ISLAMABAD: State Bank of Pakistan (SBP) to set up National Payment Gateway for hassle free and secure banking transactions.
ISLAMABAD: Asian Development Bank (ADB) has raised projection for GDP growth in Pakistan for fiscal year 206/2017 to 5.2 percent from 4.8 percent.
ISLAMABAD: Multilateral Convention – a joint initiative of Council of Europe and OECD will help Federal Board of Revenue (FBR) to track tax evaders, no matter where they have accumulated their wealth, Finance Minister Senator Mohammad Ishaq Dar said.
KARACHI: World Trade Organization (WTO) has projected global trade growth of 2.2 percent in 2016, the slowest pace of growth since the financial crisis of 2009.
ISLAMABAD: The office of the Federal Ombudsman has recommended changes in Foreign Exchange Remittance Card (FERC) and allow issuance of card along with NICOP without any limit of remittance, which is now $2,500.
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Monday approved certain duty and tax exemptions for making Sukuk – Islamic bonds – attractive for foreign buyers.
FBR may extend last date for filing income tax returns; KTBA points out numerous difficulties in e-filing
KARACHI: Federal Board of Revenue (FBR) may extend the last date for filing income tax returns for tax year 2016 as taxpayers facing difficulties on the online e-portal.
KARACHI: State Bank of Pakistan (SBP) has tightened cash management regulations on banks and now each bank branch is required to submit cash position to the central bank.
ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption from levy of income tax and sales tax to import of security and armored vehicles for the visit of foreign dignitaries.
ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has said that Pakistan has achieved macroeconomic stability during last three years and foreign exchange reserves of the country have improved equal to over five months of imports.