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Month: February 2021

National Tax Council (NTC) lacks the constitutional Cover

The National Tax Council (NTC) does not have the same constitutional coverage as the General Sales Tax (GST) Council in… Read More

Senior Chartered Accountant Rana Muhammad Anwar Khan Passed Away

With profound grief, it is intimated that Rana Muhammad Anwar Khan, a renowned and Senior Chartered Accountant of Pakistan (FCA)… Read More

FBR will launch a track and trace system by July 2021

Federal Board of Revenue (FBR) officials say the track and trace system will be implemented in July 2021. It will… Read More

SBP made it mandatory for all banks to issue Europay MasterCard Visa (EMV) cards

On Friday, the State Bank of Pakistan made it mandatory for all banks to issue new payment cards based on… Read More

FBR fired the officer for dishonesty

The Federal Board of Revenue (FBR) has finally fired an officer from the civil service on charges of "inefficiency and… Read More

Pakistan made progress on all 27 points in FATF Action Plan

Pakistan has made progress on all the 27 benchmarks laid down in Financial Action Task Force (FATF) Action Plan and… Read More

Additional Taxes of 700 billion expected In Upcoming Budget under IMF Deal

Under the International Monetary Fund (IMF) agreement, Pakistan will raise additional revenue of 1.4% of its economy size or more… Read More

Individual Tax Returns System in United Kingdom

The UK has a self-assessment (SA) tax system. As part of this system, most UK taxpayers adjust their tax liability… Read More

Govt continuously reduced taxes on petrol Price for the last three months

The government is now levying tax of Rs 34 per liter on petrol prices. The government has been continuously reducing… Read More

SBP setting up one window portal for Apna Ghar Scheme

Deputy Governor State Bank of Pakistan Sima Kamil says, a one-window portal would be set up soon for the convenience… Read More

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