Daily Archives: April 6, 2018

Unified property tax rate to increase revenue: ABAD

KARACHI: Arif Yousuf Jeewa, Chairman, Association of Builders and Developers of Pakistan (ABAD) on Friday praised the government for making unified property tax rate.

Tax scheme to bring change in life of individual, salary persons: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said that the tax scheme announced by the Prime Minister will bring change in the lift of individual and salary persons.

SECP directs company’s shareholders to provide bank account details for cash dividends

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed shareholders of listed companies to provide bank account details in 45 days for payment of cash dividends in electronic mode.

Revenue growth outpaces expenditure increase during first half 2017/2018: SBP

KARACHI: State Bank of Pakistan (SBP) has said that growth in revenue collection has outpaced the increase in expenditures during first half (July – December) 2017/2018, which led to a broad-based improvement in fiscal indicators.

SBP warns against transactions in virtual currencies

KARACHI: State Bank of Pakistan (SBP) has warned general public against using virtual currencies for their transactions as those were not guaranteed by the government.

General tax amnesty at 5pc announced; FBR property valuation to be abolished

ISLAMABAD: The government has announced a general amnesty for regularizing undeclared incomes within Pakistan at the tax rate of five percent.

Amnesty for undeclared foreign assets announced; only filers to be allowed opening FC accounts

ISLAMABAD: The government on Thursday announced an amnesty scheme for declaration and repatriation of foreign assets owned by Pakistanis.