IMF welcomes exchange rate flexibility by SBP

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ISLAMABAD: International Monetary Fund (IMF) has welcomed exchange rate adjustment by State Bank of Pakistan (SBP) and said further exchange rate flexibility will be important in the period ahead.

KTBA urges FBR to extend return filing date up to Dec 31

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KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to further extend the last date for filing income tax returns up to December 31, 2017 which is expiring on December 15, 2017 for tax year 2017.

FBR allows sales tax de-registration of 31 customs agents

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KARACHI: Federal Board of Revenue (FBR) has allowed sales tax de-registration of 31 customs agents, who were blacklisted due to non-filing of mandatory monthly statement.

FBR allows extension in period for repayment of sales tax paid on steel products

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed additional period of two months for repayment of sales tax paid on steel products.

SBP issues instructions for processing export of additional 1.5 MMT sugar

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KARACHI: State Bank of Pakistan (SBP) on Wednesday issued instructions for banks to process additional 1.5 million metric tons of sugar allowed by the government.

Appraising officers, valuation officers directed to clear deficient ACRs for promotion

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ISLAMABAD: Federal Board of Revenue (FBR) has directed appraising officers and valuation officers to clear their deficient ACR’s for promotion consideration in the upcoming departmental promotion committee.

FBR directs customs officials to provide no disciplinary action certificate for promotion consideration

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ISLAMABAD: Federal Board of Revenue (FBR) has directed officers of Deputy Superintendent and Senior Intelligence Officers (BS-16) to submit certificates of no disciplinary action against them for promotion consideration.

FBR nominates PCS officers of BS-19 for SMC

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KARACHI: Federal Board of Revenue (FBR) has issued nomination list of 30 Pakistan Customs Services (PCS) officers of BS-19 for 23rd Senior Management Course (SMC) which will commence from February 26, 2018 to June 15, 2018 at National Management College, Lahore and National Institute of Management, Islamabad, Karachi and Peshawar.

SBP advises banks to remain vigilant on widening assets-liabilities mismatch

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KARACHI: The rising long term advances and declining share of fixed deposits is widening the assets-liabilities mismatch against which the banks need to remain vigilant, State Bank of Pakistan (SBP) said in its Third Quarterly (July – September) Review on Banking system issued on Wednesday.

SECP proposes curtailing foreign persons’ shareholding limits to 10pc

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed curtailing shareholding limits of foreign persons to 10 percent from 30 percent.