Economic and Finance News
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Violation of Securities Laws: SECP Penalizes Stockbrokers, Stakeholders
ISLAMABAD (April 20 2010) – The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on 22 members of…
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SECP to make e-listing of new companies mandatory
ISLAMABAD (Mar 31, 2010) – The Securities and Exchange Commission of Pakistan (SECP) has decided that all listed companies will…
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Tax Clearing House for implementation of E-payment/refund facility through banks
ISLAMABAD (March 09 2010): The Electronic Payment and Refund System (EPARS) facility of Federal Board of Revenue (FBR) would be…
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SECP may give powers to its Enforcement Department to monitor and examine companies' accounts
ISLAMABAD (February 16 2010): The Securities and Exchange Commission of Pakistan (SECP) is likely to give powers of adjudication to…
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SBP Announcement: CNIC not needed for sub-$5000 foreign exchange deals
KARACHI (February 11 2010): The State Bank of Pakistan (SBP) on Wednesday announced that sellers and buyers of foreign exchange…
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Banking Companies (Amendment) Bill 2009 passed: SBP given powers to take control of banks
ISLAMABAD (February 09 2010): The National Assembly has passed the Banking Companies (Amendment) Bill 2009 enabling the State Bank of…
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Finance Amendment Ordinance 2009 re-promulgated: Empowers Tax Officials
ISLAMABAD (February 09 2010): The federal government has re-promulgated the Finance Amendment Ordinance 2009 empowering tax officials to continue with…
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STARR to have detailed information on business bank accounts for refund claims
ISLAMABAD (February 09 2010): Detailed information on the business bank accounts of registered taxpayers would directly be available to the…
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FBR to credit tax refunds upto Rs 50,000 to bank accounts
KARACHI (January 23 2010): In order to speed up tax refund process, the Federal Board of Revenue (FBR) has decided…
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FBR to issue investment bonds to swap tax refund liability with banks
KARACHI (January 22 2010): The Federal Board of Revenue is going to issue investment bonds to banks to swap tax…
