The Federal Board of Revenue (FBR) has taken serious notice of the ongoing harassment of the business community and has ordered its field formations to immediately stop making illegal cases about the concealment of income or misdeclarations against the taxpayers disguised as ‘audits’ or ‘definite information’. The FBR’s instructions to the field offices revealed …
FBR Orders Officials to Stop Harassing Business Community Read More »
PayFast — the indigenous payments solution by APPS (Avanza Premier Payment Services) — is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for the Payment System Operators/Providers (PSO/PSP). APPS is approved for commercial operations by the SBP, and it empowers the …
PayFast Becomes First Pakistani Payment Gateway to Get Commercial License from SBP Read More »
In A Major Achievement In Its Fight Against The Novel Coronavirus, Pakistan On Monday Announced That It Has Developed A Homemade Vaccine — PakVac — with the help of China’s Cansino Bio after rigorous quality control checks. The step is aimed at significantly reducing Pakistan’s dependence on other countries for Covid-19 vaccine. The country started its vaccination …
Pakistan Develops Homemade Anti-Covid Vaccine ‘PakVac’ Read More »
Is Amazon right for your business? The short answer is: yes. The largest household brands sell on Amazon. So do emerging brands that will pop on your radar soon. Small andmedium-sized businesses thrive here, and they account for more than half the units sold in our stores worldwide. Whatever your business is—andwhatever size it is—we’re …
Federal Board of Revenue (FBR) has issued a clarification on the news item published in the daily “Dunya” dated May 21, 2021, that Revenue Division could only spend Rs. 10,300 on Single Window Program out of allocated Rs. 200 million funding in the last ten months. FBR has clarified that an amount of Rs. 20 …
FBR Issues Clarification on Single Window Program Read More »
The Pakistan Telecommunication Authority (PTA) has issued Mobile Device Manufacturing Authorizations to 19 foreign and local companies for the local production of mobile devices (2G/3G/4G). Initially valid for the next 10 years, the manufacturers may establish their own new brands under the authorization, this helping the promotion of the ‘Manufactured in Pakistan’ culture. The mobile devices produced …
PTA Issues Mobile Device Manufacturing Authorizations to 19 Companies Read More »
The financing by the Islamic Banking segment of Pakistan’s banking industry has surpassed the value of financing made through conventional banking during the period of the last ten months of the current financial year 2020-21. The financing includes funds offered to the businesses, the corporate sector, and individuals. This shows steady growth in the …
Islamic Banking is Now More Popular than Traditional Banking Read More »
The Federal Board of Revenue (FBR) has re-fixed the ceiling of the parametric refund-to-export ratio from the previous 12 percent to 15 percent of the export value for the processing of the sales tax refunds of the commercial exporters. In this connection, the FBR has issued a Sales Tax General Order (STGO) 05 of 2021 …
FBR Revises Parametric Refund-to-Export Ratio Ceiling for Sales Tax Refunds Read More »