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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,344
1624hr
Pakistan Cases
1,267,393
56724hr
1.45% positivity
Sindh
466,945
Punjab
438,636
Balochistan
33,159
Islamabad
106,615
KPK
177,240

Sohail Sarfraz

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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
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Corporate laws: SEPB discusses key policy changes

The Securities and Exchange Policy Board (SEPB) discussed key policy changes in corporate laws to encourage listing of companies and increase capital formation, assist Federal Board of Revenue (FBR) to ensure documentation of corporate sector, facilitate
Published 15 Dec, 2019 12:00am
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'Origin of import circumvention': FBR decides to lodge FIRs

Federal Board of Revenue (FBR) has decided to lodge FIRs and take other actions under the Customs Act against importers involved in mis-declaration of goods of Indian origin through international ports like Dubai, Hong Kong and Singapore.
Published 14 Dec, 2019 12:00am
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FBR condones time limit for filing Annex-H (stock statement)

The Federal Board of Revenue (FBR) has condoned the time limit of filing of Annex-H (stock statement) in the sales tax return by the exporters for the tax period of July 2019 up to January 15, 2020. In this regard, the FBR has issued instructions to the f
Published 13 Dec, 2019 12:00am
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Pakistan, China to implement 'Green Corridor' system

Pakistani and Chinese customs administrations have principally agreed to implement 'Green Corridor' - a fast track customs clearance system exclusively for speedy clearances of the perishable agricultural products, under the proposed Green Corridor at Sus
Published 12 Dec, 2019 12:00am
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Corporate sector: SECP introduces 'Regulatory Sandbox Environment'

Securities and Exchange Commission of Pakistan (SECP) Wednesday took a major step to facilitate corporate sector by introducing 'Regulatory Sandbox Environment' for companies to conduct limited scale live tests of new products, services or business models
Published 12 Dec, 2019 12:00am
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FBR arm issued refunds sans verification: AGP

The Auditor General of Pakistan (AGP) has expressed serious concern over the issuance of huge amount of sales tax refunds without verification under Federal Board of Revenue's Expeditious Refund System (ERS) by the Centralized Sales Tax Refund Office (CST
Published 11 Dec, 2019 12:00am
Markets

NBFCs: SECP issues qualified capital, terms and conditions

The Securities and Exchange Commission of Pakistan (SECP) has issued the qualified capital and its terms and conditions for the Non-Banking Finance Companies (NBFCs) engaged exclusively in the business of issuance of guarantees to enhance the quality of d
Published 11 Dec, 2019 12:00am