Daily Archives: February 4, 2018

Non-implementation of tax commission’s proposal for amending forex regulation against black

KARACHI: The present government in September 2014 constituted a tax reform commission to plug revenue leakage and bring all segments having taxable income into tax net.

Exchange companies must keep foreign currency transaction record for 10 years

KARACHI: State Bank of Pakistan (SBP) has said all the exchange companies are required to maintain record of each foreign currency transactions and keep the record for at least 10 years.

Illegal money should not find shelter under ‘no tax, no investigation’ schemes: commission report

KARACHI: Millions of Pakistanis have welcomed the decision of the Supreme Court of Pakistan for taking suo moto notice in illegal foreign assets of Pakistanis, especially those appeared in the list of Panama Papers and Paradise Papers.