Audit selection criteria confidential: FBR

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ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that the criteria for selecting audit cases is confidential and protected from disclosure under tax laws.

SBP issues updated Foreign Exchange Manual – 2017

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KARACHI: State Bank of Pakistan (SBP) on Friday issued updated Foreign Exchange Manual – 2017 in order to facilitate the stakeholders including banks, exporters, importers, travel agents, carriers, etc.

SBP enhances bank spread on long-term SME refinancing

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KARACHI: State Bank of Pakistan (SBP) has allowed banks to charge 4 percent as spread from current three percent on long term financing extended to small and medium enterprises.

FBR grants zero-percent sales tax to 150 ton dates donated by Saudi Arabia

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero-percent sales tax on import of 150 tons of dates gifted by Kingdom of Saudi Arabia to the Pakistan government.

FBR’s tax recommendations for budget 2017/2018 in final stages

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ISLAMABAD: Dr. Muhammad Irshad, Chairman, Federal Board of Revenue (FBR) has said that tax recommendations for budget 2017/2018 in the final stages and will be completed in a timely manner.

Budget Proposals 2017/2018: Realtors demand removal of anomalies in FBR’s property valuations

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KARACHI: Pakistan Real Estate Investment Forum (PREIF) has demanded removal of anomalies in property valuation tables issued by Federal Board of Revenue (FBR) in the budget 2017/2018.

SECP to regulate registered real estate companies under draft law

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday said that it will only regulate real estate companies registered with the commission under the proposed law, which is currently in the National Assembly for formal approval.

SBP announces last monetary policy of 2016/2017 on Saturday

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KARACHI: State Bank of Pakistan (SBP) will announce last monetary policy of current fiscal year 2016/2017 on May 20, 2017, said a statement on Thursday.

Banks directed to provide details of dormant pensioners’ accounts

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KARACHI: State Bank of Pakistan (SBP) has directed banks to provide details of pensioners’ accounts dormant for six months to enable account office to stop payments.

Sindh Revenue Board announces amnesty scheme to waive penalty

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KARACHI: Sindh government has announced a tax incentive package on Thursday allowing exemption from fine and penalty on payment of principal amount and a minimum payment of 5 percent default surcharge.