Daily Archives: June 15, 2017

FBR stops two annual increment as penalty on customs official

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed penalty of withholding two annual increment upon BS-16 customs official on the charges of inefficiency.

SECP issues draft auditor’s reporting obligation regulations

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Auditor’s (Reporting Obligations) Regulations, 2017, under Companies Act, 2017 to obtain public opinion.

Income Tax on mutual fund dividend reduced to 10 percent

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ISLAMABAD: The government has decided to withdraw the tax rate on dividend received from mutual funds from proposed rate of 12.5 percent to 10 percent.