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Zaheer Abbasi & Sohail Sarfraz

Builders, developers: Simplified fixed tax scheme finalized
Print

Builders, developers: Simplified fixed tax scheme finalized

The government has finalized a simplified fixed tax scheme for developers and builders, offering a 90 percent reduction in tax for low-cost housing schemes, particularly the Naya Pakistan Housing Authority (NPHA). Sources said the FBR has given final touc
Published 05 Oct, 2019 12:00am
Builders, developers: Simplified fixed tax scheme finalized
Print

Builders, developers: Simplified fixed tax scheme finalized

The government has finalized a simplified fixed tax scheme for developers and builders, offering a 90 percent reduction in tax for low-cost housing schemes, particularly the Naya Pakistan Housing Authority (NPHA). Sources said the FBR has given final touc
Published 05 Oct, 2019 12:00am
Government optimistic about FATF prospects
Markets

Government optimistic about FATF prospects

The government has made positive progress in compliance with the recommendations of Financial Action Task Force (FATF) after April 2019 and would submit a report to its Working Group in September 2019. This was stated by Minister for Economic Affairs Divi
Published 31 Aug, 2019 12:00am
Government optimistic about FATF prospects
Markets

Government optimistic about FATF prospects

The government has made positive progress in compliance with the recommendations of Financial Action Task Force (FATF) after April 2019 and would submit a report to its Working Group in September 2019. This was stated by Minister for Economic Affairs Divi
Published 31 Aug, 2019 12:00am
PFMA allegedly involved in fixing flour prices: CCP
Markets

PFMA allegedly involved in fixing flour prices: CCP

Pakistan Flour Mills Association (PFMA) was allegedly involved in fixing flour prices and providing its members a platform to exchange commercially sensitive information and strategic data on flour prices which is, prima facie, violation of section 4 of t
Published 17 Aug, 2019 12:00am
PFMA allegedly involved in fixing flour prices: CCP
Markets

PFMA allegedly involved in fixing flour prices: CCP

Pakistan Flour Mills Association (PFMA) was allegedly involved in fixing flour prices and providing its members a platform to exchange commercially sensitive information and strategic data on flour prices which is, prima facie, violation of section 4 of t
Published 17 Aug, 2019 12:00am
PFMA allegedly involved in fixing flour prices: CCP
Markets

PFMA allegedly involved in fixing flour prices: CCP

Pakistan Flour Mills Association (PFMA) was allegedly involved in fixing flour prices and providing its members a platform to exchange commercially sensitive information and strategic data on flour prices which is, prima facie, violation of section 4 of t
Published 17 Aug, 2019 12:00am
Senate panel for continuing ST zero-rating regime
Print

Senate panel for continuing ST zero-rating regime

The Senate Standing Committee on Finance has recommended the National Assembly to continue sales tax zero-rating regime for five export-oriented sectors in the Finance Bill 2019. The committee presided over by Senator Farooq H Naek resumed discussion on t
Published 20 Jun, 2019 12:00am
PKR erosion adds to external debt heavily
Markets

PKR erosion adds to external debt heavily

The burden of Pakistan's external debt has increased by Rs 661 billion since the rupee depreciation began three days ago. From Wednesday 15 May, the State Bank of Pakistan (SBP) ceased to provide an indicative level to banks' treasuries within which the r
Published 18 May, 2019 12:00am
PKR erosion adds to external debt heavily
Markets

PKR erosion adds to external debt heavily

The burden of Pakistan's external debt has increased by Rs 661 billion since the rupee depreciation began three days ago. From Wednesday 15 May, the State Bank of Pakistan (SBP) ceased to provide an indicative level to banks' treasuries within which the r
Published 18 May, 2019 12:00am
PKR erosion adds to external debt heavily
Markets

PKR erosion adds to external debt heavily

The burden of Pakistan''s external debt has increased by Rs 661 billion since the rupee depreciation began three days ago. From Wednesday 15 May, the State Bank of Pakistan (SBP) ceased to provide an indicative level to banks'' treasuries within which the
Published 18 May, 2019 12:00am
Dollar not available in open market?
Markets

Dollar not available in open market?

Exchange companies said dollar was not available in the open currency market with traders stating that it was traded at Rs 148 to Rs 155 on the open currency market. Currency dealers told Business Recorder that no dollars are available in the local market
Published 17 May, 2019 12:00am
Dollar not available in open market?
Markets

Dollar not available in open market?

Exchange companies said dollar was not available in the open currency market with traders stating that it was traded at Rs 148 to Rs 155 on the open currency market. Currency dealers told Business Recorder that no dollars are available in the local market
Published 17 May, 2019 12:00am
Dollar not available in open market?
Markets

Dollar not available in open market?

Exchange companies said dollar was not available in the open currency market with traders stating that it was traded at Rs 148 to Rs 155 on the open currency market. Currency dealers told Business Recorder that no dollars are available in the local market
Published 17 May, 2019 12:00am
Mobile phone top-ups: no proposal under study to waive advance WHT
Print

Mobile phone top-ups: no proposal under study to waive advance WHT

There is no proposal under consideration for withdrawal of collection of advance withholding tax on mobile phone top-up cards recently allowed by the Supreme Court of Pakistan. Sources in the FBR said that the sales tax on mobile cards is a provincial sub
Published 28 Apr, 2019 12:00am