Daily Archives: June 1, 2017

SECP approves draft Insurance Bill 2017

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the draft Insurance Bill, 2017, which has been sent to the Ministry of Finance (MoF) for its onward submission to the Ministry of Commerce to start the necessary legislative process.

Deposits of branchless banking sharply down by 32.52pc

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KARACHI: The deposits of branchless banking has sharply declined by 32.52 percent to Rs7.9 billion by quarter end January – March 2017 as compared with Rs11.71 billion in the previous quarter of October – December 2016.

High level meeting on energy matters at finance ministry

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar chaired a high level meeting here at the Ministry of Finance on Thursday regarding energy-related matters.

Mineral exploration, extraction companies allowed vehicle import at zero percent customs duty

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KARACHI: Mineral exploration and extraction companies have been allowed zero percent customs duty on import of vehicles and capital goods with certain conditions.

FBR issues rates of customs duty on import of medical equipment, machinery

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KARACHI: Federal Board of Revenue (FBR) issued rate of customs duty for machinery, equipment, apparatus, and medical, surgical, dental and veterinary furniture, materials, fixtures and fittings imported by hospitals and medical or diagnostic institutes.

FBR issues updated customs duties on import of various machinery

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KARACHI: Federal Board of Revenue (FBR) has issued Fifth Schedule of Customs Act, 1969 to update customs duties at 3 percent and 5 percent on import of machinery and equipment for various sectors.