Author Archives: Anjali

NCCPL to collect CGT on January 25


KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has announced that it will collect capital gain tax on January 25 for the month of December 2016.

Foreign direct investment increases by over 10pc during first half


KARACHI: Foreign Direct Investment (FDI) of the country has increased by over 10 percent to $1.08 billion during first half of current fiscal year against $978 million in the same half of the last fiscal year, according to data issued by State Bank of Pakistan (SBP) on Monday.

KPT to deliver goods only to bonafide agents


KARACHI: Karachi Port Trust (KPT) has said that it will deliver cargo to the bonafide consignee/clearing agents in conformity with the documents and not to the strangers.

SRB invites proposals for Sindh Budget 2017/2018


KARACHI: Sindh Revenue Board (SRB) has invited business community to send their tax proposals for formulation of Sindh Budget 2017/2018.

SBP enhances credit guarantee coverage to 60pc for loan to business starters, women borrowers


KARACHI: State Bank of Pakistan (SBP) has made changes in the Credit Guarantee Scheme (CGS) and increased the guarantee coverage to 60 percent for loan extended to business starters and women borrowers.

SBP allows relaxation to rice, leather exporters in meeting performance under Export Finance Scheme


KARACHI: State Bank of Pakistan (SBP) has allowed relaxation of time period for exports of rice and leather to meet their export performance.

Deputy Collector awarded major penalty for inefficiency


KARACHI: Federal Board of Revenue (FBR) has imposed major penalty upon a customs officer of BS-18 reduction of two stages in time scale on account of inefficiency.

FBR imposes major penalty of ‘compulsory retirement’ on customs officer for misconduct


KARACHI: Federal Board of Revenue (FBR) has awarded a customs officer with major penalty of ‘compulsory retirement from service’ on the charges of misconduct.

‘Pakistani exporters supplying substandard, poor quality goods to Afghanistan’


KARACHI: Pakistani exporters are supplying substandard and poor quality goods to Afghanistan, particularly pharma goods, which was major reason behind falling trade between Pakistan and Afghanistan.