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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,360
6524hr
Pakistan Cases
1,029,811
4,95024hr
8.46% positivity
Sindh
380,093
Punjab
356,211
Balochistan
30,289
Islamabad
87,304
KPK
143,673

Sohail Sarfraz

Markets

Umar given the all-clear to legalise bitcoin trade

Pakistan''s premier intelligence agency has recommended to Finance Minister Asad Umar to legalise the business of crypto-currencies, register around 5,000 crypto currency/Bitcoin exchanges/dealers, classify such currencies as an ''investment'' with all ne
Published 17 Mar, 2019 12:00am
Markets

Umar given the all-clear to legalise bitcoin trade

Pakistan's premier intelligence agency has recommended to Finance Minister Asad Umar to legalise the business of crypto-currencies, register around 5,000 crypto currency/Bitcoin exchanges/dealers, classify such currencies as an 'investment' with all net g
Published 17 Mar, 2019 12:00am
Markets

Umar given the all-clear to legalise bitcoin trade

Pakistan's premier intelligence agency has recommended to Finance Minister Asad Umar to legalise the business of crypto-currencies, register around 5,000 crypto currency/Bitcoin exchanges/dealers, classify such currencies as an 'investment' with all net g
Published 17 Mar, 2019 12:00am
Print

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po
Published 15 Mar, 2019 12:00am
Print

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po
Published 15 Mar, 2019 12:00am
Print

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po
Published 15 Mar, 2019 12:00am
Print

Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr
Published 14 Mar, 2019 12:00am
Print

Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr
Published 14 Mar, 2019 12:00am
Print

Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr
Published 14 Mar, 2019 12:00am
Print

PM hints at creating agency parallel to FBR

Prime Minister Imran Khan Tuesday hinted at creation of a parallel revenue collecting agency of the Federal Board of Revenue (FBR) and directed finance minister, state minister for revenue and chairman FBR to immediately work on integration-based informat
Published 13 Mar, 2019 12:00am
Print

PM hints at creating agency parallel to FBR

Prime Minister Imran Khan Tuesday hinted at creation of a parallel revenue collecting agency of the Federal Board of Revenue (FBR) and directed finance minister, state minister for revenue and chairman FBR to immediately work on integration-based informat
Published 13 Mar, 2019 12:00am
Print

PM hints at creating agency parallel to FBR

Prime Minister Imran Khan Tuesday hinted at creation of a parallel revenue collecting agency of the Federal Board of Revenue (FBR) and directed finance minister, state minister for revenue and chairman FBR to immediately work on integration-based informat
Published 13 Mar, 2019 12:00am
Print

Finance bill becomes Act after certain amendments

The government has enforced Finance Supplementary (Second Amendment) Act, 2019. The Federal Board of Revenue (FBR) Monday issued Finance Supplementary (Second Amendment) Act, 2019, incorporating certain amendments to tax laws passed by the National Assemb
Published 12 Mar, 2019 12:00am
Print

Finance bill becomes Act after certain amendments

The government has enforced Finance Supplementary (Second Amendment) Act, 2019. The Federal Board of Revenue (FBR) Monday issued Finance Supplementary (Second Amendment) Act, 2019, incorporating certain amendments to tax laws passed by the National Assemb
Published 12 Mar, 2019 12:00am
Print

Finance bill becomes Act after certain amendments

The government has enforced Finance Supplementary (Second Amendment) Act, 2019. The Federal Board of Revenue (FBR) Monday issued Finance Supplementary (Second Amendment) Act, 2019, incorporating certain amendments to tax laws passed by the National Assemb
Published 12 Mar, 2019 12:00am
Print

ATIR explains what constitutes bad debt

Appellate Tribunal Inland Revenue (ATIR) has ruled that a bad debt is a debt which is uncollectable and a permissible deduction for tax purposes in arriving at taxable income under the Income Tax Ordinance 2001. It is reliably learnt that ATIR, while dism
Published 11 Mar, 2019 12:00am