCSP 2019-24'

Federal Board of Revenue (FBR) has designated Naveed Illahi, Secretary Customs, as Project Director of 'Pakistan Customs Strategic Plan 2019-2024' (PCSP 2019-24) with immediate effect. The FBR issued notification here on Friday.
Updated 19 Oct, 2019 06:56am
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AML, CFT framework: SECP tells AMCs to comply with directives

The Securities and Exchange Commission of Pakistan (SECP) has directed Assets Management Companies (AMCs) to demonstrate the highest standards of professionalism by complying with all regulatory directives including Anti-Money Laundering (AML) and combati
Published 19 Oct, 2019 12:00am
Markets

AML, CFT framework: SECP tells AMCs to comply with directives

The Securities and Exchange Commission of Pakistan (SECP) has directed Assets Management Companies (AMCs) to demonstrate the highest standards of professionalism by complying with all regulatory directives including Anti-Money Laundering (AML) and combati
Updated 19 Oct, 2019 07:02am
Business

CCP declares MNC's dairy product fit for children

The Competition Commission of Pakistan (CCP) has declared that a dairy milk product of a multinational food company is in line with the applicable food standards and contains nutritional qualities which may be beneficial for a child's wellbeing and fulfil
Published 18 Oct, 2019 12:00am
Markets

SECP revises regulations for credit rating cos

The Securities and Exchange Commission of Pakistan (SECP) has revised the regulations for the credit rating companies. This includes provisions related to the selection procedure of independent director, duties and obligations, independence/conflict of in
Updated 18 Oct, 2019 07:16am
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IMF, FBR officials share views on tax harmonization

The visiting team of International Monitory Fund (IMF) discussed with the Federal Board of Revenue (FBR) a number of policy issues including simplification of complex income tax system, harmonization of taxes, introduction of a very simple scheme for smal
Published 17 Oct, 2019 12:00am
Business

IMF, FBR officials share views on tax harmonization

The visiting team of International Monitory Fund (IMF) discussed with the Federal Board of Revenue (FBR) a number of policy issues including simplification of complex income tax system, harmonization of taxes, introduction of a very simple scheme for smal
Updated 17 Oct, 2019 08:26am