Sohail Sarfraz

ISLAMABAD: The Federal Board of Revenue (FBR) will empower Inland Revenue officials to seal unregistered people’s company premises, restrict financial activities and prohibit the opening of the new bank accounts.

ISLAMABAD: The Federal Board of Revenue (FBR) has announced tariff concessions on the import of items under Pakistan Azerbaijan Preferential Trade Agreement from December 16, 2024.

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued Direction to set standardised performance benchmarks for Asset Management Companies offering Collective Investment Schemes (CIS).

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed significant penalties on two leading frozen dessert manufacturers for deceptive marketing practices.

ISLAMABAD: The Tax Laws (Amendment) Bill, 2024 is likely to be challenged in courts due to imposition of ...

ISLAMABAD: A division bench of Appellate Tribunal Inland Revenue (ATIR) has held that under the tax treaties of Pakistan with United Arab Emirates and United Kingdom the rental income and capital gain derived from these countries by resident Pakistanis is not taxable in Pakistan.

ISLAMABAD: The domestic industry is facing severe challenges due to the non- appointment of members at the Anti-Dumping Appellate Tribunal (ADAT).

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued an updated list of 37 companies involved in unauthorized business activities including leasing/financing/loan facility and illegal Stock/Shares Trading Platforms.

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, disclosed that people are ready to pay more money (tax), but they are not ready to deal or interact with the tax authority, the Federal Board of Revenue (FBR).

ISLAMABAD: After heavy taxation on buying/ selling of immovable properties and increase in Federal Board of Revenue (FBR)’s property values, citizens would now face a new kind of problem in the name of penalty to be recovered from property purchases made through non-banking transactions.