The Securities and Exchange Commission of Pakistan (SECP) has taken action against 14 proscribed persons in the corporate sector and 47 high-risk non-profit organisations (NPOs) under the anti-money laundering laws.
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
The Regional Tax Office (RTO), Islamabad has detected a mega scam of fake/flying invoices used for claiming credit adjustments by the persons making supply to cement sector, causing massive revenue loss to the exchequer.
The Federal Board of Revenue (FBR) has asked the business community and the tax officials to submit budget proposals for 2020-2021 with the specific focus of eliminating tax fraud, plugging in loopholes, and facilitating genuine taxpayers.
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
The Securities and Exchange Commission of Pakistan (SECP) has decided to write a letter to the Federal Board of Revenue (FBR) to incorporate some proposals of the Pakistan Stock Exchange Stockbrokers Association (PSA) in the next fiscal budget.
The Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has directed the SECP that all personnel deputed to the law enforcement agencies (LEAs) be repatriated back to the commission.
The Federal Board of Revenue (FBR) is in the process of implementing new measures to check money laundering in line with the recommendations of the Financial Action Task Force (FATF) including strict checking at airports and borders to control foreign cur
The National Assembly Standing Committee on Finance Chairman Faiz Ullah Kamoka has approached Prime Minister Imran Khan to immediately reactivate the policy board of the Federal Board of Revenue (FBR) to guide the tax authorities towards achieving the rev
The appointment of chief executive in a public-sector company, as and when acquired by Sarmaya-e-Pakistan Limited (SPL), shall be made by its board, for which the concurrence of the government shall not be required.
The restoration of facility of duty-free import of mobile phones by international passengers would be linked with the implementation of a foolproof system such as biometric verification to check misuse of the scheme.
The Securities and Exchange Commission of Pakistan (SECP) Monday announced that any company, engaged in providing trustee services to Collective Investment Schemes (CISs), Real Estate Investment Trusts (REITs) or private funds shall be considered as Finan
The Federal Board of Revenue (FBR) has given a final deadline of February 26, 2020, to the steering committees for restructuring of the FBR, to submit their reports for reforming the tax machinery through creation of the Pakistan Revenue Authority.
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
The Federal Board of Revenue (FBR) on Saturday directed Customs authorities including Customs Intelligence department to immediately deploy all possible resources for controlling smuggling of food items. In this regard, the FBR has issued instructions to
The federal government needs to immediately verify/check the registration status and funding sources of International Non-Governmental Organisations (INGOs) and Pakistani Non-Profit Organisations (NPOs) working to curb the use of tobacco in Pakistan.
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