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BUSINESS
Audit regulator deregisters CA Qadeer & Company
ISLAMABAD: The Audit Oversight Board has removed Qadeer & Company, Chartered Accountants from its register of auditors of public interest companies. The firm had committed multiple violations of the law including failure to rotate audit…
Another first by PSO – Launches Euro 5 standard fuel in Pakistan
ISLAMABAD: As a national oil marketing company, Pakistan State Oil (PSO) revolutionized the industry by becoming the first oil marketing company (OMC) to upgrade Pakistan’s fuel standard from Euro 2 to Euro 5. PSO’s Hi-Octane 97 Euro 5…
PBA supports growth in housing, construction finance
Pakistan Banks' Association (PBA) has said housing and construction finance sector is a critical contributor to the overall economy because of its multiple linkages to other avenues of economic development. In a handout issued here PBA said…
Tier-I retailers’ Integration with POS by August 31; FBR says
ISLAMABAD: Federal Board of Revenue (FBR) has reminded to Tier-I retailers to integrate with Point of Sale (Linked Invoicing System) till August 31, 2020. FBR has explained that all retailers who have the network of chain stores throughout…
Pakistan embarked upon sustainable, inclusive growth, says Finance Division
Islamabad: Pakistan is embarked upon a sustainable and inclusive growth and all the economic indicators and recent developments signify the strength and reliability of overall economic performance of the government in reinvigorating the…
Construction industry responds massively to special incentives, FBR says
Islamabad:The Federal Board of Revenue (FBR) Thursday said response of builders, developers and taxpayers on the construction industry package announced by the government has been extremely encouraging . It added that 40 projects have…
Fertilizer manufacturers provide Rs 600 billion benefit to farmers
ISLAMABAD: The fertilizer sector has passed on a benefit of Rs 600 billion over the last decade to the farmer community in the form of reduced urea rates compared to international prices. Between 2010-19, local urea prices have remained…
FBR Initiates purgatory process to weed out corruption and Inefficiency
ISLAMABAD: Federal Board of Revenue (FBR) has decided to take action against its corrupt and inefficient officials. An official of handout of FBR said since July last 26 officers and 19 officials have been suspended whereas 3 employees…
FBR to address refund issue permanently
ISLAMABAD A meeting was held in the Federal Board of Revenue, Islamabad to take stock of the issuance of refunds under the Inland Revenue Courts such ad Income Tax, Sales Tax and Federal Excise. Adviser to the Prime Minister on Finance and…
IHC expresses dismay over waste of wheat flour of billions
ISLAMABAD: Islamabad High Court (IHC) chief justice, Athar Minallah, expressed disappointment over inaction of the government departments causing waste of wheat flour of billions of rupee every year. He observed during the hearing into the…
