We are organising a FREE financial literacy seminar for entrepreneurs based in Islamabad. If you or someone you know would like to attend here is the link #financialliteracy #based #would #attend #someone #weare #know #entrepreneurs #seminar #link https://www.facebook.com/events/2218636961579128/?ti=icl Continue reading It’s time to learn some FINANCE!
The first payment through FASTER module, against the refund claims for the tax period July, 2019, has been made on 2nd September, 2019, and the State Bank of Pakistan has confirmed the credit of the refund amount in the bank account of the claimant. It is highlighted that only 9 refund claims of five exporter-oriented sectors were received by Friday, the 30th August, 2019, and … Continue reading FBR RELEASES FIRST TRANCHE OF SALES TAX REFUNDS PROCESSED THROUGH FASTER SYSTEM
Developing strong capital markets can help countries under the Central Asia Regional Cooperation (CAREC) improve people and businesses’ access to finance, support private sector development, as well as strengthen regional cooperation and integration, delegates at an inaugural forum on capital markets development held in Islamabad heard today. The CAREC First Capital Market Regulator’s Forum, held from 29 to 30 August, provides a platform for development … Continue reading Inaugural Forum aims to Improve Capital Markets Development in Carec
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Federal Board of Revenue (FBR) on Saturday urged people to file complaints against businessmen who are charging sales tax without registering themselves under sales tax act. According to details, FBR has issued a circular which states that general public has reported complaints against the businessmen who are charging sales tax from consumers without being registered with FBR under the Sales Tax Act-1990. “It is, therefore, … Continue reading FBR – Take Action if Sales Tax is Wrongly Charged
The Federal Board of Revenue (FBR) collected one billion rupees in withholding tax revenue on funds transferred abroad through credit and debit cards in a year, official statistics showed. The government opened the avenue for revenue collection a year ago considering the growing trend of payment through plastic cards. A new section (236Y), inserted into the Income Tax Ordinance 2001 through Finance Bill 2018, bounded … Continue reading FBR collection increases- Foreign Funds Transfers 1B
The Cabinet Committee on Privatisation (CCoP) has directed the Ministry of Privatisation to expedite the process of privatization of public sector enterprises approved for privatization and further advised the Ministry of Privatisation to hire financial advisors for at least 10 PSEs before the next CCoP meeting. The CCoP in its meeting held with Advisor to the Prime Minister on Finance & Revenue, Dr. Abdul Hafeez … Continue reading FastTrack Privatisation- CCoP
The Securities & Exchange Commission of Pakistan in its drive against non- compliant companies, has revoked during the quarter ended on June 30, 2019, licenses of thirteen (13) not for profit companies, issued in pursuance of section 42 of the Companies Act, 2017. The main reason for revocation of licenses of these companies is that they are non-compliant to the statutory requirements of the law … Continue reading SECP revokes licenses of 13 Non-Profit Companies
The Asian Development Bank (ADB) on Wednesday approved a $500-million loan for budgetary support to Pakistan, restoring policy-based lending after keeping it suspended for over two years due to deterioration in macroeconomic conditions. The ADB board of directors approved the $500 million in budgetary support under the $800-million Trade and Competitiveness Support Programme. The loan approval was pegged with introduction of a new legislation and … Continue reading Asian Development Bank and World Bank restore budgetary support after 2 years
Documents reveal billions of rupees worth properties surfaced during last amnesty scheme A large number of people holding Benami properties and assets worth billions of rupees have benefited from the Pakistan Tehreek-e-Insaf (PTI) government’s tax amnesty scheme that ended on July 3, official documents reveal. The Federal Board of Revenue (FBR) has sought from all the subordinate departments detailed reports about people who availed the … Continue reading Billions collected via Amnesty Scheme
KIA-Lucky Motor held a press briefing to launch its first car Sportage in Pakistan. The CEO of the company explained that, concessions provided by the government in the Auto Policy 2016-21 were the basis for new entrants coming in Pakistan. The company acknowledged that it is not the best time for the auto industry due to rupee devaluation and higher financing cost, but remained optimistic … Continue reading Pakistan’s 1st KIA Sportage Car
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