Business

Web Desk — A series of online hearings will be offered by the Federal Board of Revenue (FBR) next month, allowing taxpayers to air grievances and file complaints directly with the tax authorities. On Monday, Chief Commissioner of Inland Revenue Haider Ali Dharijo addressed the Korangi Association of Trade and Industry (Kati) and said that transparency was the top priority, …

The Federal Board of Revenue (FBR) distributed Rs53 million to 1,007 winners under its Point of Sale Prize Scheme on Saturday. The names of winners were announced via a computerized draw, and in this regard, FBR organized a ceremony to announce the names of lucky winners, attended by the Chairman of FBR Muhammad Ashfaq Ahmad and other senior FBR officials. …

Web Desk — The Businessmen Group (BMG) and the Karachi Chamber of Commerce and Industry (KCCI) have demanded that the government should take the stakeholders on board before implementing the Finance (Supplementary) Bill 2021. They noted that the sales tax rate under the Eighth Schedule on branded and packaged milk and dairy products had been increased from 10 per cent …

Web Desk — Important but disturbing news for the general public and those involved in the property business that some private housing societies have drastically increased the transfer fee for houses and plots. According to a news published in Jang, some private housing societies have increased the transfer fee of houses and plots. Some societies on Raiwind Road have unanimously …

Web Desk — Country-wide popular ride-hailing service Bykea is going to offer insurance coverage to all its customers in case of any road accident. The company, keeping in mind the high rate of motorbike accidents and the road safety situation in the country, took this remarkable decision to give a sense of safety to its customers. Research says bikes are …

Web Desk — Jazz has been awarded contracts worth approximately Rs300 million by the Ministry of IT & Telecom (MoITT) through Universal Service Fund (USF) for providing high-speed mobile broadband services on the M3 and M5 motorways, according to a press release. USF’s CEO, Haaris Mahmood Chaudhary, signed the contract with Syed Fakhar Ahmed, its Chief Corporate Regulatory Affairs Officer, …

Web Desk — Pakistan’s economic crisis is worsening every day as electricity will become more expensive and there will be hardly any gas available for household and industry, said renowned finacial and economic expert Ateeq ur Rehman. According to Ateeq ur Rehman revolving debt of gas sector has reached to almost Rs 700 billion and circular debt of electricity sector …

Web Desk — In order to facilitate small borrowers the State Bank of Pakistan (SBP) removed written declarations and credit information reports as requirements for obtaining loans from microfinance banks (MFBs). The SBP has introduced changes to microfinance regulatory regulations to streamline the process of obtaining Credit Information Reports (CIRs) and simplify the documentation requirements for microfinance borrowers. It is …

Web Desk — Punjab Information Technology Board (PITB) has shared information about the Federal Food Security Portal, which allows importers and exporters to register themselves and initiate trade requests without visiting field offices for submission of applications. In a presentation to Federal Minister Syed Fakhar Imam, PITB Chairman Azfar Manzoor and DG IT-Operations Faisal Yousaf presented the portal which will …

Web Desk — Federal Board of Revenue (FBR) Director Intelligence Abdul Rehman Rind says the track and trace system will not only help discourage hoarders but will also generate more revenue and eliminate the crisis of goods. Rind reveals that implementation of the track and trace policy had already started. He was speaking at a seminar organized by Hyderabad SITE …