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Sohail Sarfraz

GST harmonization: IMF for setting up JWG
Print

GST harmonization: IMF for setting up JWG

The Intern-ational Monetary Fund (IMF) has recommended Pakistan to establish a joint working group comprising Center and provinces to provide recommendations on General Sales Tax (GST) harmonization to be approved by the Council of Common Interests (CCI)
Published 24 Dec, 2019 12:00am
NAB erred in interpreting appointments: Mirza
Print

NAB erred in interpreting appointments: Mirza

Securities and Exchange Policy Board (SEPB) Chairman Khalid Mirza Saturday said that the Chairman National Accountability Bureau (NAB) has incontrovertibly erred and would do well to retract his direction for the holding of an inquiry into misuse of autho
Updated 22 Dec, 2019 11:41pm
FBR chief writes letter to heads of banks
Print

FBR chief writes letter to heads of banks

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has written a letter to heads of banks, specifying that the tax department would seek information about banks' customers through adoption of special procedures and format.
Published 21 Dec, 2019 12:00am
Deadline for filing tax returns extended till December 31
Print

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
Wheat flour body involved in fixing prices: CCP
Print

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
Corporate laws: SEPB discusses key policy changes
Print

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
Licensed entities: Adjudication division given certain powers
Print

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
'Origin of import circumvention': FBR decides to lodge FIRs
Print

'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