Daily Archives: April 19, 2017

Banks to remain open on April 22, 23 for Hajj application

KARACHI: State Bank of Pakistan (SBP) has directed at least 10 banks to open their designated branches on April 22 and 23 (Saturday and Sunday) for collection of Hajj application along with dues for Hajj 2017.

SBP directs banks to start customers’ due diligence for exchange of information under OCED agreement

KARACHI: State Bank of Pakistan (SBP) has directed financial institutions to start due diligence of their customs from July 01, 2017 for the purpose of exchange of information under OECD convention.

FBR suspends preventive officer

KARACHI: Federal Board of Revenue (FBR) has suspended a preventive officer for inefficiency for a period of three months with immediate effect.

FBR urged to reduce penalty for defaulting in statement filing

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce the amount of penalty in case of defaulting in filing statement of withholding or final tax.