Daily Archives: August 3, 2017

SECP registers 814 new companies in July 2017

secp

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) during the month of July 2017 registered 814 new companies. As compared to the corresponding month of the last financial year, it represents a growth of 110 percent.

FBR issues procedure for adjustment of sales tax paid at clearance of steel products

fbr

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for adjustment of sales tax paid at the time of clearance of imported steel products.

Non-filer required to pay 25pc withholding tax on winning of prize bonds

fbr

KARACHI: A non-filer of income tax return on winning of prize bonds is required to pay 25 percent withholding income tax at the time of receiving the amount of winning.