Daily Archives: June 12, 2017

FBR upgrades BS-17 customs officers to next designation

ISLAMABAD: Federal Board of Revenue (FBR) has notified the officers of the Pakistan Customs Service (PCS) of BS-17 are posted against their same place of postings in next designation in their own pay and scale (OPS).

SECP lodges criminal case against price ramping of Silver Star Insurance

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint in the Karachi sessions court against seven individuals ramping share price of Silver Star Insurance Limited (SSIC) from Rs5 to Rs12 per share.

Bank Eid holidays

KARACHI: State Bank of Pakistan (SBP) has announced bank holidays on the occasion of Eid-ul-Fitr from June 26 to June 28.

Anomaly identified in proposed capital gain tax on disposal of securities

KARACHI: Tax experts have identified anomaly in proposed capital gain tax regime on disposal of securities in equity market.

Informer not to get reward on lack of tax evidence

KARACHI: The tax official said that the Federal Board of Revenue (FBR) has introduced reward for whistleblower in the last year but in the Finance Bill 2017 it is proposed that informers will not be eligible for reward in case of information not supported by evidence.