State Bank announces Bank Holiday on 1st January
Announcement of BankHoliday on January 1, 2020. Continue reading State Bank announces Bank Holiday on 1st January
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State bank of Pakistan warns Public
Attention General Public: Sale, purchase and transfer of foreign currency through Hawala or Hundi operators is illegal. – State bank of Pakistan Continue reading State bank of Pakistan warns Public
Happy birthday M A Jinnah and Merry Christmas 🎄
You are free; you are free to go to your temples. You are free to go to your mosques or to any other places of worship in this State of Pakistan. You may belong to any religion, caste or creed—that has nothing to do with the business of the state. M.A Jinnah Warm greetings and best wishes to all on this joyous occasion of #Christmas Continue reading Happy birthday M A Jinnah and Merry Christmas 🎄
Trump bullying Greta on twitter. Response epic
Trump goes after Thunberg after “Person of the Year” win: “So ridiculous. Greta must work on her Anger Management problem” Continue reading Trump bullying Greta on twitter. Response epic
Governor SBP welcomes change in Moody’s Outlook and recent market developments
Governor SBP, Dr. Reza Baqir, welcomed Moody’s change in outlook on Pakistan from negative to stable. He noted that this positive development reflects the recognition of tough decisions taken by the economic policymakers over recent months including the step devaluations of the exchange rate that culminated in the change in the exchange rate regime to a market based system since May 2019. These steps have … Continue reading Governor SBP welcomes change in Moody’s Outlook and recent market developments
Electricity and Gas Consumers Under FBR Radar
FBR formations are directed to ensure that all industrial and commercial consumers of Electricity and Gas distribution companies are registered under and file return of income, if required. Such consumers, who have not yet filed return of income to avail extension in time. WAPDA should provide an easy way to change the name in case of inheritance, rent or purchase of property. There should be … Continue reading Electricity and Gas Consumers Under FBR Radar
Pakistan Economy Stabilises
Rising exports & investment, declining current account deficit, improved fiscal prospects through better tax & non tax collection, market rally, EOBD ranking going up; indicates that Govt reforms are producing positive outcomes to provide relief to public. Moody’s upgrades Pakistan’s outlook to B3 ‘Stable’ from ‘Negative’. The upgradation of outlook to Stable is affirmation of Government’s success in stabilising the country’s economy and laying a … Continue reading Pakistan Economy Stabilises
FBR WARNS NON FILERS
FBR reiterates that every person owning a car above 1000 cc and a house measuring 500 sq. yards or above is mandatorily required to file return of income irrespective of having any taxable income during the year. Penal actions will be taken against delinquents. Avail extension. Continue reading FBR WARNS NON FILERS
Real estate transactions under FBR’s scrutiny
The Federal Board of Revenue (FBR) has started scrutiny of real estate transactions under one-time tax amnesty to see if they complied with the valuation table, it emerged on Friday. “Any amount paid under the scheme that is higher than the FBR valuation and is not disclosed in annual return by a person will be treated as concealed income,” a senior official at Regional Tax … Continue reading Real estate transactions under FBR’s scrutiny
More Wind Projects in Pakistan
Govt of Pakistan has signed agreement of Super Six wind power projects which will produce 310MW of clean & low cost power. Thank the World Bank & IFC for the $450 million investment for the project & their continued support for the implementation of our Govt’s development goals. – Dr Abdul Hafeez Sheikh Continue reading More Wind Projects in Pakistan
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