Category: Pakistan

FBR, News, Pakistan

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.

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Economy, News, Pakistan, PSX, SECP, Uncategorized

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

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Economy, FBR, News, Pakistan, Power

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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Feels, Finance, Financial Statements, Pakistan, Small Business, Startup

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

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Kashmir, News, Pakistan

Government announces all offices across Pakistan will be closed at 3pm on September 6

The government has decided to commemorate this year’s Defence Day on September 6 (Friday) as “Kashmir Solidarity Day” to send a message of camaraderie to the oppressed people of Indian Occupied Jammu and Kashmir. The residents of the occupied valley are living under a strict curfew and other crippling restrictions since August 4, a day before Prime Minister Narendra Modi’s government abrogated Article 370, revoking … Continue reading Government announces all offices across Pakistan will be closed at 3pm on September 6

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