Daily Archives: February 12, 2018

Local car sales up by 25pc on import policy change, high demand for online taxi service

KARACHI: The sales of locally assembled cars have increased by 25 percent Year on Year (YoY) owing to change in import policy and rising demand for online taxi services.

SECP warns companies of penal action on giving gifts to shareholders

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has warned companies of penal action regarding grant of gifts to their shareholders.

FTO directs FBR to simplify procedure to improve tax-to-GDP ratio

ISLAMABAD: Federal Tax Ombudsman (FTO) Mushtaq Ahmed Sukhera has directed Federal Board of Revenue (FBR) to simplify procedures to attract taxpayers and improve tax-to-GDP ratio.

Overseas Pakistanis remit $11.38bn in seven months

KARACHI: Overseas Pakistanis have remitted $11.38 billion foreign exchange during first seven months (July – January) of the current fiscal year, showing 3.5 percent growth, when compared with the remittance sent home during the corresponding months of the last fiscal year, State Bank of Pakistan (SBP) said on Monday.

Dr. Iqbal given additional charge of Member IR Operations

ISLAMABAD: Federal Board of Revenue (FBR) on Monday given additional charge of Member Inland Revenue (Operations) to Dr. Muhammad Iqbal, BS-21, who is already holding the key position of Member Inland Revenue (Policy).