Lahore High Court (LHC) has dismissed petitions of registered retailers, falling under the category of Tier-I (big retailers), against computerized integration of retail invoicing with the Federal Board of Revenue (FBR) system.
The persons trading in sectors of tyre, mobile phone, ghee, sugar, pulses, cement, fertilizer, electronics, yarn, iron & steel, paper and automobile would meet tax authorities at the Federal Board of Revenue (FBR) on January 13-14 to discuss issues arisin
The Competition Commission of Pakistan (CCP) should focus on market study of e-commerce to check any anti-competitive practices and consumer protection in the fast-growing e-commerce and examine the report titled "Market Study on e-commerce in India" issu
The Federal Tax Ombudsman, in a suo motu case, has stated that failure of Customs and Law Enforcement Agencies (LEAs) to take action against smuggling and sale of Iranian petroleum products on main roads reflect inefficiency, incompetence and ineptitude i
The Securities and Exchange Policy Board approved substantial reduction in National Clearing Company of Pakistan Limited (NCCPL) fees for investors and changes in the Companies (further issue of shares) Regulations, 2018 to facilitate capital formation, a
The Competition Commission of Pakistan (CCP) has conveyed to the fast moving consumer goods manufacturers that the companies in this sector need to pay special care while advertising of their products by truthfully demonstrating pricing, character, method
The Prime Minister has been given discretion to prescribe rules to regulate the functioning of the benches and procedure of the Appellate Tribunal Inland Revenue under the Tax Laws (Second Amendment) Ordinance, 2019.
Federal Tax Ombudsman (FTO) has decided a suo motu case against irregularities of Federal Board of Revenue's (FBR) field formations in making seizure of smuggled non-customs paid (NCP) vehicles, determination of assessable value and conduction of auction
The Federal Board of Revenue (FBR) will fully empower Directorate General of Transit Trade for carrying out end-to-end operations of transit trade including cargo transportation, en-route monitoring and enforcement and border terminal operations.
The Securities and Exchange Commission of Pakistan (SECP) has specifically defined "small enterprise" and "medium enterprise (SME)" seeking financing from financial institutions including Non-Banking Finance Companies.
The Financial Monitoring Unit would have access to the taxpayer's personal information of income tax returns and wealth statements, available with the Federal Board of Revenue (FBR), for performing functions under Anti-Money Laundering Act, 2010.
The Securities and Exchange Commission of Pakistan (SECP) has cautioned the non-profit organizations that NPOs must ascertain correct and complete identification particulars of their beneficiaries who receive cash or services or in-kind contributions.
An Appellant Bench of the Securities and Exchange Commission of Pakistan (SECP) has conveyed to the stock market brokers that requirements of the regulatory framework/guidelines of 2012 issued by Karachi Stock Exchange (KSE) and SECP's Anti-Money Launderi
The Federal Board of Revenue (FBR) on Friday directed chief commissioners to provide reasons in writing for rejecting any application for correction in computerized payment receipt (CPR) of income tax, sales tax and federal excise duty (FED) submitted by
The entire manufacturing industry of Pakistan is now bound to make supplies to only registered buyers/distributors/dealers from January 2020 to avail input tax adjustment in their monthly sales tax returns in February 2020.
Federal Board of Revenue (FBR) Friday directed all chief commissioners to accelerate installment of Point of Sale (POS) software at mega shopping malls after serious concerns were shown by Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh.
Pakistan is among the remaining three countries which are still looking at the Uber and Careem pre-merger application with the possibility of a conditional approval to be granted to the international merger.
Tax Laws (Second Amendment) Ordinance 2019 has withdrawn sales tax exemption on local supplies of edible oils and vegetable ghee, including cooking oil made by importers, distributors, wholesalers or retailers.