WPC celebrates International Democracy Day- FINPERIAL Participated
“Democracy for All” aimed to highlight the importance of active participation of citizens to strengthen democracy. The guests engaged with a young audience who have an important role to play in upholding democratic values. Women’s Parliamentary Caucus Pakistan (WPC) is a non-partisan informal forum for women parliamentarians of Pakistan. Secretary WPC Munaza Hassan welcomed the guests and speakers. Followed by speaker National Assembly Mr. Asad … Continue reading WPC celebrates International Democracy Day- FINPERIAL Participated
The Federal Board of Revenue (FBR) has restrained officials of Inland Revenue from conducting raids on taxpayers’ premises without approval.
“No commissioner or authorized officer shall undertake exercise of search or audit without approval of entering into premises of any taxpayer,” the FBR said in an order to chief commissioners of Inland Revenue. The FBR said it received complaints about abuse of powers by the tax officials. It further said if there is a need to undertake such activity then a prior permission of the … Continue reading The Federal Board of Revenue (FBR) has restrained officials of Inland Revenue from conducting raids on taxpayers’ premises without approval.
Khursheed Shah, Senior PPP leader, arrested by NAB
The National Accountability Bureau Rawalpindi on Wednesday arrested Pakistan People’s Party (PPP) senior leader Khursheed Shah from near Bani Gala. According to NAB sources, the PPP leader was arrested in a case pertaining to acquiring assets beyond means of income. Sources in NAB said the arrest came after allegations were proven in the initial investigation against the PPP leader and that further inquiry would be … Continue reading Khursheed Shah, Senior PPP leader, arrested by NAB
Brokers can now Sell Shares – PSX
The government has completely pulled out restriction on brokers to sell their stake in the Pakistan Stock Exchange (PSX), a move that is likely to give a shot in their arm with liquidity and diversify shareholders. The Securities and Commission of Pakistan (SECP) withdrew ban on sale of 15 percent PSX shares held by brokers following completion of one year of the stock market’s public … Continue reading Brokers can now Sell Shares – PSX
FBR Customs Valuation System now meeting International Standards
FBR has completely changed the customs valuation system by issuing the Customs General Order 19 (CGO 19 of 2019) to ensure proper valuation of goods for tax collection. Chairman FBR Shabbar Zaidi on Tuesday tweeted: I am pleased to inform that FBR has completely changed the valuation system at Custom Stage (CGO 19 of 2019 has been issued). Now we are in line with international … Continue reading FBR Customs Valuation System now meeting International Standards
PKR 201 Billion refered as Tax Evasion
The Auditor General of Pakistan (AGP) has discovered variations of Rs201.39 billion in the figures of tax receipts, and referred to these as ‘evasion’ in the audit report on the accounts of the Federal Board of Revenue (FBR) for 2017-18. The AGP has recommended various measures for the recovery of evaded taxes from the FBR along with fixing of responsibility. Those found responsible be proceeded … Continue reading PKR 201 Billion refered as Tax Evasion
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Signs your Small Business needs a CFO
When should a small business owner hire a CFO? While there is no right answer, there are certain indicators. What are some internal indicators that a small business owner should hire a CFO? An important internal tipping point is when information that helps the business make timely and important decisions is not being prepared. Business owners make decisions at the pace of the business and … Continue reading Signs your Small Business needs a CFO
Tax Imposed on Import Price, not Retail
The Federal Board of Revenue (FBR) has moved a summary to the federal cabinet for excluding import of storage batteries, auto parts, tyres and tubes from purview of retail price taxation. This mean that tax would be imposed at import price, not at retail price. The tax machinery also proposed abolishing of 3 percent value addition tax on the goods specified in the Third Schedule … Continue reading Tax Imposed on Import Price, not Retail
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Benefits of Bookkeeping
Without bookkeeping, it’s impossible to measure the true success or failure of your business dealings. You won’t know that your 2,000 rs per-month magazine ad campaign isn’t worth the investment. You’ll have no idea why you barely have enough money to operate your business, and you won’t know where the money went. A smart business owner realizes bookkeeping has several undeniable benefits. Cash Management Benefits … Continue reading Benefits of Bookkeeping
Finance for non-financial Entrepreneurs
Dear Attendees, here is the presentation as promised. Click here to download Continue reading Finance for non-financial Entrepreneurs
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