SHC holds Bonus Shares to be taxable, dismisses seven suits
KARACHI: A bench of High Court of Sindh (SHC) deciding a number of suits challenging the levy of income tax on “Bonus shares“ dismissed the same holding that bonus shares…
Pharama importers’ names placed in Exit Control List
KARACHI: Three major importers of pharmaceutical material have been barred from leaving the country, as their names are included in Exit Control List on the request of Customs authorities. Ali…
FBR plans ‘Operation Desert’ targeting money-laundering and black money
KARACHI: The Directorate of Intelligence & Investigation – Inland Revenue has planned a special clandestine operation with code named ‘Operation Desert’ against the transfer of black money from Pakistan to…
ASO of MCC Preventive cracks down pumps selling smuggled fuel
KARACHI: The MCC Preventive Karachi has launched an opaeration against fuel stations selling smuggled goods and confiscated smuggled fuel worth millions of rupees. On the directives of Collector Preventive…