Tag: News

FBR, Finance

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

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Economy, FBR, News, Real Estate

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

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Global, News

MassacreMitch Trends After Santa Clarita School Shooting: He’s ‘Had Background Check Bill On His Desk Since February’

Senate Majority Leader Mitch McConnell faced criticism on social media for failing to act on gun control legislation after a shooting at a California high school Thursday that left two students dead and multiple others injured. A 16-year-old gunman who police said opened fire at Saugus High School in Santa Clarita, California was custody Thursday afternoon, but few other details were available. However, people took … Continue reading MassacreMitch Trends After Santa Clarita School Shooting: He’s ‘Had Background Check Bill On His Desk Since February’

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Finance, SBP

State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

As a major move towards addressing the challenge of access to finance to farming community, State Bank of Pakistan has amended its Prudential Regulations of Agriculture Financing, SME Financing, and Corporate & Commercial Banking by allowing banks to accept Electronic Warehouse Receipts as collateral for lending against storage of agriculture produce and commodities. Warehouse Receipt Financing (WHRF) is a mechanism whereby farmers, traders and processors … Continue reading State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

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Economy, Entertainment, Finance Facts, Global, News, SBP

Governor SBP unveils commemorative coin at 550th birth anniversary of Baba Guru Nanak Sahib

Governor SBP Dr. Reza Baqir unveiled the commemorative coin of Rs.550 to mark the 550th birth anniversary of Baba Guru Nanak at State Bank of Pakistan. A delegation of Sikh Community led by Sardar Ramesh Singh Khalsa, Patron in Chief Pakistan Sikh Council & Member Prime Minister’s Taskforce for Evacuee Trust Property Board, comprising members of Pakistan Sikh Council and Baba Guru Nanak Darbar also … Continue reading Governor SBP unveils commemorative coin at 550th birth anniversary of Baba Guru Nanak Sahib

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Finance, News, SECP

SECP working towards Ease of Doing Business

The recent measures by SECP to make the process of companies incorporation easy and hassle free, led to 19 % increase in registration of new companies in Oct 2019. The SECP has registered 1,659 new companies, raising the number of total registered companies to 107,062. Amongst new incorporations, 96 % companies were registered online and 43 % of the companies were registered in same day. … Continue reading SECP working towards Ease of Doing Business

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