1. Home
  2. Businesses

Category: Businesses

Businesses
FBR to complete the licensing of IT service provider soon for Tier-1 retailers integration

FBR to complete the licensing of IT service provider soon for Tier-1 retailers integration

Federal Board of Revenue (FBR) on Tuesday said that the process of licensing the IT Service Providers for integration of Tier-1 retailers will take time. The FBR issued Rules for licensing of IT Service Providers,…

Businesses
Lucky Cement wins best Corporate Report Award

Lucky Cement wins best Corporate Report Award

Lucky Cement Limited has won the Best Corporate Report Award with first position in the Cement category at the much anticipated “Best Corporate & Sustainability Report Awards 2020.” The recognition was jointly announced by the…

Businesses
FBR takes action against integrated tier-1 retailers for non compliance

FBR takes action against integrated tier-1 retailers for non compliance

Large Taxpayers Office (LTO) Lahore has taken action against the integrated retailers on discontinuation from the Point of Sale (POS) system despite integration with the Federal Board of Revenue (FBR). Focal person responsible for POS…

Businesses
FBR amends Section 122 of IT Ordinance regarding time limit for proceedings

FBR amends Section 122 of IT Ordinance regarding time limit for proceedings

The Federal Board of Revenue (FBR) will enforce new amendment to Section 122 of the Income Tax Ordinance, 2001 for completion of proceedings against taxpayers within 120 days where notices were issued after July 1,…

Businesses
FBR issues clarification regarding disturbance in Data Center

FBR issues clarification regarding disturbance in Data Center

Federal Board of Revenue has issued a clarification regarding disturbance in Customs Operations due to up gradation of FBR Data Center. FBR has clarified that Customs operations have remained fully operational, throughout this week. Goods…

Businesses
SECP asks companies to file beneficial ownership declaration to avoid penalty

SECP asks companies to file beneficial ownership declaration to avoid penalty

The Securities and Exchange Commission of Pakistan (SECP) has asked companies to submit information of their ultimate beneficial owners (UBOs) through the filing of Form 45, required under Section 123A of the Companies Act, 2017.…

Businesses
FBR takes new steps for ease of doing business & taxpayers facilitation

FBR takes new steps for ease of doing business & taxpayers facilitation

FBR has launched single identifier number for all domestic taxes. Under this initiative a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise duty by mere use of CNIC if…

Businesses
Overseas Pakistanis developed made in Pakistan electric car to be launched soon

Overseas Pakistanis developed made in Pakistan electric car to be launched soon

Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be launched soon in the next three to four months in Pakistan. It is an initiative of DICE Foundation, a group of Pakistanis…

Businesses
Govt reviews Auto Policy draft for the period from 2021 to 2026

Govt reviews Auto Policy draft for the period from 2021 to 2026

The proposed Auto Industry Development and Export Policy (AIDEP) aims to increase the auto industry sector in Pakistan by increasing production of cars, motorcycles, tractors etc, Finance Minister Shaukat Tarin revealed. Auto Industry Development and…

Businesses
FBR Reveals Draft Rules for New Export Scheme

FBR Reveals Draft Rules for New Export Scheme

The Federal Board of Revenue (FBR) released draft rules for new Export Facilitation Scheme 2021. FBR also called for comments on this new export scheme from industry, exporters and other stakeholders. The new Export Facilitation…

Share it !