Daily Archives: April 17, 2017

Modarab companies to provide information of individuals having Rs10m investment

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has made mandatory for modaraba companies to provide information of individuals, who have made Rs10 million and above investment.

SBP bars foreign recreational trips of bankers

KARACHI: State Bank of Pakistan (SBP) has barred foreign recreational trips of bankers and directed banks to send their staff only on educational or training tours.

Pakistan’s FDI grows by 12.4pc in July – March

KARACHI: The inflows of Foreign Direct Investment (FDI) to Pakistan has increased by 12.4 percent to $1.6 billion during first nine months as against $1.425 billion the corresponding period of the last fiscal year, State Bank of Pakistan (SBP) said on Monday.

All sectors under consideration in tax amnesty discussions: Sindh governor

KARACHI: Sindh Governor Muhammad Zubair has said that a committee constituted by the Prime Minister is considering all sectors of the economy for tax amnesty scheme.

FBR advised to release refunds as quick as tax recovery made

KARACHI: Karachi Tax Bar Association (KTBA) has advised the Federal Board of Revenue (FBR) that refunds should be paid as fast as recovery made by tax offices from taxpayers.

Budget Proposals 2017/2018: FBR urged to reduce salary tax

KARACHI: Federal Board of Revenue (FBR) has been urged that the highest tax slab on salaried individuals should be brought down to 25 percent from existing 30 percent.

1.12 million income tax returns filed up to April 16

KARACHI: The number of income tax return filers has been increased to 1.12 million for tax year 2016, according to latest weekly data issued by Federal Board of Revenue (FBR) on Monday.