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Monthly Archives: May 2017

FBR updates customs duties on import of goods by agri sector

KARACHI: Federal Board of Revenue (FBR) has updated rates of customs duty for import of goods by agriculture sector. The FBR issued fifth schedule of...

SECP files criminal case against brokers of Adam Securities for market manipulation in book...

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has filed a criminal case in the Karachi sessions court against brokers of Adam Securities Limited,...

SECP issues Companies Act 2017

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday issued Companies Act, 2017 after President Mamnoon Hussain signed the Act, marking the dawn...

FBR notifies sales tax rate changes on POL products

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification to change sales tax rates of petrol and high speed diesel (HSD) to be implemented...

Petrol, HSD prices reduced for June 2017

ISLAMABAD: The government has reduced prices of petrol and high speed diesel by Rs1.20 / Litre and Rs1.60 / Litre, respectively, with effect from...

FBR revenue collection targets for direct and indirect taxes in 2017/2018

ISLAMABAD: The government has set another ambitious revenue collection target of Rs4,013 billion for fiscal year 2017/2018, about 14 percent higher than collection of...

Tough measures against non-filers to increase number in ATL

ISLAMABAD: The number of active taxpayers has been increased by 8,092 during the last week and the Active Taxpayers List (ATL) for tax year...

SBP issues enterprise technology, risk management framework of financial institutions

KARACHI: State Bank of Pakistan (SBP) has issued Enterprise Technology Governance & Risk Management Framework for Financial Institutions (FIs). The Framework has been developed...

FBR enhances FED on locally produced cigarettes

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday announced increase in federal excise duty on sale of locally produced cigarettes. The FBR issued SRO 407(I)/2017...

Sales tax rate increased on import of lower priced mobile phones

KARACHI: Federal Board of Revenue (FBR) has proposed increase in sales tax on import of low priced mobile phones and at the time of...

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