Economy

FBR Assigns Jurisdiction to Officials of Designated Non-Financial Businesses & Professions

The Federal Board of Revenue (FBR) has assigned jurisdiction to the officials of Designated Non-Financial Businesses and Professions (DNFBP) to comply with the Financial Action Task Force (FATF) requirements.DNFBP is a classification used by FATF denot…

Economy

Pak-China and APCEA Collaborate to Highlight the Role of Chinese Enterprises in Pakistan

Pakistan-China Institute (PCI) and All-Pakistan Chinese Enterprises Association (APCEA) launched the ‘APCEA Sustainable Development Report 2021’ during an event organized at the Chinese Embassy.The event was attended by over 100 participants and featur…

Economy

Senate Panel Grills FBR Over Release of Tax Directory of Parliamentarians

Chairman Federal Board of Revenue (FBR), Dr. Ashfaq Ahmed, on Tuesday, said that the release of the Tax Directory of the Parliamentarians was meant only to ensure transparency.Responding to a question raised by Senator Farooq H. Naek during a meeting o…

Economy

FBR Gives Deadline for Businesses to Integrate with Point of Sale System

In a bid to collect maximum taxes from big retailers, the Federal Board of Revenue (FBR) has made public the list of 1,284 business tycoons who did not integrate their businesses with its Point Of Sale (POS) system, warning them that they will not be e…

Economy

Questions Raised After Ministry of Commerce & PBS Share Different Trade Figures

The Ministry of Commerce and Pakistan Bureau of Statistics (PBS) released trade figures with two just days gap, but showing huge discrepancies, raising serious questions on the authenticity of this important matter.Significant differences were witnesse…