May 27, 2022
ISLAMABAD: The government has barred all public and private development authorities from doing business with real estate agents who are not registered under the Anti-Money Laundering (AML) Act. The condition to suspend business with the…
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Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on Services from 16% to 5% on more than twenty services. Punjab Revenue Authority also reduced the rate…
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With the objective of constructing 50,000 housing units, an effort can be seen in the form of ‘LDA City Naya Pakistan Apartments’. Under this project, the government has approved the construction of 35,000 affordable apartments. This…
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The Lahore Development Authority (LDA) and the Bank of Punjab (BOP) have signed an agreement worth Rs. 10 billion under which the bank will provide resources for the construction of LDA City Naya Pakistan Apartments.…
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How to get an Import & Export License In Pakistan (Pakistan Single Window Act 2021) ? The Pakistan Single Window system started by rolling out in July 2021 with Phase 1 estimated for completion in…
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The Federal Board of Revenue (FBR) registered 215 First Information Reports (FIRs) against 267 people under the Anti-Money Laundering (AML) Act in the last four years. Chairman FBR, Muhammad Ashfaq Ahmad, shared this with the…
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The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to ensure the implementation of the Biometric Verification System (BVS). A circular issued by SBP states, “All…
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The International Monetary Fund (IMF) has placed a condition on Pakistan to close all the bank accounts maintained by public sector entities and the defence ministry in commercial banks. The money should be transferred to…
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Keeping in view need to improve availability of adequate housing in the country and important role of construction sector in boosting economic activities in other countries, Government of Pakistan envisions to increase the number of…
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Previously, FBR had to inform taxpayers 24 hours prior to freezing their bank account. Business community and tax bars are disappointed over FBR’s decision. Business community says FBR’s decision will be a hurdle for ease…
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