State Bank Imposes 100% Cash Margin on Import of More Items

State Bank Imposes 100% Cash Margin on Import of More Items

The State Bank of Pakistan (SBP) has decided to impose 100% Cash Margin Requirement (CMR) on the import of 114 items, taking the total number of items subject to Cash Margin to 525. Cash margin…

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State Bank of Pakistan tightened the rules and regulations of auto financing

State Bank of Pakistan tightened the rules and regulations of auto financing

The State Bank of Pakistan has tightened the rules and regulations of auto financing for consumers to get cars of up to 1000cc. It has revised the Prudential Regulations for Consumer Financing. This targeted step…

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Pakistan’s current account ends FY21 in deficit

Pakistan’s current account ends FY21 in deficit

Pakistan’s current account balance reached at a deficit of $1.85 billion in fiscal year 2020-21. Due to jump in imports on account of rise in crude oil prices and vaccine arrivals. Current Account deficit Despite…

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Business

LATEST Businesses FBR amends Section 122 of IT Ordinance regarding time limit for proceedings Admin August 21, 2021 3 TAXATION All about Pakistan Single Window and step by step registration procedure Admin August 21, 2021…

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Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax terms explained in a plain and simple way. We have put together many of the most…

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Tax Deadline 2021 for World Corporate Income Taxes

Tax Deadline 2021 for World Corporate Income Taxes

Here, Tax deadlines for 2021, Income Tax Due dates or Tax Calendar is given for Individuals, Association of Persons (AOPs) and Company (Corporate Sector) of Pakistan and for World Corporate Income Tax deadlines for all…

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Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 |

Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 |

Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 | Industrial Relief Measures Exemption of additional custom duties on those tariff lines which are now @ 0%customs duty in tariff. Reduction of…

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