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Author: fayyaz

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FINANCE
The Asian Development Bank (ADB) issued Pakistani rupee-linked ‘Karakoram’ bonds

The Asian Development Bank (ADB) issued Pakistani rupee-linked ‘Karakoram’ bonds

The Asian Development Bank (ADB) raised Rs1.83 billion ($11.4 million). Through the issue of Pakistani rupee-linked ‘Karakoram’ bonds. At 7.5% semi-annual coupon, maturing in August 2023. Karakoram’ bond The ADB defined the ‘Karakoram’ bond as “an…

UPDATES
PM Imran Khan never stopped me from taking action against someone: Shabbar Zaidi Former Chairman FBR

PM Imran Khan never stopped me from taking action against someone: Shabbar Zaidi Former Chairman FBR

Shabbar Zaidi, former Chairman FBR said in a tweet that PM Imran Khan never stopped me from taking action against someone. He said that this rumor against him is totally “fake and baseless.” “IK is…

UPDATES
FBR once again reminded to file income tax returns by the deadline

FBR once again reminded to file income tax returns by the deadline

The Federal Board of Revenue (FBR) reminded again to submit income tax returns by the December 8, 2020 deadline. Otherwise it will not be further extended. Which Persons required to submit tax returns ? The…

FINANCE
State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account

State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account

State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account. Pakistan Origin Card (POC) Foreign Exchange (FE) circular No. 02 dated August 05, 2020 explains, a…

UPDATES
Income tax return filing reached at 2.93 million

Income tax return filing reached at 2.93 million

Income tax returns reached a new peak of 2.93 million. According to FBR as per the Active Taxpayers List (ATL) issued on Monday. Active Taxpayer list (ATL) issued on the basis of Tax Year 2019.…

Businesses
China launches 6G satellite: We are still on 4G

China launches 6G satellite: We are still on 4G

China successfully sent 13 satellites into orbit this month with a single rocket. Besides, the world’s first 6G satellite. Whilst engineers in most countries are still trying to install 5G networks. China has sent the…

UPDATES
CAF autumn result announced by ICAP today

CAF autumn result announced by ICAP today

Certificate in accounting & finance (CAF) result expected at 17th November 2020 by Institute of Chartered Accountants of Pakistan. Schedule of examinations of exams (CAF, AFC, WST) of Institute of Chartered Accountants of Pakistan (ICAP).…

TAXATION
FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers

FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers

FBR claimed that it has acquired all information related to incomes, expenses and assets of filers & non-filers. FBR has acquired all authentic information of all filers and non-filers, which include: 1 million filers 1…

MARKETS
Good news: Petrol prices reduced by government

Good news: Petrol prices reduced by government

Good news: PTI government reduced the petrol and diesel prices for fortnight. The petroleum products prices reduced by the federal government on Sunday. PTI government issued a notification through Ministry of Finance, announcing to reduce…

UPDATES
Pakistan ranks 116 amongst 128 countries in the world on absence of corruption index

Pakistan ranks 116 amongst 128 countries in the world on absence of corruption index

#Pakistan ranks 116 amongst 128 countries in the world on absence of #corruption index. Pakistan ranked 116th among 128 countries on the absence of corruption index. A World Justice Project (WJP) Survey conducted by Gallup…