The State Bank of Pakistan (SBP) will announce its decision on the monetary policy today with the analysts forecasting that there will be no change in the current policy rate.The central bank announced on Twitter that the SBP’s Monetary Policy Committee (MPC) is meeting today to discuss the country's monetary
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FBR Issues Rules for Duty Free Import of Minimum Value Goods
Federal Board of Revenue (FBR) on Friday issued rules for duty free minimum value of goods imported through courier and postal service.The FBR issued SRO 886(I)/2020 to notify draft amendment to Customs Rules, 2001.Through the draft amendment the FBR issued ‘Deminimis rules for imported goods’, which shall apply to the
Apple to Launch First Online Store in India Next Week
Apple Inc will launch its first online store in India on Sept. 23, the iPhone maker said on Friday, coinciding with the country’s festive season that rakes in some of the biggest sales for retailers every year.The company currently sells its products in India through third-party vendors and e-commerce firms
FBR Issues Single Page Return form for Shopkeepers, Traders
Federal Board of Revenue (FBR) on Thursday issued final draft of single-page income tax return for shopkeepers /small traders having annual turnover less than Rs10 million.The FBR issued SRO 885(I)/2020 to notify the final draft. Previously, the FBR on September 08, 2020 issued draft return form for shopkeepers/traders through SRO
Punjab Govt Launches Web Portal to Facilitate Construction Industry
With an aim to facilitate the construction sector and ensure approvals by a time-bound process through one window operations, the Punjab government has launched a web portal service.Highlighting the features of the web portal, Chief Minister Punjab Usman Buzdar in his statement said that now the builders, developers can get
Mastercard And Silkbank Join Hands To Drive Digital Payments In Pakistan
Payments technology leader Mastercard has announced a partnership with Silkbank to expand credit card issuance in Pakistan, which will help increase the purchasing power and accelerate digital payment adoption in the market.The collaboration will see Silkbank rolling out innovative new credit card programs for consumers in Pakistan. Silkbank will be
FBR Updates Application “Tax Asaan” for Filing of Income Tax Return by Salaried Persons
Ban on the Use of Polythene Bags Across Punjab
According to details, Justice Shahid Karim in the Lahore High Court issued an order on the petition of Abuzar Salman Khan Niazi regarding environmental pollution.When the hearing of the case began, the petitioner's counsel Abuzar Salman Khan Niazi advocated that the use of polythene bags in Lahore, Faisalabad and
Meezan Bank wins ‘Shariah Authenticity Award 2020’ Among Multiple Awards at the 10th Global Islamic Finance Awards
Meezan Bank, Pakistan’s first and largest Islamic bank has been conferred with ‘Shariah Authenticity Award’ among multiple accolades at the 10th Global Islamic Finance Awards (GIFA) held in Islamabad, Pakistan. The Bank has also been recognized as ‘Shariah Auditor of the Year’ and ‘Sukuk House of the Year Award’. All
Learn Tax Registration Procedure for Filing Annual Return of Income
Federal Board of Revenue (FBR) has issued registration procedure for income tax in order to file income tax return.The filing of income tax return for tax year 2020 is due on September 30, 2020 in case of taxpayers such as salaried persons, business individuals, Association of Persons (AOPs), taxpayers falling