Daily Archives: April 18, 2017

NRO beneficiary tax officials not to be promoted: FBR

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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday said that any official who is beneficiary of National Reconciliation Ordinance (NRO) 2007 will not be promoted.

MCC Preventive issues SOP for duty-free re-import by exporters

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KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi has issued Standard Operating Procedure (SOP) for re-import of goods by exporters without payment of duty and taxes.

SECP files criminal case for manipulating prices of 28 scrips

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) filed another criminal complaint against Darson Securities (Private) Limited (Darson) and three clients for manipulating the prices of 28 scrips from April 1, 2012 to May 15, 2014. The case has been filed in the Karachi sessions court.

SBP allows banks to value property for extending financing loans up to Rs3 million

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KARACHI: State Bank of Pakistan (SBP) has allowed banks to determine property valuation for extending housing loans up to Rs3 million.

PSX soon to launch web-based private market

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KARACHI: Pakistan Stock Exchange (PSX) will soon launch web-based private market, said PSX Managing Director Nadeem Naqvi on Monday.