SBP allows banks to value property for extending financing loans up to Rs3 million

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KARACHI: State Bank of Pakistan (SBP) has allowed banks to determine property valuation for extending housing loans up to Rs3 million.

PSX soon to launch web-based private market

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KARACHI: Pakistan Stock Exchange (PSX) will soon launch web-based private market, said PSX Managing Director Nadeem Naqvi on Monday.

Modarab companies to provide information of individuals having Rs10m investment

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has made mandatory for modaraba companies to provide information of individuals, who have made Rs10 million and above investment.

SBP bars foreign recreational trips of bankers

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KARACHI: State Bank of Pakistan (SBP) has barred foreign recreational trips of bankers and directed banks to send their staff only on educational or training tours.

Pakistan’s FDI grows by 12.4pc in July – March

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KARACHI: The inflows of Foreign Direct Investment (FDI) to Pakistan has increased by 12.4 percent to $1.6 billion during first nine months as against $1.425 billion the corresponding period of the last fiscal year, State Bank of Pakistan (SBP) said on Monday.

All sectors under consideration in tax amnesty discussions: Sindh governor

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KARACHI: Sindh Governor Muhammad Zubair has said that a committee constituted by the Prime Minister is considering all sectors of the economy for tax amnesty scheme.

FBR advised to release refunds as quick as tax recovery made

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KARACHI: Karachi Tax Bar Association (KTBA) has advised the Federal Board of Revenue (FBR) that refunds should be paid as fast as recovery made by tax offices from taxpayers.

Budget Proposals 2017/2018: FBR urged to reduce salary tax

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KARACHI: Federal Board of Revenue (FBR) has been urged that the highest tax slab on salaried individuals should be brought down to 25 percent from existing 30 percent.

1.12 million income tax returns filed up to April 16

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KARACHI: The number of income tax return filers has been increased to 1.12 million for tax year 2016, according to latest weekly data issued by Federal Board of Revenue (FBR) on Monday.

FBR prohibits taxpayers, PRAL communication

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KARACHI: Federal Board of Revenue (FBR) has prohibited interaction between taxpayers and Pakistan Revenue Automation Private Limited (PRAL) and directed that all the grievances of the taxpayers should be forwarded to Information Technology (IT) Wing of the FBR.