Daily Archives: May 18, 2017

FBR’s tax recommendations for budget 2017/2018 in final stages

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ISLAMABAD: Dr. Muhammad Irshad, Chairman, Federal Board of Revenue (FBR) has said that tax recommendations for budget 2017/2018 in the final stages and will be completed in a timely manner.

Budget Proposals 2017/2018: Realtors demand removal of anomalies in FBR’s property valuations

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KARACHI: Pakistan Real Estate Investment Forum (PREIF) has demanded removal of anomalies in property valuation tables issued by Federal Board of Revenue (FBR) in the budget 2017/2018.

SECP to regulate registered real estate companies under draft law

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday said that it will only regulate real estate companies registered with the commission under the proposed law, which is currently in the National Assembly for formal approval.

SBP announces last monetary policy of 2016/2017 on Saturday

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KARACHI: State Bank of Pakistan (SBP) will announce last monetary policy of current fiscal year 2016/2017 on May 20, 2017, said a statement on Thursday.

Banks directed to provide details of dormant pensioners’ accounts

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KARACHI: State Bank of Pakistan (SBP) has directed banks to provide details of pensioners’ accounts dormant for six months to enable account office to stop payments.

Sindh Revenue Board announces amnesty scheme to waive penalty

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KARACHI: Sindh government has announced a tax incentive package on Thursday allowing exemption from fine and penalty on payment of principal amount and a minimum payment of 5 percent default surcharge.

Budget Proposals 2017/2018: Amnesty recommended for retailers not filing ST returns

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed an amnesty scheme for retailers and small traders who are not filing sales tax return.

Budget Proposals 2017/2018: Massive under-invoicing by commercial importers destroying domestic industry

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KARACHI: Federal Board of Revenue (FBR) has been urged that status of Final Tax Regime (FTR) for commercial importers should be withdrawn, and final tax at import stage should be made adjustable.

Well-being of general public is top priority in budget: Dar

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ISLAMABAD: Finance Minister Senator Ishaq Dar on Wednesday said that in line with the tradition of the last three years the government is according top priority to the well-being of the general public in the upcoming budget.