SECP issues draft rules for independent director’s selection


ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued draft regulations for companies regarding selection of independent directors of board.

SBP takes notice of unfair treatment of pensioners, senior citizens by banks


KARACHI: State Bank of Pakistan (SBP) has taken notice of unfair treatment of banks with senior citizens and pensions in providing banking facilities.

FBR notifies transfers, postings of senior IRS officers


ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of senior officers of Inland Revenue Service (IRS) with immediate effect under further orders.

FBR notifies transfers, postings of BS-17-20 Customs officers


ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfer and postings of Pakistan Customs Service (PCS) officers of BS-17 to BS-20 with immediate effect until further orders.

Foreign direct investment grows by 15.6pc in eight months


KARACHI: The inflow of foreign direct investment (FDI) has registered a growth of 15.6 percent for the period of July – February (2017/2018) owing to better economic indicators and improved security situation.

FPCCI recommends 7pc standard sales tax rate


KARACHI: Federation Chambers of Commerce and Industry (FPCCI) has recommended reduction of standard sales tax rate to 7 percent from present 17 percent in order to broaden the tax base.

KTBA elects office bearers for 2018/2019


KARACHI: Karachi Tax Bar Association (KTBA) has elected Khalid Mahmood as president for the term 2018/2019 in its 61st Annual General Meeting held on Thursday.

IMF advises raising taxes on petroleum, withholding tax for curtailing budget deficit in 2017/2018


ISLAMABAD: International Monetary Fund (IMF) has advised Pakistan for enhancing petroleum with withholding taxes for curtailing budget deficit at 5 percent during fiscal year 2017/2018.

Budget deficit target may be missed: adviser

ISLAMABAD: Miftah Ismail Adviser to Prime Minister on Finance on Thursday admitted that few budget targets for fiscal year 2017/2018 would be missed.

Miftah directs completing budget activities within timeline


ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail on Thursday emphasized that all budget related activities should be undertaken in accordance with the agreed time lines and closer coordination between Ministry of Finance and other ministries and departments was imperative to carry out the budget exercise in a cohesive manner.