The government will renegotiate the conditions of the hiking of the power tariff and the raising of tax revenues with the International Monetary Fund (IMF). This was stated by the new Minister for Finance, Shaukat Tarin, during his first address at a meeting of the National Assembly Standing Committee on Finance at the Parliament House. …
Govt to Renegotiate New Taxes and Electricity Tariffs With IMF Read More »
Pakistan’s exports have continued to register at over $2 billion for seven consecutive months. In April 2021, the exported goods were worth $2.19 billion. This was announced by the Adviser to the Prime Minister on Commerce, Abdul Razak Dawood, late on Sunday via a tweet that read: “Alhamdulillah, Pakistan’s export for April 2021 stood at …
Pakistan Records 7th Consecutive Month With $2 Billion+ Exports Read More »
The gross revenue collection of the Federal Board of Revenue (FBR) stood at Rs. 3976 billion during July-April (2020-21) against Rs. 3438 billion during the same period last fiscal year, reflecting an increase of 16 percent. The Federal Board of Revenue (FBR) on Saturday released the provisional revenue collection figures for the first ten months …
FBR Makes Historic Gains With 16% Growth in Revenues Read More »
The government is likely to grant incentives to the capital market in the upcoming budget (2021-22) by incorporating viable proposals of the Pakistan Stock Exchange Limited (PSX) including rationalization of the capital gains tax (CGT) on disposal of securities. Sources told Propakistani that the Ministry of Finance has received budget proposals of the Pakistan Stock …
Govt Likely to Grant Incentives to Capital Market in Budget 2021-22 Read More »
The foreign company is required to obtain, maintain and duly update the records of the Ultimate Beneficial Owner (UBO) in the foreign company, according to the Securities and Exchange Commission of Pakistan (SECP). The SECP Friday issued guidelines for legal entities to comply with the ultimate beneficial ownership (UBO) regime, pursuant to the applicable laws …
SECP Issues Guidelines For Ultimate Beneficial Ownership Regime Read More »
Government of Pakistan, through Ministry of Finance, has issued a directive for discontinuation for Rs. 7,500 bond with immediate effect. Notification issued late today, and available with ProPakistani, said that circulation of Rs. 7,500 prize bond will be seized immediately, and no one would be authorized to handle or trade the prize bond with denomination …
Govt Decides to Discontinue Rs. 7,500 Prize Bonds with Immediate Effect Read More »
As part of its transformational journey, the SECP has now introduced a single combined digital certificate evidencing registration with SECP and some provincial departments simultaneously. The SECP continues to strive for reducing physical interaction with the citizens and is focused on providing services through the use of modern technology at the doorstep of the end-users. …
SECP Launches Combined Digital Registration with Provincial Agencies Read More »
In order to evaluate the quality of export shipments of fruits, vegetables, and other perishable food items, the Ministry of Commerce (MoC) and the Civil Aviation Authority (CAA) have decided to install a state-of-the-art high-capacity scanner at Jinnah International Airport in Karachi. The development is in line with the Pakistan Fruit and Vegetable Exporters Association’s …
Food Scanner Installed at Karachi Airport to Evaluate Quality of Export Items Read More »